Three Black Crows Candle Pattern Explained

Three black crows is a bearish three candlestick chart pattern formed by price action closing lower than the open and below the previous day’s low for three days in row. It is created by three long bearish candlesticks that stair step downward. Each candle in the pattern must open below the last days open, in the middle of the previous price range of the last day is ideal. The three candles should all close lower and lower so the last one sets a new short-term low price. This pattern should not have long lower shadows or wicks. The three black crows pattern can signal a strong price action reversal from an uptrend … (full story)

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