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Bullish Mat Hold
| This pattern signals a trend... | How to identify... | Similar pattern(s)... | | Continuation | - 1st day is a long white day.
- 2nd day is a black day that gaps above the 1st day.
- The next two days are small body days which trend lower and stay within the range of the 1st day.
- The last day is a white day which closes above the previous four day's range.
| | Psychology...
This is a resting pattern for the bulls. The 2nd day still closes at a new high and the 4th day still closes above the 1st day's open. Bears worry that a reversal in not in the cards this time. Hence, the bullish trend continues on the 5th day.
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