Yeah i loaded this last couple of weeks avg price .0008 and it has paid off today sold avg price .00145, pinks are doing great this year, i mean at least for me, this makes number 39 out 43 pinks i have banked on just since January this year!
This pattern consists firstly of a black Marubozu and then a white Marubozu. After the black Marubozu, the market opens above the prior session’s opening, forming a gap between the two candlesticks.
Recognition Criteria
1. The market is characterized by a prevailing downtrend. 2. On the first day a black Marubozu (or a black candlestick) is observed. 3. Then we see a white Marubozu (or a white candlestick) on the second day. 4. The second day opens higher with a body gap.
Pattern Requirements and Flexibility
The Bullish Kicking ideally should consist of a black Marubozu then a white Marubozu with a body gap in between. However, we accept normal or long candlesticks and a null body gap, too. This way, the Bullish Separating Lines Pattern, which is a continuation pattern (that is not covered here), is also included in a modified manner as a reversal pattern.
Trader’s Behavior
The pattern is a strong sign showing that the market is headed upwards. It appears in a downtrend and on the first day a strong black candlestick (or a black Marubozu) further confirms the bearishness. The next day prices open at or above the previous day’s open, causing a gap. This huge gap urges the bulls to take action. The market heads up forming a white candlestick (or a white Marubozu). Buy/Stop Loss Levels
The stop loss level is defined as the last low. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered.
SAPX: the chart I just posted clearly shows everything is riding on the 50 day simple moving average……..turn it into support & the party continues…….fail to break MA(50) and it's reload lower time……
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