It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern. – The First Candle is long and white. – Then there is a Gap Up between the First and Second Candle. – The Second Candle is black, it has a short Real Body; moreover it has the Close above the Close of the First Candle. – The Third Candle can be white or black (It doesn’t matter), but it has a short Real Body. – The Fourth Candle is black, with a short Real Body. – The Second, Third and Fourth Candle represent a decline in prices; moreover their Real Bodies are above the Low of the First Candle. – The Fifth Candle is long and white; it has the Close above the High of the Second Candle.
Bullish and Bearish Mat hold Candlesticks Pattern
– It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern. – The First Candle is long and black. – Then there is a Gap Down between the First and Second Candle. – The Second Candle is white, it has a short Real Body; moreover it has the Close below the Close of the First Candle. – The Third Candle can be white or black (It doesn’t matter), but it has a short Real Body. – The Fourth Candle is white, with a short Real Body. – The Second, Third and Fourth Candle represent a rise in prices; moreover their Real Bodies are below the High of the First Candle. – The Fifth Candle is long and black; it has the Close below the Low of the Second Candle.