Mat Hold Pattern

For a better understanding of this article, you should already know what Japanese Candlesticks are and all their features; for this reason, we suggest you to read this introductory article to Japanese Candlesticks: Japanese Candlestick Chart ( So that you can understand also the Ratings given to the Candlestick Patterns for the “quality” of the signal and for their frequency to “appear” on Charts).

Let’s analyse now the following Candlestick Pattern: “Mat Hold Pattern”.

Mat Hold Pattern

– Normally it should be a signal of continuation of the current Trend.

– You can find it in the variants: Bullish and Bearish, depending on the Trend in which is located.

Bullish Mat Hold Pattern

– 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.

Bearish Mat Hold 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.