Mat Hold Candlestick Pattern

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Mat hold candlestick pattern.

The pattern is. Bullish mat hold pattern it occurs during an uptrend. So if you think you ve spotted the bullish mat hold be sure to examine the formation. 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.

Mat hold pattern normally it should be a signal of continuation of the current trend. First an uptrend must be in progress. It is followed by another small black or red body that dips a bit further into the white or green candle body. 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.

Candlestick patterns bullish mat hold forex forex strategy candlestick source. The second candle is bearish and gaps up from the first candle. 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. The first candle is long and bullish and continues the uptrend.

When a candlestick pattern is rare and not often seen and reviewed it can be forgotten. The mat hold candlestick pattern is similar to the rising three methods pattern. The book takes an in depth look at 103 candlestick patterns and reports. Let s analyse now the following candlestick pattern.

The next two candles are short and form a short term downtrend closing within. Bullish and bearish depending on the trend in which is located. You can find it in the variants. Mat hold is a bullish trend continuation candlestick pattern consisting of five candles.

If the pattern doesn t contain the following criteria it can t be classified as a bullish mat hold. Bulkowski on the mat hold candle pattern. The first candle of the bullish mat hold is tall and positive and is followed by three small negative candles.