Key Reversal Bar
Essentially a Key Reversal Bar is an Outside Bar that has particular properties and most commonly occurs at the end of a trend. Before following this type of event it is important to analyse market conditions further to decide whether the Key Reversal Bar is valid.
Thus a Downward Key Reversal Bar will occur at the end of an uptrend and the close of the bar will be below the low of the previous bar. This is said to represent an initial follow through of the upward trend to new highs but then failure as the market declines to close below the previous day’s low.
Thus an Upward Key Reversal Bar will occur at the end of a downtrend and the close of the bar will be above the high of the previous bar. This is said to represent an initial follow through of the downward trend to new lows but then failure as the market rallies to close above the previous day’s high.
Kicking - Bullish and Bearish
(Candlestick Reversal Pattern)
The first day of this pattern is a Black/White Marubozu day. This is followed by a White/Black Marubozu day that gaps against the direction of the first day.
The dramatic reversal in price direction is a strong sign that the market is headed in the direction of the second day’s gap .
The significantly strong selling pressure of the first day implied by the Black Marubozu, (in a Bullish Kicking), is reversed the next day by the gap opening. This is most likely caused by an unexpected fundamental event.
The significantly strong buying pressure of the first day implied by the White Marubozu, (in a Bearish Kicking), is reversed the next day by the gap opening. This is most likely caused by an unexpected fundamental event.
Kiwi
A market term for the New Zealand Dollar.