Leavitt Brothers: Education - CandleStick Patterns

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	Abandoned Baby
	Belt Hold
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	Mat Hold
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	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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