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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 222100.00100.0071.000.0071.00
OmanMSM 85262.5040.003.000.602.40
USAMEX 5112270.840.550.140.000.14
NorwayOSE 2001174.500.670.050.000.05
TaiwanGTSM 7492172.
ThailandSET 3631169.700.400.030.000.03
The World 3077022113070.970.600.040.020.03
Vietnam HOSE 3891171.210.360.020.000.02
USPREFERRED 2391166.530.630.020.000.02
AustraliaASX 5171169.440.
IsraelTASE 4711169.000.310.000.000.00
USNYSE 17532269.480.
IndiaBSE 42051174.
RussiaMICEX 2230072.
PortugalLISBON 90077.780.
Poland GPW 1530069.
PakistanKSE 2760073.550.
PakistanKSE 111100.00100.
PhilippinesPSE 410063.410.
PhilippinesPSE 111100.00100.
JapanNAGOYA 230082.610.
JapanFUKUOKA 200100.
KuwaitKSE 230065.
SingaporeSGX 510078.430.
SwedenSTOCKHOLM 5380072.680.
TurkeyBIST 2000.
Vietnam HNX 830067.470.
Vietnam HOSE 110100.
USNASDAQ 13080070.720.
USFOREX 21050.
UKLSE 16570069.
USOTC PINK 23390070.930.
TaiwanTWSE 8130072.
IndonesiaIDX 1570073.
Hong KongHKEX 9540071.490.
Greece ATHENS 170070.590.
FrancePARIS 3560067.980.
SpainIBEX 730076.710.
DenmarkCOPENHAGEN 840069.
GermanyXETRA 8030068.620.
ChinaSZSE 14010072.450.
ChinaSSE 10560069.320.
ChileBCS 320053.
SwitzerlandSIX 2760071.380.
CanadaTSX 7780067.350.
CanadaCSE 170088.
CanadaTSX-V 770071.430.
BrazilBOVESPA 2870066.900.
BelgiumBRUSSELS 340061.760.
BangladeshDSE 1000.
ArgentinaBUE 1470066.670.
NetherlandsAMSTERDAM 1520070.390.
MalaysiaBURSA 1000.
MalaysiaBURSA 1150071.300.
MexicoBMV 930072.
UAEUAE 210061.900.
Saudi ArabiaTADAWUL 1350066.670.
QatarQE 270066.670.
JordanASE 50080.
South KoreaKOSDAQ 4590064.920.
South KoreaKRX 7640063.
JapanTOKYO 16740072.880.
JapanSAPPORO 1000.
IndiaNSE 17910074.
Austria WIENERBORSE 681063.
ItalyBORSA 5731068.590.000.000.01-0.01
BangladeshDSE 2571075.880.000.000.01-0.01
TurkeyBIST 2742071.900.000.000.02-0.02
EgyptEGX 2061064.
USWARRANTS 671080.600.000.000.39-0.39
SwedenSTOCKHOLM 110100.
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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