Chandeliers
Stalled Pattern Bearish
The Stalled Pattern Bearish is a bearish pattern represented by three candles. During an uptrend, the first candle is increasing and has a long body. It is followed by a second candle, also increasing and has a shorter body. Finally, the last candle still increases but doesn’t break the previous high, then creates a resistance. The essence of this pattern is that the bullish trend loses positive momentum and creates a resistance that the price is struggling to break. Then, the price is very likely to perform a pull-back or start a bearish trend. Usually, traders use this pattern to sell positions or to open a short.
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