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
Ord Oracle

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...

Day Trading Simulator

Tradingsim.com provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for...

Send this article to a friend.

Enter multiple addresses on separate lines or separate them with commas.