Candlestick pattern - "Grab by the Belt".

This candlestick pattern has many names—Yorikiri, Belt Grab, Clasp—but all of them share a common appearance.

This pattern's formation follows a rather complex pattern, making it quite rare. One of the conditions for its occurrence is the presence of a gap in the direction of the existing trend.

The scenario itself looks like this: first, a fairly large price gap appears in the direction of the existing trend during an uptrend or downtrend. The price then immediately begins to move counter to the existing trend, forming a fairly long candlestick.

Moreover, the resulting candlestick has no shadow on the opening side, meaning that after the new candlestick appears, the price confidently moves counter-trend, which in most cases intensifies panic and spurs a trend reversal.

Another requirement is the length of the emerging candlestick; it must significantly exceed the length of several previous candlesticks on the currency pair chart .

Traders trading on timeframes shorter than D1 should exercise extreme caution, as a "Belt Grab" can be followed by a significant pullback.