Mat Hold Candlestick Pattern

Bullish mat hold pattern it occurs during an uptrend.

Mat hold candlestick pattern. Let s analyse now the following candlestick pattern. The first candle of the bullish mat hold is tall and positive and is followed by three small negative candles. It is followed by another small black or red body that dips a bit further into the white or green candle body. The mat hold candlestick pattern has the look of an upside gap two crows pattern except that the second black or red body third day dips into the body of the large white or green candle.

Bulkowski on the mat hold candle pattern. So if you think you ve spotted the bullish mat hold be sure to examine the formation. The pattern is. You can find it in the variants.

A bullish mat hold is a five candle candlestick pattern that forms in an ongoing uptrend and signals that the trend will continue to be bullish. Mat hold pattern normally it should be a signal of continuation of the current trend. The first candle is long and bullish and continues the uptrend. Bullish and bearish depending on the trend in which is located.

If the pattern doesn t contain the following criteria it can t be classified as a bullish mat hold. The second candle is bearish and gaps up from the first candle. The mat hold candlestick pattern is recognized if. The mat hold candlestick pattern is similar to the rising three methods pattern.

Candlestick patterns bullish mat hold forex forex strategy candlestick source. The last candle is big and bullish and closes above the high of the pattern. In my book encyclopedia of candlestick charts pictured on the right i explore the entire range of candlestick patterns from abandoned babies to windows not exactly a to z but you get the idea in both bull and bear markets using almost 5 million candle lines in the tests. Mat hold is a bullish trend continuation candlestick pattern consisting of five candles.

A pattern found in the technical analysis of stocks that ultimately indicates the stock will continue its previous directional trend bullish or bearish. When a candlestick pattern is rare and not often seen and reviewed it can be forgotten. First an uptrend must be in progress.