Catching Belt Thread

The shape of a belt is composed of a single candle line, which may have a bullish or bearish significance. The bullish hunting belt shape is a strong white wrapped candle line, with its opening price at the lowest point of the day (or, alternatively, this candle line only has a very short down shadow), and then the market continues to rise. The bullish belt line is also known as the opening bald (foot) yang line. If the market is in a low price area, as shown in the figure6.25As shown, the emergence of a long bullish belt line indicates the arrival of an upward trend.
Bearish belt shape (as shown in the figure)6.26The candle line shown is a long black candle line, with its opening price at the highest point of the day (or the candle line only has a very short up shadow), and then the market continues to decline. Under the conditions of high price zones in the market, the emergence of bearish belt hunting. Constitutes the top reversal signal. The bearish belt line is sometimes referred to as the opening bald (head) negative line.

The longer the length of the candle line on the belt, the greater the technical significance of this form. In addition, if the belt catching line only appears after the market trend has developed for a long time, then its significance is even more important. The Japanese name for the form of belt catching comes from a term in sumo wrestling: antelope hanging horns. The meaning of this term is' grab the opponent's belt and push him out of the circle '. If the market closes above the black bearish belt line, it means that the upward trend has resumed. If the market closes below the white bullish belt line, it means that the selling pressure in the market is accumulating again.
　Practical Strategies for Catching Belt Threads
Here is an example of a bullish belt line. If there is a belt line shape on the graph, it does not mean that the trend will immediately reverse. Further signal verification is required for operation. As shown in the following figure:

The pattern appears in a stage of gradually easing downward pressure. Although the pattern is followed by a large negative line, the subsequent large positive line verifies the effectiveness of the pattern. At this time, investors can confidently enter the market and go long.

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