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Bullish Mat Hold Candlestick Pattern
This pattern signals a potential trend |
Continuation
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How to identify |
- 1st day is a long white day.
- 2nd day is a red day that gaps above the 1st day.
- The next two days are small body days which trend lower and stay within the upper range of the 1st day.
- The last day is a white day which closes above the previous four day's range.
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Similar pattern(s) |
» Bullish Rising Three Methods
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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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