Although I can’t be sure, I like to imagine that the name of the Bullish Belt Hold candlestick was created as a metaphor for the relationship between a pair of pants and a belt. During a trading session, the price is continuing to fall downward (like a pair of pants), but the presence of a Bullish Belt Hold (a belt) signals that the price (the pants) will be pulled back up. If nothing else, it’s a helpful mnemonic device! If you’re interested in learning more about this bullish candlestick pattern, simply scroll down. We can help you identify it, interpret it, and confirm its significance.
Continue Reading