Belt Hold Bearish

The Belt Hold Bearish Candlestick Pattern Indicator generally signifies a trend reversal for both bear and bull markets, but this specifically is meant to determine bearish trend reversals. Basically, if the candle closed below the opening price, its a Bearish trend reversal. This Indicator works by generating Buy and/or Sell Trade Signals after the pattern has formed.

For more information about this Candlestick Pattern, please check out thepatternsite.com.

Your position determines the trade signal used for this indicator! If you are in a bought position, the trade signal will be a sell signal. If you are in a sold position, the trade signal will be a buy signal. You can set this indicator to produce the signals you want by ONLY enabling those trade signals on the left of the candlestick pattern indicator screen.