Bearish Belt Hold

Figure 2. Before the occurrence of Bearish Belt Hold pattern, the market is trying to stop the downtrend by forming the Opening White Marubozu candle that creates the local support zone.
On the chart, you can notice resistance area, within which the Bearish Belt Hold is formed preventing market from further growth. In order to continue the growth, the market would have to close above the Bearish Belt Hold pattern in the following days.
Each scenario is still possible as shown by the next two days after Bearish Belt Hold occurrence. On the third day, the Turn Down pattern is created, which beat the local support formed by the Opening White Marubozu. The market is decreasing and the move is confirmed by the Opening Black Marubozu formed at a high trading volume.

Figure 3. The occurrence of Rising Window pattern is an attempt to attack the resistance line formed by the Black Candle in August. Rising Window pattern creates a support zone, which as it turns out later, will play a significant role in the near future.
The mentioned resistance cannot be successfully broken, and yet another new resistance area is formed by the occurrence of Bearish Belt Hold pattern. It is worth to emphasize that pattern is created by a high trading volume what suggests its strength.
Nevertheless, it turns out that the support zone formed by the Rising Window is working well, changing the market trend into sideways.
The Long White Candle appearance (high trading volume) confirms the previous support zone pushing it even higher.
Then market increases breaking the first resistance area. During the attack on the second resistance line, there is the next occurrence of Bearish Belt Hold pattern being the second line of Bearish Engulfing pattern. The high trading volume that accompanies these patterns shows the determination of the bears. However, in the following days they got weaker and the market defended itself against the declines thanks to the second support zone (Long White Candle).
Two occurrences of the Bearish Belt Hold pattern could not change the market trend for good, but evidently stopped its growth for a long time.
After the first occurrence of Bearish Belt Hold pattern, the market was in consolidation for two weeks. The second instance resulted in a even longer consolidation, which lasted for three weeks.