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
QatarQE 28181564.2983.337.300.197.11
PhilippinesPSE 44271861.3666.677.871.096.78
IndonesiaIDX 1761289072.7370.316.411.484.93
Poland GPW 1561107570.5168.185.771.144.63
CanadaCSE 1917989.4752.947.463.004.47
USNASDAQ 134894456370.1059.585.971.834.15
SwedenSTOCKHOLM 60744727373.6461.075.601.703.91
BelgiumBRUSSELS 37221359.4659.
South KoreaKOSDAQ 49432319765.5960.804.991.403.59
DenmarkCOPENHAGEN 88604168.1868.334.160.713.45
ChinaSZSE 1471106068572.0664.624.641.193.45
EgyptEGX 2121367564.1555.154.821.393.43
Hong KongHKEX 100571944171.6461.254.791.453.33
FrancePARIS 37325415068.1059.064.160.993.17
ChileBCS 37211556.7671.433.750.603.15
KuwaitKSE 2416866.6750.003.610.712.90
USAMEX 52937620371.0853.994.051.192.86
ChinaSSE 116780951069.3263.043.780.982.80
BangladeshDSE 26720212575.6661.883.981.182.80
TurkeyBIST 31222612372.4454.424.161.562.60
IndiaBSE 45193361195074.3758.024.381.782.59
IndiaNSE 1885138479373.4757.264.121.532.59
USOTC PINK 2592181095670.7652.134.832.312.52
Austria WIENERBORSE 68432263.2451.164.251.752.50
TaiwanGTSM 80057435072.3860.453.591.112.49
Saudi ArabiaTADAWUL 1481006767.5767.002.890.452.44
OmanMSM 85262.5040.003.000.602.40
IsraelTASE 51535720969.3258.543.551.152.40
JapanTOKYO 1783130480073.1461.353.351.012.35
PakistanKSE 31022913173.8757.213.951.642.31
CanadaTSX 81754830067.0754.743.561.442.12
ThailandSET 37525715268.5359.
Vietnam HOSE 40429216172.2855.143.561.462.10
TaiwanTWSE 89064938472.9259.
SpainIBEX 76583076.3251.722.690.632.07
Vietnam HNX 92643869.5759.383.441.422.02
NorwayOSE 2181608273.3951.253.611.612.00
BrazilBOVESPA 31220912167.3157.622.961.001.96
ArgentinaBUE 2321497964.6652.673.982.141.84
SingaporeSGX 55431678.1837.213.131.441.69
USNYSE 1775123862669.7550.572.851.291.56
PortugalLISBON 97577.7871.431.610.141.47
UKLSE 1726120260369.6450.172.651.201.45
South KoreaKRX 81251627863.6753.772.491.111.38
MalaysiaBURSA 118844671.1954.763.622.251.37
NetherlandsAMSTERDAM 1581116270.2555.862.050.791.26
AustraliaASX 55137818868.6049.742.541.311.22
ItalyBORSA 60341421568.6651.932.221.041.17
GermanyXETRA 85358729868.8250.772.111.101.01
CanadaTSX-V 77552771.4349.093.893.470.42
SwitzerlandSIX 2972119771.0445.971.621.210.41
MexicoBMV 90653372.2250.771.631.520.11
Greece ATHENS 1914773.6850.001.701.650.05
USPREFERRED 2391166.530.630.020.000.02
Vietnam HOSE 110100.
BangladeshDSE 1000.
JapanSAPPORO 1000.
PakistanKSE 111100.00100.
PhilippinesPSE 111100.00100.
RussiaMICEX 1820071.980.
MalaysiaBURSA 1000.
TurkeyBIST 2000.
USFOREX 21050.
JapanNAGOYA 2419879.1742.111.671.90-0.23
UAEUAE 2215568.1833.331.361.61-0.25
USWARRANTS 671080.600.000.000.39-0.39
SwedenSTOCKHOLM 110100.
JapanFUKUOKA 220100.
JordanASE 54080.
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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