Stick Sandwich Bearish
The Stick Sandwich Bearish is a bearish reversal pattern represented by three candles. During an uptrend, the first candle is increasing and is followed by a second red candle that closes below the previous low. Finally, the third candle increases again and doesn’t break the previous high, then creating a resistance. The Stick Sandwich Bearish shows how the price loses strength and cannot keep making new highs during an uptrend. Then, encountering a resistance. This resistance ends the upward trend. Therefore, many traders will take this pattern as a signal to close a position or to open a short.