Technical Definition
A single-candle bearish reversal pattern where the market opens at its high and declines strongly, closing near the low. This signals immediate and sustained selling pressure from the opening bell.
Buyers expect continuation at the open, sellers immediately take control, and price never recovers upward.
Sellers entered aggressively at the open.
Market Psychology
Sentiment
Market is in an uptrend Buyers are confident Optimism dominates sentiment
Hope
Price opens at the high Bullish sentiment appears intact Buyers expect further upside
Rejection
Sellers enter aggressively Buying pressure is absorbed instantly Price declines steadily without retesting highs
Shift
Sellers close price near the low Buyers are completely overpowered Sentiment shifts bearish suddenly
Pattern Anatomy
Long bearish real body
Strong downward momentum throughout the session.
Open at or near high
No upper shadow, indicates immediate supply.
Close near low
Sellers maintained control until the end.
Pattern Rules
Appears after a rally or uptrend
Reversal context.
Open at or very near the high
Immediate weakness.
No upper shadow (or extremely small)
No hesitation.
Real body is relatively long
Conviction.
Closes significantly lower
Momentum.
Signal Confirmation
- A bearish candle following the Belt Hold
- Price holding below the midpoint of the Belt Hold
- Confluence with resistance zones
- Trend exhaustion signals