Candlestick Patterns

Belt-Hold Bullish

The Belt-Hold Bullish is a bearish reversal pattern represented by one candle. After a downtrend, this candle opens at the period’s low and, afterward, closes near its high. During a downtrend, this candle opens at its low and immediately starts increasing to close near the maximum of the candle. The demand quickly rejects the price and drives it up, therefore, increasing the chances of fading the downtrend. Due to the Belt-Hold Bearish pattern, generally, has more chances to anticipate bullish reversals, it will generate a buy 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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