• Bearish Belt Hold

  • Type: Reversal
  • Relevance: Bearish
  • Prior Trend: Bullish
  • Reliability: Low
  • # of Sticks: 2

Definition:

This Belt Hold pattern is characterized by a gap up to what will be the high and then the stock continues to drift lower eventually closing near but not necessarily at the low.  To truly signal a reversal the candle should be long.

 

Opposite: Bullish Belt Hold