Candlestick Patterns

Belt-Hold Bearish

The Belt-Hold Bearish is a bearish reversal pattern represented by one candle. After an upward movement, this candle opens at the period’s high and, afterward, closes near its low. During an uptrend, this candle opens at its maximum and immediately starts falling to close near the low of the candle. The supply quickly rejects the price and drives it down, therefore, increasing the chances of fading the uptrend. Due to the Belt-Hold Bearish pattern, generally, has more chances to anticipate bearish reversals, it will generate a sell signal if selected in your strategy. It can be easily combined with other indicators and candlestick patterns to filter out potential negative trades.

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