Mat Hold Candlestick Pattern

Bullish mat hold pattern it occurs during an uptrend.

Mat hold candlestick pattern.

First an uptrend must be in progress. You can find it in the variants. The mat hold candlestick pattern is similar to the rising three methods pattern. The first candle is long and bullish and continues the uptrend.

The mat hold candlestick pattern is recognized if. The first candle of the bullish mat hold is tall and positive and is followed by three small negative candles. The last candle is big and bullish and closes above the high of the pattern. The book takes an in depth look at 103 candlestick patterns and reports.

Bullish and bearish depending on the trend in which is located. Mat hold is a bullish trend continuation candlestick pattern consisting of five candles. Http bit ly 2hmonvq best binary broker list. Mat hold pattern normally it should be a signal of continuation of the current trend.

It is followed by another small black or red body that dips a bit further into the white or green candle body. Candlestick patterns bullish mat hold forex forex strategy candlestick source. So if you think you ve spotted the bullish mat hold be sure to examine the formation. The mat hold candlestick pattern has the look of an upside gap two crows pattern except that the second black or red body third day dips into the body of the large white or green candle.

The next two candles are short and form a short term downtrend closing within. When a candlestick pattern is rare and not often seen and reviewed it can be forgotten. If the pattern doesn t contain the following criteria it can t be classified as a bullish mat hold. A bullish mat hold is a five candle candlestick pattern that forms in an ongoing uptrend and signals that the trend will continue to be bullish.

Let s analyse now the following candlestick pattern. In my book encyclopedia of candlestick charts pictured on the right i explore the entire range of candlestick patterns from abandoned babies to windows not exactly a to z but you get the idea in both bull and bear markets using almost 5 million candle lines in the tests. The second candle is bearish and gaps up from the first candle.