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Bearish Belt Hold

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Last Day: 0 Last Week: 0
Last 10 Days: 228 Last 10 Weeks: 47

Bearish Belt Hold

This pattern signals a trend...
How to identify...
Similar pattern(s)...
Reversal
  1. Long black day where the open is equal to the high.
  2. No upper shadow.


Psychology...
A significant gap up occurs. The remaining price action for the day occurs to the downside. This triggers new short positions to be taken. Concern over this price action re-enforces the selling.



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