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Mat Hold Bullish


Pattern: Continuation
Trend: Bullish
Reliability: High

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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