Candlestick Patterns
Mat Hold Bearish
The Mat Hold Bearish is a bearish continuation pattern represented by five candles. During a downtrend, the first candle is a long decreasing candle, followed by three increasing candles with small bodies. Finally, the fifth candle has a long decreasing body and will set a new low for this range. This continuation pattern performs a pull-back or flag during the first four candles, and then continues decreasing. The first and last candle decrease, while the three in the middle represent the pull-back. This pattern can be found during bearish trends and suggests that the price is very likely to continue its way down. When the hopper spots it in the chart, it will generate a sell signal.
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