Chandeliers
High-Wave Bearish
The High-Wave Bearish is a bearish pattern represented by one candle. It has a small body, long wicks and its close is below its opening, so it slightly decreases. It has a small body, long wicks and its close is below its opening, so it slightly decreases. This one-candle pattern represents indecision in the market but with higher probabilities to go down since the bears won the fight and the candle closed below its opening price. The High-Wave Bearish usually leads to bearish reversals or continuations of the price. Therefore, if selected in your strategy, it would signal sells when it’s spotted in the chart. Basing a strategy only on one candle patterns can be risky. However, you can easily select other indicators to get stronger sell points.
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