candle sticks

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Bullish breakaway

Candle Sticks

Candlesticks are graphical representations of price fluctuations for currency pairs.
Bullish breakaway

Definition

Bullish Belt Hold is a single candlestick pattern basically a White Opening Marubozu that occurs in a downtrend. It opens on the low of the day and then a rally begins during the day against the overall trend of the market which eventually stops with a close near the high leaving a small shadow on top of the candle. If longer bodies characterize the Belt Hold then the resistance they offer against the trend will be even much stronger.

Recognition Criteria

1. The market is characterized by a prevailing downtrend.
2. The market gaps down and opens at its low and closes near to the high of the day.
3. A long white body that has no lower shadow (a White Opening Marubozu) is observed.
Pattern Requirements and Flexibility

A White Opening Marubozu or a White Marubozu (with no upper or lower shadow) should be seen in a Bullish Belt Hold and it should open lower than the two preceding black candlesticks.

Trader


Bearish harami
Candle black
Closing white marubozu
BEARISH LADDER TOP
Marubozu closing white
Rising window
Long day black
Above the Stomach
Bullish breakaway
Long Legged Doji
Closing black marubozu
Inverted hammer 2 line 1
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