Bullish Belt Hold

The Bullish Belt Hold is a double candlestick pattern that forms during an upward trend.  A bullish reversal is expected when this occurs.

Bullish Belt Hold

The Bullish Belt Hold is a double candlestick pattern that forms during an upward trend.  A bullish reversal is expected when this occurs.


Bullish Belt Hold Identification

The Bullish Belt Hold occurs following a stretch of bearish trades.  A bullish candlestick occurs;  the opening price, which becomes the low for the day, is lower than the close of the previous day; the stock price rises throughout the day, resulting in a long bullish candlestick with a short upper shadow and no lower shadow.

Bullish Belt Hold candlestick pattern

Interpretation of Bullish Belt Hold

The Bullish Belt Hold often signals a reverse in investor sentiment from bearish to bullish. However, it is not considered very reliable as it occurs frequently and is often incorrect in predicting future share prices. As with any other candlestick charting method, more than two days of trading should be considered when making predictions about trends.

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