The Bearish Belt Hold candlestick pattern is a bearish reversal candlestick pattern that can form anywhere in an uptrend or a downtrend.
A Bearish Belt Hold candlestick pattern is easily identified due to its lack of an upper shadow.
Listed below are the requirements for a Bearish Belt Hold candlestick pattern.
- It has a shaven top, meaning it has no upper shadow; if it does have an upper shadow, it must be very minuscule in nature
- The share price should close at or near the lows of the trading session
- Most Bearish Belt Hold candlesticks have red-colored real bodies, however, in certain instances, it can also have a green colored real body