It forms at the end of a decline or near a support area.
The candle has a long white body and very small or non-existent lower shadow. The session opens near the low and closes near the high of the candlestick.
A long white body at the end of a decline reveals the determination of the bulls to push prices higher.
After a prolonged decline, prices reach attractive levels triggering long positions as a result of buyers entering the market. This causes demand that surpasses supply.
|Supply/Demand||Demand is greater than supply.|
|Trigger||Consider buying if next candle exceeds the high of the Belt Hold.|