Candlestick chart patterns

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

Mat-Hold Pattern

Mat-Hold Pattern is a multi-candle bullish continuation pattern. Imagine a strong bullish candlestick pattern appears in the uptrend followed by a gap up opening.

The price closes lower in this session and it turns out to be a bearish session. The bearish body of the second candle is relatively smaller and above the bullish body of its previous session.

The price gaps up in the next session, but bulls lose the momentum and price closes lower. This formation of bullish candle followed by couple of bearish candles is similar to the Upside Gap Two Crows pattern. Mat-Hold pattern is an extension to that. In the case of Mat-Hold pattern, it is not necessary that the third bearish candle engulfs the body of its previous candle.

Upside Gap Two Crows pattern indicates the weakness of bulls and shows the possibility of the trend reversal. In the next session, price closes above the high of the third bearish candlestick patterns and registers the bullish breakout that triggers Mat-Hold pattern.

Mat-Hold pattern is a strong bullish continuation pattern that offers the bullish trade opportunity.

There can be two or three bearish candlestick patterns of consolidation. They must remain above the body of the first bullish candlestick pattern followed by the breakout to qualify for the Mat-hold pattern.

The Mat-Hold pattern is strong formation because it shakes out weak traders. The stock is in strong hands and ready to continue to move up.

Click here to learn more about the pattern.

This pattern can be plotted on the chart by adding it from the Add study menu in TradePoint & Patterns in RZone. The pattern is also available in the System Builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

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