Forex Dictionary Terms

Belt-hold Line

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A pattern seen in Japanese candlestick charts which represents either a falling or rising price.

A bullish belt-hold is represented by a tall white candlestick which occurs during a downward movement; opening on the day low and closing well above the opening price. The resulting belt-hold is a long white candlestick with a short upper shadow and no lower shadow.

A bearish belt-hold, on the other hand, forms during an upward trend. This black candlestick occurs when the opening price becomes the high for the day, and the closing price is higher than the previous day’s close. As the stock price declines throughout the day, the candlestick builds its long black body and short lower shadow.

Belt-hold Line Candlestick Pattern

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