• Mat Hold

  • Type: Continuation
  • Relevance: Bullish
  • Prior Trend: Bullish
  • Reliability: High
  • # of Sticks: 5

Definition:

After a long up candle in an uptrend there is 3 smaller candles (sometimes referred to as real bodies) that constitute a small downtrend.  The fifth candle of trading marks a continuation of the uptrend (generally accompanied with strong volume) and a close to new highs.