Bullish Deliberation Pattern Candlestick Formation
Description
A Bullish Deliberation Pattern, or Bullish Stalled Pattern, candlestick formation is composed of 3 red candlesticks. Each candlestick should have a lower open and a lower close than the previous candlestick. The first 2 candles have relatively long bodies and show an intact downtrend. The third body is short and shows that the bulls are running out of steam, with the bears seeming to slowly take over.