Bullish Mat Hold Candlestick

Bullish Mat Hold Candlestick Formation


The bullish mat hold is a variation of the rising three methods.  The formation is comprised of 5 candlesticks.  The bullish mat hold is an extremely bullish setup due to its complexity and rarity.   This pattern is most powerful when it occurs in the context of primary up trend.  The bullish mat hold is the exact opposite of the bearish mat hold formation.

Bullish Mat Hold Candlestick Setup


Below are the details of the candlestick structure for the bullish mat hold formation:
  1. The first candlestick in the formation is a long green candlestick
  2. The second day gaps up with a lower close
  3. The third and fourth days continue to retrace gains from the first candlestick with light volume
  4. The fifth candlestick is a large green candlestick which makes a new high
Bullish Mat Hold Candlestick Formation

Tim Ord
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Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

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