Mat Hold Bullish
Pattern:
Continuation
Trend: Bullish
Reliability: High
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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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