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 reversal of the trend to the downside in the long
term.
To be a valid 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 as the second candle or larger,
and the closing price of the third candle should be at or near the lowest
price level with little or no wick.
A technical trader may use the Three Black Crows candlestick pattern as an opportunity to open a short position to profit from the next downtrend.
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