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$AMC Entertainment (AMC.US)$ Belt Hold candlestick pattern o...
$AMC Entertainment (AMC.US)$ Belt Hold candlestick pattern on 30 mins chart bullish reversal when market open, Huat Ah!
What Is a Bullish Belt Hold?
A bullish belt hold is a single-day Japanese candlestick pattern that suggests a possible reversal of the prevailing downtrend.
The pattern forms when, following a stretch of bearish trades, a bullish or white candlestick occurs. The opening price, which becomes the low for the day, is lower than the close of the previous day. The stock price then rises throughout the day, resulting in a long white candlestick with a short upper shadow and no lower shadow.
What Is a Bullish Belt Hold?
A bullish belt hold is a single-day Japanese candlestick pattern that suggests a possible reversal of the prevailing downtrend.
The pattern forms when, following a stretch of bearish trades, a bullish or white candlestick occurs. The opening price, which becomes the low for the day, is lower than the close of the previous day. The stock price then rises throughout the day, resulting in a long white candlestick with a short upper shadow and no lower shadow.
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