Candlestick Patterns

Stalled Pattern Bullish

The Stalled Pattern Bullish is a bullish pattern represented by three candles. During a downtrend, the first candle is decreasing and has a long body. It is followed by a second candle, also decreasing and with a shorter body. Finally, the last candle still decreases but doesn’t break the previous low, then creates a support. The essence of this pattern is that the bearish trend loses negative momentum and creates a support that the price is struggling to break. Then, the price is very likely to perform a pull-back or start a bullish trend. Usually, traders use this pattern to buy an asset.

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