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Bullish Belt Hold

DailyWeekly
Last Day: 7 Last Week: 5
Last 10 Days: 256 Last 10 Weeks: 39

Bullish Belt Hold

This pattern signals a trend...
How to identify...
Similar pattern(s)...
Reversal
  1. Long white day where the open is equal to the low.
  2. No lower shadow.


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.




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