Bearish Belt Hold

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Bearish Belt Hold

In candlestick charting, a candlestick indicating a possible turnaround in a bull market. A bearish belt hold occurs after a series of gaining trading days, represented by white candles. The bearish belt hold is a losing trading day, represented by a black candle, in which the opening price is the highest price of the day and the closing price is only a little bit higher than the intraday low, both of which are much lower than the opening price. This is represented by a long candle with no wick (or shadow) at the top and only a short wick (or shadow) at the bottom. Some technical analysts consider this a reversal of the bullish trend, while others believe that it is an unreliable indicator.