Belt Hold Pattern β Sudden Reversal Signal π―
π The Belt Hold is a single-candle reversal pattern that shows strong conviction from buyers or sellers.
β
Types:
Bullish Belt Hold: A long green candle that opens at or near the low (no lower shadow) and closes near the high. Appears after a downtrend β bullish reversal.
Bearish Belt Hold: A long red candle that opens at or near the high (no upper shadow) and closes near the low. Appears after an uptrend β bearish reversal.
π Example: After a fall βΉ510 β βΉ480, next day stock opens near βΉ480 and closes βΉ505 β Bullish Belt Hold β reversal possible.
π§ Tip: Accuracy improves if formed at strong support/resistance.
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