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Bearish Belt Hold

DailyWeekly
Last Day: 18 Last Week: 15
Last 10 Days: 259 Last 10 Weeks: 69

Bearish Belt Hold

This pattern signals
a potential trend...
How to identify...Similar pattern(s)...
Reversal
  1. Long red day where the open is equal to the high.

  2. No upper shadow.
Marubozu


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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