Stalled Pattern

A Stalled Pattern is a distinctive formation that can be observed on a candlestick chart when there is an ongoing uptrend, indicating a possible move towards a bearish reversal.

The Stalled Pattern is characterized by three bullish candles that meet specific criteria. The price at which each candle opens and closes should be higher than that of the previous candle. The third candle, on the other hand, has a shorter body than the other two, along with a long upper shadow.

The formation of a bearish reversal is usually signaled when the next candle breaks below the midpoint of the second candle's body. It should be noted that a Stalled Pattern is not necessarily indicative of a bearish reversal. This pattern indicates a temporary decline in bullish strength and a shift in investor sentiment towards negativity.