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 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.
Pattern Performance in Stock Exchanges since 1/1/2021
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 222100.00100.0071.000.0071.00
CanadaCSE 24211487.5066.6711.752.369.40
QatarQE 28191767.8689.477.700.127.58
Poland GPW 135966771.1169.796.111.055.06
PhilippinesPSE 44281663.6457.146.311.285.03
DenmarkCOPENHAGEN 89624269.6667.745.510.654.86
IndonesiaIDX 1661227773.4963.115.981.744.24
SwedenSTOCKHOLM 62045727873.7160.835.951.744.21
USNASDAQ 140697859169.6360.376.101.914.20
South KoreaKOSDAQ 47730619664.1564.055.311.184.13
BelgiumBRUSSELS 37241464.8658.334.010.263.75
FrancePARIS 36224214667.4059.844.590.963.63
EgyptEGX 1981287464.6557.814.991.443.55
ChinaSZSE 1493107368171.8763.474.611.243.37
Hong KongHKEX 96066941669.6962.184.771.463.31
ChileBCS 37211656.7676.193.720.523.20
BangladeshDSE 24217911373.9763.
NorwayOSE 2161598473.6152.834.441.512.93
ChinaSSE 122784053068.4663.103.961.072.89
IsraelTASE 53536020867.6657.463.811.152.67
KuwaitKSE 2415762.5046.673.240.682.56
USOTC PINK 28111941101270.5151.064.732.202.53
IndiaNSE 1811131475072.7856.903.931.442.49
JapanTOKYO 1925138384071.8460.743.410.982.44
IndiaBSE 43953264188274.4357.544.211.782.43
Austria WIENERBORSE 68452266.1848.894.221.822.40
OmanMSM 85262.5040.003.000.602.40
The World 33085228951298070.4655.683.811.422.39
SpainIBEX 74532871.6252.832.990.662.33
CanadaTSX 84857832168.1655.543.631.372.26
TaiwanTWSE 92967441072.5560.833.210.982.23
TaiwanGTSM 82258535071.9059.223.481.252.23
Saudi ArabiaTADAWUL 1501037168.6768.932.570.432.15
USAMEX 55638620169.4252.073.491.352.14
Vietnam HOSE 41529616571.3355.743.531.412.11
ThailandSET 37926415369.6657.953.211.182.03
BrazilBOVESPA 30720511766.7857.072.950.952.00
TurkeyBIST 31822311570.1351.573.811.861.95
PakistanKSE 28921512374.3957.213.591.651.94
PortugalLISBON 129675.0066.671.960.111.85
NetherlandsAMSTERDAM 1611136470.1956.642.380.671.71
Vietnam HNX 87593467.8257.633.311.611.70
CanadaTSX-V 79572972.1550.884.643.121.51
ArgentinaBUE 2781759265.8350.273.481.971.50
UKLSE 1713117658168.8849.242.751.261.49
USNYSE 1877128464668.4150.312.701.281.41
AustraliaASX 54036918268.3349.322.531.201.33
SingaporeSGX 61472077.0542.552.671.351.32
GermanyXETRA 80855429868.5653.792.321.081.24
South KoreaKRX 81150325662.0250.892.271.081.18
ItalyBORSA 58439119766.9550.382.231.051.17
MexicoBMV 84583069.0551.721.961.370.58
MalaysiaBURSA 95653268.4249.233.002.620.38
SwitzerlandSIX 29821210071.1447.171.591.230.35
USPREFERRED 2391166.530.630.020.000.02
JapanSAPPORO 1000.
BangladeshDSE 1000.
RussiaMICEX 1820071.980.
PakistanKSE 111100.00100.
PhilippinesPSE 111100.00100.
MalaysiaBURSA 1000.
TurkeyBIST 2000.
USFOREX 21050.
Vietnam HOSE 110100.
UAEUAE 2417770.8341.181.451.49-0.04
USWARRANTS 671080.600.000.000.39-0.39
Greece ATHENS 2116776.1943.751.161.64-0.48
JapanNAGOYA 2616661.5437.501.431.99-0.56
SwedenSTOCKHOLM 110100.
JapanFUKUOKA 331100.0033.330.482.14-1.66
JordanASE 330100.
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© family websites


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