Candlestick pattern - "Grab by the Belt".

This combination of candles has many names - Yorikiri, Belt Grab, Clasp, but all of the listed models have the same appearance.

The formation of such a combination takes place according to a rather complex scheme, so it is quite rare; one of the conditions for its appearance is the presence of a gap in the direction of the existing trend.

And the scenario itself looks like this: first, in an upward or downward trend, a fairly large price gap (gap) appears in the direction of the existing trend, after which the price immediately begins to move against the existing trend and forms a rather long candle.

In this case, the resulting candle does not have a shadow on the opening side, that is, after the appearance of a new candle, the price confidently moves against the trend, which in most cases increases panic and spurs a trend reversal.

Another condition is the length of the candle that appears; it must significantly exceed the length of several previous candles on the chart of currency pairs .

Traders trading on time frames shorter than D1 should be extremely careful, as a “Grab by the Belt” may be followed by a significant pullback.