What is the Mat Hold Pattern
The Mat Hold is a multiple candlestick chart pattern that consists of five candlesticks. This pattern can signify the continuation of either an uptrend or a downtrend in the market.
Understanding the Mat Hold Pattern
The Mat Hold pattern consists of five candlesticks. If the market is in an uptrend, the first candlestick will be a long bullish candle. The next three candlesticks will reveal a temporary downtrend in the market as they will be short and bearish. However, they will form above the gap of the first candlestick. The fifth candlestick will once again be long and bullish to indicate that the market is in an uptrend. This is vice versa if the market is in a downtrend.