How to identify

1.   An uptrend is under way 2.   The first day is a long white day 3.   The second day gaps up and is a black day 4.   The second, third, and fourth days have small real bodies and follow a brief downtrend pattern, but stay within the range of the first day 5.   The fifth day is a long white day with a gap open and then closes at a new high

With the Mat Hold bull pattern, the market is continuing its rise with a long white day confirming the bullish action. The next day prices gap open and trade in a small range, only to close slightly lower. This lower close (lower than the open) is still a new closing high for the move. The bulls have only rested, even though the price action surely brings out the bears. The next couple of days cause some concern that the upward move may be in jeopardy. These days open about where the market closed on the previous day and then close slightly lower. Even by the third such day, the market is still higher than the open of the first day that was a long white day. An attitude that a reversal has failed develops and prices rise again to close at a new closing high. This fully supports the bull's case that this was just a pause in a strong upward trend. It appears that attempts to reverse the trend occurred, but failed. The upward trend should continue.

The Mat Hold bull pattern is similar to the Rising Three Methods bull pattern. The difference is that the reaction days, two, three, and four are altogether higher than those in the Rising Three Methods bull.

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