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What is Bullish Mat Hold: Bullish Continuation Pattern?

Bullish Mat Hold is a bullish continuation pattern. It is a variation of Rising Three Methods. The pattern comprises of 5 candles. The pattern is said to be potent when it appears in primary up trend. It is opposite of Bearish Mat Hold pattern.

In this pattern, first candle is a long white candle. Second candle gaps up, but closes lower. Third and fourth candles continue to retrace gains, but with less volume. Fifth candle is a large white candle, making a new high.

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