A bullish belt hold is a single-candle Japanese candlestick reversal pattern that signals potential buying strength after a downtrend. The candle opens at or near the low of the period, then rallies significantly to close near the high, leaving little or no lower wick (shadow). The long body and absence of a lower wick indicate that buyers took control immediately from the open and sustained upward momentum throughout the session. It is most significant when it appears after a sustained decline and at a key support level.
Example
“A bullish belt hold candle formed at the major support zone on the daily chart, opening at the low and closing near the high with no lower wick.”