Bearish Belt Hold
| This pattern signals a potential trend |
Reversal
|
| How to identify |
- Long red day where the open is equal to the high.
- No upper shadow.
|
| Similar pattern(s) |
» 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.
|
Recent Scan Results
| Daily Chart | Weekly Chart |
| Last Day: 4 | Last Week: 2 |
| Last 10 Days: 170 | Last 10 Weeks: 46 |
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