Bullish Belt Hold

Bullish Belt Hold
A trend in candlestick charting that occurs during a downward movement. After a stretch of bearish candlesticks, a bullish or white candlestick forms. The opening price, which becomes the low for the day, is significantly lower then the closing price. This results in a long white candlestick with a short upper shadow and no lower shadow.
The bullish belt hold often signals a reverse in investor sentiment from bearish to bullish. Since this trend occurs frequently but is often incorrect in predicting future share prices, it is rarely perceived to be useful. As with any other candlestick charting patterns, more than just two days of trading should be considered when making predictions about trends.
The Art of Candlestick Charting - Part 1 - Discover the components and basic patterns of this ancient technical-analysis technique. The Art of Candlestick Charting - Part 2 - Learn why crowd psychology is the reason this technique works, and discover how to analyze 'hammers and 'hanging men'. The Art of Candlestick Charting - Part 3 - Take a look at continuation patterns and how they can confirm or deny trends. The Art of Candlestick Charting - Part 4 - Learn about more continuation patterns on the bullish and bearish sides: the engulfing pattern, harami and harami cross.