Three Black Crows Candlestick Pattern - Bearish Pattern
The opposite of the above Three White Soldiers candlestick pattern. This Three Black Crows candlestick pattern consists of three long-bodied bearish candles after an uptrend which indicates a long-term downtrend reversal.
To be a correct pattern:
The body of the second candle should be longer than the first, and close near its bottom with little or no wick.
The body of the third candle should be the same size or larger than the second candle, and the closing price of the third candle should be at or near the low of the price with little or no wick.
A technical trader might use the Three Black Crows candlestick pattern as an opportunity to open a sell position with the aim of profiting from the next downtrend.
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