Candlestick chart patterns

Back to main page
Bearish Counter-Attack Lines
Bearish Engulfing Pattern
Bearish Harami
Bearish Hikkake Pattern
Bearish Multi-Harami Pattern
Bearish Separating Lines
Bearish Star
Belt hold line (Marubozu)
Belt-Hold line-Yorikiri-Bearish Pattern
Belt-Hold line-Yorikiri-Bullish Pattern
Bullish Counter-Attack Lines
Bullish Engulfing Pattern
Bullish Harami
Bullish Hikkake Pattern
Bullish Kicker Candlestick Pattern
Bullish Multi-Harami Pattern
Bullish Separating Lines
Bullish Star Pattern
Butterfly Doji
Channels
Coiling Inside Bar
Cup and Handle
Dark Cloud Cover Pattern
Doji Pattern
Doji Star Candlestick Pattern
Double Inside Bar
Downward Gap Tasuki
Flags and Pennants
Gravestone Doji
Hammer & Hanging man Pattern
Head and Shoulders and Inverted Head and Shoulders
Inverted Hammer & Shooting Star Pattern
Ladder Bottom
Ladder Top
Long-legged Doji
Mat-Hold Pattern
Mega Bearish Engulfing
Mega Bullish Engulfing
Multi Inside Bar
Negative Bias Candle
Piercing Pattern
Positive Bias Candle
Raindrop
Rickshaw-man Doji
Rounding Bottom
Side-by-side Green lines - Bearish
Side-by-side Green lines - Bullish
The Evening Star
The Falling Three Pattern
The Morning Star
The Rising Three
Three Advancing Soldiers
Three Black Crows Pattern
Three Inside Out Pattern - Bearish
Three Inside Out Pattern - Bullish
Three Line Strike Pattern - Bearish
Three Line Strike Pattern - Bullish
Three Outside Up Pattern - Bearish
Three Outside Up Pattern - Bullish
Three River Bottom Pattern
Trend Angles: 45 Degree Trendline
Trendlines
Triangles
Upside Gap Two Crows
Upward Gap Tasuki
Wedges: Rising and Falling Wedges
Windows

Belt-Hold line-Yorikiri-Bullish Pattern

The Bullish Belt-Hold patterns stand out due to their simplicity and reliability. They are also called the yorikiri pattern.

“Yorikiri” is a term used in sumo wrestling to describe a winning technique. It translates to “force out” in English. This manoeuvre involves a wrestler (rikishi) grabbing their opponent’s mawashi (belt) and using forward momentum to push them out of the dohyo (ring).

A Belt Hold pattern is a single candlestick formation that signals a potential reversal in market trends.

A Bullish Belt Hold pattern typically appears at the bottom of a downtrend, suggesting a potential reversal to the upside. It forms when:

  1. The market opens at or near the session’s low.
  2. The price moves higher throughout the session.
  3. The candle closes near the session’s high, resulting in a large green/blue (bullish) body.

The absence or minimal presence of a lower shadow indicates that buyers controlled the price from the open to the close.

The Bullish Belt Hold pattern signifies strong buying interest from the market opening. The lack of a lower shadow indicates buyers did not allow the price to dip much, demonstrating their confidence and strength. When this pattern emerges, it suggests that the previous downtrend might be losing momentum, and a bullish reversal could be imminent.

Traders often look for confirmation before acting on a Bullish Belt Hold pattern. This can include:

Waiting for a subsequent bullish candle to form, confirming the reversal.

Checking for increased trading volume during the formation of the Belt Hold pattern, which adds credibility to the signal.

Other technical indicators, such as RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) can corroborate the reversal signal.

Open Demat Account