Mat Hold Bullish
The Mat Hold Bullish is a bullish continuation pattern represented by five candles. During an uptrend, the first candle is a long increasing candle, followed by three decreasing candles with small bodies. Finally, the fifth candle has a long increasing body and will set a new high for this range. This continuation pattern performs a pull-back or flag during the first four candles, and then continues increasing. The first and last candle increase, while the three in the middle represent the pull-back. This pattern suggests that the price is very likely to continue its way up. When the hopper spots it in the chart, it will generate a buy signal.