Bullish Belt Hold

Categories: Stocks, Technical Analysis,

A price chart indicator that occurs when candlestick analysis is used. Following several black (downward price) candles, a white candle (upward price) appears with the bottom as the opening price. The pattern is sometimes viewed by analysts as a turn from a bear market to a bull market; however, the pattern appears frequently and has not been shown to be a consistent indicator of a bullish market. Opposite of bearish belt hold.