Belt hold line (Marubozu)

A bullish belt-hold line is strong bullish candlestick pattern which opens at the low of session and closes at high of the day or high of  session. Ideally, there is only body in this candle, no shadow.

It shows the strong trend. Practically, there can be small shadows at lower level or upper level which can be ignored. Principle of the concept is still valid  for very small wick at lower or upper end and they show strong bullish session.

The pattern suggest that during the day buyers were willing to sell at every lower price so much so that the price closed at the highest point of the day. We assume that the effect of this pattern will continue in future. It is a good practice to look for prior 4-5 candles if Marubozu candle is higher then previous 4-5 candles the pattern is much stronger.

There can be some small shadows in the pattern from the practical perspective, and can be ignored. These are very important patterns that tells us that the trend (Uptrend or Downtrend) is strong.

Longer the height of the belt-hold line patterns, more significant they become. This name has come from Japanese sumo wrestling term. They are also known as Marubuzo lines.

Similarly, a bearish belt hold line is a strong bearish candle stick pattern which opens at the high and closes at the low of the session. It shows that bears were in complete control during that session.

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