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Bullish Belt Hold

DailyWeekly
Last Day: 30 Last Week: 0
Last 10 Days: 204 Last 10 Weeks: 16

Bullish Belt Hold

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

  2. No lower shadow.
Marubozu


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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