Mat Hold Bullish The Mat Hold Bullish candlestick pattern is formed by five candles. Here’s how to identify the Mat Hold Bullish candlestick pattern: Initially, you want to see a big green candle Followed by a gap and three small red candles The red candles don’t break the low of the first green candle Finally, another big green candle, closing above the other candles It looks like this on your charts: