You are about to be redirected to
www.instaforex.com
The services on this website better suit your location
 
 
Open Account

The longer the body of the Belt Hold pattern is, the harder it resists the trend, against which it moves.

Just like other one-day patterns, the Belt Hold becomes invalid if surrounded by many similar candles.

How to determine Belt Hold?

1. One of the candlestick’s ends does not have a shadow.
2. The Bullish Belt Hold opens at a low and lacks a lower shadow.
3. The Bearish Belt Hold opens at a peak and lacks an upper shadow.

Scenario and psychology

A gap takes place in the current trend alongside the trend’s direction during the session’s opening. This whole day the price’s direction will be opposite to the previous trend. On the back of it, many positions could be lost, thus triggering a reversal.

Flexibility

There is no room for flexibility within the Belt Hold pattern as it consists of a single candlestick. This should be a long day in comparison with several preceding days.

The pattern cannot develop due to its one-candle structure.

The Belt Hold pattern is similar to the opening Marubozu as both candles are the first days of many other more complex candlestick formations.

Bullish Belt Hold
Bullish Belt Hold
Bearish Belt Hold
Bearish Belt Hold

Download


Back to the list
Vous quittez le site Internet d'INSTANT TRADING EU LTD www.instaforex.eu
Can't speak right now?
Ask your question in the chat.