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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
Daily ChartWeekly Chart
Last Day: 26 Last Week: 8
Last 10 Days: 156 Last 10 Weeks: 31




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