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Improve Your Market Timing: The Bullish Belt Hold Candlestick Pattern

By markettamer
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  • The pattern begins with a gap to the downside in the direction of the existing trend.
  • The stock immediately trades up and the low of the day is the opening gap.
  • The candle is white with no wick to the downside.
  • The longer the real body, the more likely a reversal is to occur.

Follow the Trend and Win

We could slow the recent descent at this level. The market could really go either way right now so we just need to follow and profit.

Dow

 

S&P 500

 

Nasdaq

 

 

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Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

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