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Bearish Belt Hold

Daily Charts:   281 found in last 10 days.   Updated Thu May 15 18:16:27 2008 CST . Click here to see them.

Weekly Charts:   71 found in last 10 weeks. Click here to see them.

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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