Bearish Mat Hold: Bearish Continuation Pattern

Bearish Mat Hold pattern is a variation of the Falling Three Method. It is comprised of 5 candles. It is considered to be very potent when it appears in primary up downtrend.

August 24, 2011 / 11:08 IST

Bearish Mat Hold pattern is a variation of the Falling Three Method. It is comprised of 5 candles.

In this pattern, first candle is a long black candlestick in a downtrend. Second day candle is a white one, which gaps down. Third and fourth day candles continue to retrace losses from the first candle, but with lower volume. Fifth candle is a large black candle, which makes a new low.

first published: Aug 18, 2011 05:12 pm

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