Investor Glossary-bullish belt holdInvestor Glossary-bullish belt holdInvestor Glossary-bullish belt holdInvestor Glossary-bullish belt holdInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Bullish Belt Hold

The HTML to link to this page
 

The bullish belt hold is a candlestick charting pattern that tends to signal the reversal of a downtrend. A single long white candlestick with no lower shadow and a small upper shadow (i.e. white closing Marubozu) characterizes the bullish belt hold pattern. The bullish belt hold occurs following a series of down days when the bullish belt hold candle gaps down to open at the low of the day, suggesting a continuation of the trend, then rises to close near the high. Short sellers closing out their positions contribute to the upward move that forms a bullish belt hold candle. The long body of the bullish belt hold candle implies increasing resistance to the prevailing trend. Traders believe the longer the bullish belt hold candle's body, the more reliable the signal. However, traders also consider the reliability of the bullish belt hold to be low. Upward trading activity on subsequent days is required to confirm the reversal signaled by the bullish belt hold. The counterpart to the bullish belt hold is the bearish belt hold.



Rate this Bullish Belt Hold definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: inflation, deferred tax, ex-dividend date, 144a, class C shares, debt service coverage, balance sheet, command economy, stock split, reverse mortgage, wholly-owned subsidiary, average price per share, 1035 exchange, Key Rate Duration, margin rate, VIX, open position, covered put, annual return, per diem, required rate of return, retained earnings, irrevocable trust, risk management, LIBOR, deferred revenue, 401a, in escrow, EBITDA, diluted share, minority interest, FICO score, current ratio, quality assurance, implied volatility, FTSE, APR, dividends payable, labor relations, option premium, cancelled check, stock market close, phantom income, ex-dividend, liquidity ratio, limit order, 1031 exchange, real GDP, Zero Cost Collar


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use