The bullish kicker is a two candle pattern that starts with a large bearish candlestick lower (black or red) then a second large bullish candle that gaps higher in price. The bullish candle should have a flat bottom or tiny wick with almost no movement back into the price gap.
The bullish kicker candlestick pattern doesn’t have to form after a large downtrend in price, but occurring as a reversal signal can create a better risk reward ratio.
This pattern is called a kicker because the price action resembles a kicker dropping a ball down then kicking it higher into the air with momentum. This candle formation shows a change in sentiment from bearish to bullish with no sellers in the gap in price action. This candle is very similar to the gap and go pattern in technical analysis and is one of the most bullish candlestick chart patterns.
This pattern is usually created be a news event that causes the next candle to price the new information into the chart suddenly that changes the direction of the move.
The bullish kicker can happen during a price range after a bearish candle or near the end of a downtrend in price.
The bullish kicker is a momentum signal and can also signal a reversal in a down move in price.