A reinforced Rising Three Methods. After a long bullish candle, three small candles pull back only shallowly, then a strong fifth candle takes a new high. The shallow dip reveals a trend too deep to break, even while it rests.
The Mat Hold is a bullish, five-candle continuation pattern.
After a long bullish candle, three small candles appear and pull back a little. But the pullback is shallow. Without ever breaking the low of the first long candle, price just churns quietly near the highs. Then a strong fifth candle prints, takes a new high, and the advance resumes.
It closely resembles the Rising / Falling Three Methods, another five-candle continuation pattern, but the Mat Hold pulls back even more shallowly and signals a stronger continuation. Where the Rising Three Methods sees the small candles retrace deep into the first candle's body, the Mat Hold holds near the first candle's high and barely gives ground.
How to Read
NASDAQ:AAPL
The word "mat" evokes a support laid firmly beneath the highs, like a mat on the floor. The price zone built by the long bullish candle keeps supporting the small candles that follow from below. Push as it might, price never falls off that mat. That image speaks to the depth of a trend that does not break even while it pauses.
How to Read
NASDAQ:AAPL
Members Only
Full access is reserved for members of the library.