Mat Hold Candlestick Pattern

So if you think you ve spotted the bullish mat hold be sure to examine the formation.

Mat hold candlestick pattern.

The pattern is. The mat hold candlestick pattern is similar to the rising three methods pattern. The next two candles are short and form a short term downtrend closing within. Candlestick patterns bullish mat hold forex forex strategy candlestick source.

The first candle is long and bullish and continues the uptrend. Mat hold pattern normally it should be a signal of continuation of the current trend. The second candle is bearish and gaps up from the first candle. Http bit ly 2hmonvq best binary broker list.

First an uptrend must be in progress. 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. Bullish mat hold pattern it occurs during an uptrend. It is followed by another small black or red body that dips a bit further into the white or green candle body.

Mat hold is a bullish trend continuation candlestick pattern consisting of five candles. Bullish and bearish depending on the trend in which is located. The mat hold candlestick pattern is recognized if. Bulkowski on the mat hold candle pattern.

You can find it in the variants. When a candlestick pattern is rare and not often seen and reviewed it can be forgotten. The first candle of the bullish mat hold is tall and positive and is followed by three small negative candles. If the pattern doesn t contain the following criteria it can t be classified as a bullish mat hold.

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. The last candle is big and bullish and closes above the high of the pattern. The book takes an in depth look at 103 candlestick patterns and reports.