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🔶️🔥THREE BLACK CROW CANDLESTICK PATTERN🔥🔶️
📊Three Black Crows pattern is a Japanese candle pattern. This is a warning signal about the upcoming downtrend. It usually appears after an uptrend and consists of three red bearish candles in a row.
Three Black Crows consists of 3 candlesticks.
🔶️⭕️First candlestick: is a red bearish candle.
🔶️⭕️Second candlestick: is also a red candlestick.
It has an opening price laid within the first candlestick, with a short or without a shadow.
🔶️⭕️Third candlestick: is a red candle again. It has an opening price laid within the second candlestick. Its closing price is close to the lowest price of the candlestick.
📊The price always creates the Three Black Crows pattern at peaks. It alerts traders that a downtrend is about to take place.Or sometimes the market is moving sideways. Suddenly, this candlestick pattern appears, indicating that the price will collapse and form a downtrend.
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