This article has been translated from English to Gen Z Slang.
A Bullish Belt Hold, aka “yorikiri” in the land of sushi and samurais, is a solo Japanese candlestick pattern that vibes like, "yo, trend's about to flip from sad to rad.” 📈
Just like the Marubozu squad, the candle's deets are all about size because those little shadow things (or wicks) are basically ghosts. 👻
Happening after a sad line-up of downtrends, the Bullish Belt Hold pops up like, "Here I am!" and tbh, it's pretty basic to spot. To catch this vibe, peep these criteria:
- A whole moody downtrend has to come before our candlestick hero.
- After the emo stretch of candlesticks, a happy (white) candlestick has to show up.
- The pattern's gotta be a long white candlestick with a teensy upper shadow (or nah, no upper shadow at all).
- The candlestick should be ghosting that lower shadow thing hard. ✌️
The Bearish Belt Hold is basically the evil twin of the Bullish Belt Hold, showing up as a lone black candle after a good vibes uptrend. 🙃
Meaning
The Bullish Belt Hold candle kicks off the day at the lowest low of the session. 🚀
While trading's poppin', the price does a victory lap and finishes at (or super close to) session highs, showing off a white candlestick.
The candle's base level is the opening price, the top of the candle shows where the party ended (closing price), and that upper wick top is the baller price of the session. 💸
The Bullish Belt Hold’s main gig is to drop hints of a trend flip, from the gloomy bearish to the sunny bullish. ☀️
To channel your inner Sherlock on a Bullish Belt Hold candlestick, peep these deets:
- The longer the candle, the more it's flexing potential for a scene change. 💪
- To seal the deal, the pattern should get a high five from a following bullish candlestick. 🔥