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Bullish Belt Hold


This pattern signals a potential trend...

Reversal


How to identify...
  1. Long white day where the open is equal to the low.

  2. No lower shadow.
Similar pattern(s)...

» 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.



Recent Scan Results...
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Last Day: 10 Last Week: 0
Last 10 Days: 88 Last 10 Weeks: 23




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