Price Action: How to trade bearish belt hold candlestick pattern and b...

 



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Indicators:
EMA 3 (blue)
EMA 20 (yellow)
EMA 50 (orange)
EMA 100 (red)
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Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

A candlestick pattern that forms during an upward trend. This is what happens in the pattern: following a stretch of bullish trades, a bearish or black candlestick. Have you spotted a Bearish Belt Hold candlestick pattern? Today we're discussing its formation, its meaning, and how you should interpret its appearance. Bearish Belt Hold is a single candlestick pattern, basically, a Black Opening Marubozu that occurs in an uptrend.

The Belt Hold lines are formed by single Candlesticks. The Bullish Belt Hold is a long white candle that has gapped down in a downtrend. From it’s opening point, it moved higher for the rest of the day. This is called a White Opening Shaven Bottom or White Opening Marubozu. The bearish Belt Hold is just the opposite. It is formed with a severe gap away from the existing uptrend. It opens at its high and immediately backs off for the rest of the day. It is known as a Black Opening Shaven head or Black Opening Marubozu. Yorikiri, a sumo wrestling term, means pushing your opponent out of the ring while holding onto his belt. The longer the body of the Belt Hold, the more significant the reversal.

The Belt-Hold candlestick pattern (or yorikiri as it is know in Japanese) is considered a minor trend reversal pattern that can indicate a bullish or bearish trend. You are now looking at a chart which shows the bullish belt hold line candlestick pattern. As you see, the trading day starts with a big bearish gap. bullish belt hold appears in downtrends. The pattern can be recognized by a single long, full bodied candlestick that is bullish.

A bearish belt-hold is a long black candlestick that opens on, or near, its high and closes well off its open. A belt hold line is a single candlestick pattern. A bullish belt hold occurs when prices open on the low of the day and then immediately move higher. The Bearish Belt Hold candlestick pattern is a bearish reversal candlestick. The candlestick pattern consists of a large real body with no upper shadow.