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Abandoned Baby
Belt Hold
Breakaway
Concealing Baby Swallow
Doji Star
Dragonfly Doji
Engulfing
Gravestone Doji
Hammer
Harami
Harami Cross
Homing Pigeon
Inverted Hammer
Kicking
Ladder Bottom
Mat Hold
Matching Low
Meeting Lines
Morning Doji Star
Morning Star
Piercing Line
Rising Three Methods
Separating Lines
Side by Side White Lines
Stick Sandwich
Three Inside Up
Three Line Strike
Three Outside Up
Three Stars In the South
Three While Soldiers
Tri Star
Unique Three River Bottom
Upside Gap Three Methods
Upside Tasuki Gap

Belt Hold
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Pattern: reversal
Reliability: low

Identification
A white day occurs with no lower shadow and a close near the day’s high.

The Psychology
The Belt Hold occurs fairly often and is not very reliable. The fact that the day’s opening price holds as the low of the day and the stock trends up all day leans bullish, but one really needs to make note of the overall trend and receive confirmation with an additional up day.



COT was in a nice uptrend when it pulled back to support on declining volume. The Belt Hold candle was playable on the long side because it occurred at support and at 20 (a nice whole number). This candle is much more reliable if played within an uptrend rather than at the end of a downtrend.

 

 

 

 

 

 

 



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