
Belt Hold |
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Pattern: reversal
Reliability: low
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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.
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