Bearish Belt Hold

The bearish belt hold occurs when a simple "candlestick pattern" occurs that signals that the brakes have been thrown on an upticking value on a share.

A "candlestick" is a type of chart that shows the low, high, open and close price of a share for a specific period (in this case, a day). When the low, high, open and close are all noted down, it maks a long cylinder shape (as you may have guessed, the long cylinder looks like a candlestick). This pattern is several white candlesticks, signaling a steady rise in daily value, then a long black candlestick shape with very little lower shadow, signaling that the share's value has gone down.

This pattern looks for the details of the bear (black) candlestick to specifically be long and have little shadow, because this shows that the loss of value during the day was extreme. Bear in mind (pun intended) that this happening once is not a market change...but it may signal the start of this one, so this candlestick gets Wall Street up and peeking around like prairie dogs out of their burrows.