- by Anna K.
Bearish belt is a trading pattern the usually forms on the uptrend. Here are the main traits of bearish belt:
- Following a stretch of bullish trades, a bearish or black candlestick occurs;
- The opening price, which becomes the highest for the day, is higher than the closing price of the previous day;
- The asset price declines through the day, resulting in a long black candlestick with a short lower shadow and no upper shadow.