Three Black Crows

The Three Black Crows candlestick occurs during a bullish trend and consists of three consecutive long bearish bodies where each day closes at or near its low and opens within the body of the previous day. 

Three Black Crows

Three Black Crows is a bearish reversal candlestick pattern .  Three Black Crows is the opposite pattern of the bullish Three White Soldiers.

 

Three Black Crows Identification

The Three Black Crows candlestick occurs during a bullish trend and consists of three consecutive long bearish bodies where each day closes at or near its low and opens within the body of the previous day.  



Three Black Crows candlestick pattern

Interpretation of Three Black Crows

The Bearish Three Black Crows provides a rather obvious signal of pause in the bullish move. Although one strong bearish candle can be reasonably expected during a bull trend, the second and third days suggest profit taking and consolidation of the bull trend.  Candlestick traders will watch for more bearish or ranging markets to come, but if the candles are too overextended technical traders will work on the assumption that the short term market is oversold.


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