Bearish Deliberation Candlestick
In an upward trend two long blue days occur
The third day is a shorter blue candle, such as a spinning top or doji.
The Deliberation, or Stalled Pattern shows a weakening upward trend. After two strong blue days the small body of the third day indicates that the movement is losing momentum. While the pattern predicts a reversal, it is usually not strong enough to create a sell signal; rather it should be used as an indication to liquidate long positions.
Furthermore, this pattern is most significant after long rallies.
Bearish Deliberation Patterns Not Possible in FX Markets.
Deliberation patters require the second day candle to open within the first days candles body. Such a gap in open price of course is not possible in the more efficient 24 hour FX markets. FX Traders will tend to look similar looking bearish Advance Block and bearish Breakaway patterns to suggest the same market psychology and trade signals.
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