Bullish Belt Hold
a.k.a. Belt hold
A single tall up candle that opens at its low after a decline, hinting buyers have grabbed control.
In plain English
A single tall up candle that opens at its low after a decline, hinting buyers have grabbed control.
A bullish belt hold appears after a fall. The candle opens at or near the low of the session and then climbs all day, closing near its high with little or no lower wick.
It says sellers never got a foothold after the open. It is a modest reversal hint on its own and worth more at a support level with confirmation the next day.
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