Stay 
The Belt Hold pattern is similar to the opening Marubozu candlestick without the shadow indicating an open price. The Bullish Belt Hold is formed by the opening White Marubozu, which points to a downtrend; while the Bearish Belt Hold is formed by a closing Black Marubozu, which appears during an uptrend. The pattern opens at highs, but then prices move against the market trend and close around lows.
The longer the body of the Belt Hold pattern is, the harder it resists the trend, against which it moves.
Just like other one-day patterns, the Belt Hold becomes invalid if surrounded by many similar candles.
How to determine Belt Hold?
1. One of the candlestick’s ends does not have a shadow.
2. The Bullish Belt Hold opens at a low and lacks a lower shadow.
3. The Bearish Belt Hold opens at a peak and lacks an upper shadow.
Scenario and psychology
A gap takes place in the current trend alongside the trend’s direction during the session’s opening. This whole day the price’s direction will be opposite to the previous trend. On the back of it, many positions could be lost, thus triggering a reversal.
Flexibility
There is no room for flexibility within the Belt Hold pattern as it consists of a single candlestick. This should be a long day in comparison with several preceding days.
The pattern cannot develop due to its one-candle structure.
The Belt Hold pattern is similar to the opening Marubozu as both candles are the first days of many other more complex candlestick formations.
