Belt Hold Line Pattern

Belt Hold Line Pattern

– Normally it should be a signal of reversal of the current Trend.

– You can find it in the variants: Bullish and Bearish, depending on the Trend in which is located.

– The longer the candle is, the more reliable the signal becomes.

Bullish Belt Hold Line

– It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern.

– The Open of the Candle coincides with the Low of the Candle.

– Is a long and white Candle, with a short Upper Shadow and no Lower Shadow.

– It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern.

– The Open of the Candle coincides with the High of the Candle.

– Is a long and black Candle, with a short Lower Shadow and no Upper Shadow.