Bullish Belt Hold

Not to be confused with thinking positively about buckling your belt after indulging in a large meal, a bullish belt hold refers to a type of candlestick pattern on charts used by stock market traders.

A bullish belt hold often can indicate a shift to the upside regarding a particular stock. After a period of bearish trends, the stock opens at a price lower than the previous day’s low and then rallies to close near its high. The pattern indicates the price will not fall any further, which is why it’s called a “belt hold.” Assuming you like for your pants to be held all the way up.

A bullish belt hold is more reliable on daily and weekly charts than for longer time periods.