The Ultimate Guide to Bullish Belt-Hold Candlestick Patterns

Last updated: January 4, 2024

Bullish Belt-Hold Pattern

The bullish belt-hold candlestick pattern is a long green candle which opens near the lows of the trading session and closes near the highs. After a market decline, this candle forecasts a potential market rally:

Chart

General Identification & Interpretation

Steve Nison is credited with bringing Japanese candlestick charting to the West. In his book "Japanese Candlestick Charting Techniques" he describes bullish belt-hold patterns with the following characteristics:

Typical characteristics

• Occurrence after a market decline
• Strong green candle opening near the lows of the day and closing near the highs of the day

Examples of use as a trading indicator

• Potential bullish reversal signal after market decline
• Larger significance the longer the height of the candle

Other interpretations

• This pattern may also be called a white opening shaven bottom

More for beginners

Check out our quick start guide to candlestick charting for more information if you are new to candlestick charting!