BEARISH BELT HOLD
The chart showing Series 1 series.
To see the performance of the pattern in your stock exchange in the context of other stock markets please examine the table below. Find your stock market there and see how it ranks among the others. This will give you an idea about the pattern’s strength and reliability and help you in your selling decisions.
BEARISH BELT HOLD
Definition
Bearish Belt Hold is a single candlestick pattern, basically, a Black Opening Marubozu that occurs in an uptrend. It opens on the high of the day, and then prices begin to fall during the day against the overall trend of the market, which eventually stops with a close near the low, leaving a small shadow at the bottom of the candle. If longer bodies characterize the Belt Hold, then the resistance they offer against the trend will be even much stronger.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. The market gaps up and opens at its high, and closes near to the low of the day.
3. A long black body that has no upper shadow (a Black Opening Marubozu) is observed.
Pattern Requirements and Flexibility
A Black Opening Marubozu or a Black Marubozu (with no upper or lower shadow) should be seen, and it should open higher than the two preceding white candlesticks.
Trader’s Behavior
The market opens higher, with a significant gap in the direction of the prevailing uptrend. So, the first impression reflected in the opening price is the continuation of the uptrend. However, after the market opening, things change rapidly and the market moves in the opposite direction from there on. This causes much concern among the bulls, leading them to sell many positions, which could reverse the direction of the trend and start a sell-off.
Sell/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross below this level for confirmation.

The stop loss level is defined as the last high. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered.
Title
Pattern Performance in Stock Exchanges since 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USOTCBB 222100.00100.0071.000.0071.00
CanadaCSE 76585.7183.3312.830.0012.83
PortugalLISBON 333100.00100.005.670.005.67
ArgentinaBUE 2514860.0053.337.001.605.40
QatarQE 148557.1462.504.750.504.25
South KoreaKOSDAQ 25217411469.0565.525.221.094.13
IndiaNSE 80561640876.7766.025.101.143.96
ChinaSZSE 49135924873.1269.084.920.993.93
USOTC PINK 74554633173.5660.406.422.503.92
USAMEX 1751317774.8658.784.901.163.74
Poland GPW 79452956.9664.444.711.163.56
RussiaMICEX 81643879.0159.384.270.813.45
FrancePARIS 114855774.5667.063.920.533.39
PakistanKSE 23217511775.4366.864.921.613.31
USNASDAQ 65746327171.2357.914.271.083.19
MalaysiaBURSA 97754477.3258.673.960.803.16
TurkeyBIST 106734868.8765.754.261.183.08
Hong KongHKEX 51238421875.2056.623.981.172.81
IndiaBSE 2021154193776.2560.804.481.682.79
Vietnam HOSE 129936072.0964.523.570.812.76
KuwaitKSE 128366.6737.503.380.632.75
IsraelTASE 1971187059.9059.323.620.882.74
The World 125909070536472.1459.063.871.242.62
Vietnam HNX 48322066.6762.503.591.032.56
TaiwanGTSM 37628818476.6063.893.601.052.55
JapanTOKYO 70747828467.6159.413.381.042.35
SwedenSTOCKHOLM 2131457868.0853.794.372.052.32
South KoreaKRX 37426116569.7963.223.140.832.31
BelgiumBRUSSELS 1812666.6750.004.832.582.25
SpainIBEX 42291969.0565.522.690.452.24
NorwayOSE 48381879.1747.373.391.162.24
CanadaTSX 31622912372.4753.713.120.892.23
EgyptEGX 123824366.6752.443.601.432.17
ChinaSSE 30321612171.2956.023.171.072.10
SingaporeSGX 3521960.0042.862.950.902.05
OmanMSM 21150.00100.002.000.002.00
Saudi ArabiaTADAWUL 28211275.0057.142.710.761.95
TaiwanTWSE 32323716573.3769.622.540.631.91
USNYSE 61041521168.0350.842.450.711.73
IndonesiaIDX 56392069.6451.283.231.561.67
JapanNAGOYA 19161284.2175.002.500.941.56
GermanyXETRA 136975371.3254.642.220.661.56
UKLSE 62541220066.0848.432.410.911.50
Greece ATHENS 1210683.3360.002.300.901.40
ThailandSET 95683671.5852.942.310.971.34
ChileBCS 106460.0066.672.331.001.33
BangladeshDSE 118934978.8152.692.831.561.27
NetherlandsAMSTERDAM 44291665.9155.171.590.551.03
JapanFUKUOKA 553100.0060.001.000.200.80
USPREFERRED 106713866.9853.521.070.380.69
DenmarkCOPENHAGEN 129475.0044.441.891.440.44
MexicoBMV 68482570.5952.081.381.150.23
AustraliaASX 1521015266.4551.491.891.700.19
BrazilBOVESPA 61431872.1340.911.611.430.18
CanadaTSX-V 33241172.7345.832.382.210.17
ItalyBORSA 2832149775.6245.330.730.700.04
SwitzerlandSIX 71532874.6552.831.361.340.02
TurkeyBIST 2000.000.000.000.000.00
PakistanKSE 111100.00100.000.000.000.00
PhilippinesPSE 111100.00100.000.000.000.00
MalaysiaBURSA 1000.000.000.000.000.00
JapanSAPPORO 1000.000.000.000.000.00
Austria WIENERBORSE 108580.0062.501.131.25-0.13
PhilippinesPSE 2016880.0050.002.562.69-0.13
JordanASE 332100.0066.670.671.00-0.33
SwedenSTOCKHOLM 110100.000.000.001.00-1.00
Patterns Total: How many of this particular pattern has been detected in this period
Confirmed Total: How many of the detected patterns were confirmed and converted into signals
Profitable Signals: The number of the confirmed patterns that have given profitable trades
Confirmation %: The percentage of the confirmed patterns with respect to the total occurrences of this pattern
Profitable Signal %: The percentage of the successful confirmed patterns with respect to the total confirmed patterns
Per Trade Profit %: Total Profits / Total Trades
Per Trade Loss %: Total Losses / Total Trades
Per Trade Net%: (Total Profits–Total Losses) / Total Number of Trades
Samples: Live sample ticker symbols from stock exchanges with links to stock pages of the related bulls.com© family websites

Disclaimers:

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.