Bearish Mat Hold Candlestick Formation
Description
The Bearish Mat Hold candlestick formation is composed of 5 candlesticks, and is a continuation pattern. The first candlestick is a long red candlestick during a downtrend. The next 3 candles are short bodied candles that trade within or near the range of the first long red candlestick. The final candlestick is another long red candlestick whose price pushes below the first candlestick.