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Mat Hold Technical Analysis Patterns
Bullish Mat Hold
Bearish Mat Hold
The Mat Hold pattern is a bullish continuation pattern. It suggests a resting area for the current trend before moving forward.
It is identified when a long candle is followed by 4 candles: the 1st candle gaps above (in an uptrend) the previous candle while the next two candles have lower lows and lower highs (in an uptrend); the 3rd candle closes above the range of the previous 4 candles.
It is identified when a long candle is followed by 4 candles: the 1st candle gaps above (in an uptrend) the previous candle while the next two candles have lower lows and lower highs (in an uptrend); the 3rd candle closes above the range of the previous 4 candles.
