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 1/1/2017
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 108680.0075.0014.131.7512.38
UAEUAE 106560.0083.337.830.007.83
QatarQE 22151068.1866.675.070.404.67
IndonesiaIDX 114835172.8161.455.601.284.33
NorwayOSE 119904975.6354.445.291.044.24
SpainIBEX 92674272.8362.694.600.823.78
USNASDAQ 122684851269.1760.385.271.503.78
ChinaSZSE 71951031970.9362.555.231.453.77
Poland GPW 1501026868.0066.675.341.663.69
South KoreaKOSDAQ 42427517565.3363.184.721.113.61
ArgentinaBUE 43231353.4956.525.702.173.52
FrancePARIS 28321313475.2762.914.090.783.31
ChinaSSE 45530317966.5959.084.481.193.28
TaiwanGTSM 64746429871.7264.224.351.173.17
RussiaMICEX 92683873.9155.883.900.783.12
IndiaNSE 1441106465373.8461.374.511.403.11
PakistanKSE 29622113374.6660.184.891.813.08
USAMEX 35725914372.5555.214.431.413.02
Hong KongHKEX 78556832472.7456.744.301.293.01
IndiaBSE 30862289136574.1759.634.821.833.00
Austria WIENERBORSE 47362276.6061.114.441.472.97
SwedenSTOCKHOLM 36725214068.6655.564.631.692.94
IsraelTASE 34621912663.2957.534.111.192.92
EgyptEGX 2121407966.0456.434.141.392.75
TurkeyBIST 1991449272.3663.893.921.222.71
Vietnam HOSE 2161569872.2262.823.540.842.71
JapanTOKYO 1948138383571.0060.383.681.012.68
BelgiumBRUSSELS 3020966.6745.003.851.252.60
Vietnam HNX 58392567.2464.103.490.902.59
The World 2382016890962470.9656.944.001.432.57
OmanMSM 85262.5040.003.000.602.40
USOTC PINK 1718123363872.1251.495.262.912.35
CanadaTSX 71249026668.8254.293.331.092.24
DenmarkCOPENHAGEN 57412071.9348.783.561.342.22
TaiwanTWSE 74153432872.0661.423.000.792.22
USNYSE 130990548269.1453.263.161.042.12
MalaysiaBURSA 1331045778.2054.813.761.742.02
PortugalLISBON 997100.0077.783.441.442.00
BangladeshDSE 1981599080.8156.253.561.621.94
PhilippinesPSE 40301975.0063.333.701.771.93
Saudi ArabiaTADAWUL 64482775.0056.252.580.691.90
ThailandSET 1931427573.5852.823.091.311.78
South KoreaKRX 67944024764.8056.142.951.211.73
KuwaitKSE 1911457.8936.362.731.001.73
BrazilBOVESPA 134884665.6752.272.851.221.64
UKLSE 142496547667.8449.282.621.131.50
USPREFERRED 2741789164.9651.122.220.801.42
Greece ATHENS 1612875.0066.672.251.081.17
GermanyXETRA 46334216673.8748.542.421.291.13
NetherlandsAMSTERDAM 91602765.9345.001.920.801.12
AustraliaASX 32123512573.2153.192.291.281.01
ItalyBORSA 52638017972.2447.111.730.890.84
MexicoBMV 113834073.4548.191.521.120.40
SingaporeSGX 77541770.1331.481.521.280.24
JordanASE 32166.6750.001.501.500.00
JapanSAPPORO 1000.000.000.000.000.00
TurkeyBIST 2000.000.000.000.000.00
USFOREX 110100.000.000.000.000.00
USWARRANTS 2000.000.000.000.000.00
PhilippinesPSE 111100.00100.000.000.000.00
MalaysiaBURSA 1000.000.000.000.000.00
PakistanKSE 111100.00100.000.000.000.00
JapanNAGOYA 23191282.6163.161.741.84-0.11
JapanFUKUOKA 65283.3340.001.201.40-0.20
SwitzerlandSIX 1621184772.8439.831.541.86-0.31
ChileBCS 1911457.8936.360.821.45-0.64
CanadaTSX-V 45291564.4451.726.697.52-0.83
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.