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Bullish Belt Hold

Daily Charts:   147 found in last 10 days.   Updated Fri May 16 18:16:28 2008 CST . Click here to see them.

Weekly Charts:   154 found in last 10 weeks. Click here to see them.

Bullish Belt Hold

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

Psychology...

A significant gap down occurs. The remaining price action for the day occurs to the upside. This triggers a buying spree. Shorts cover their positions due to concern over this price action.





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