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Mat Hold Bullish
How to Identify it
- The first day is a long white day
- The second day gaps up and is a black day
- The second, third, and fourth days have small real bodies and follow a brief downtrend
pattern, but stay within the range of the first day
- The fifth day is a long white day that closes above the close of the first day
What it Means
The Mat Hold pattern is similar to the Rising Three Methods pattern. In an uptrend,
a long white day occurs, following by three days of small real bodies that fall into a short downtrend. On the
fifth day, the bulls come in strong to close at a new high. It appears that attempts to reverse the trend occurred,
but failed. The upward trend should continue.
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