3 Black Crows Candlestick Pattern
A 3 Black Crows candlestick pattern is a group of 3 bearish candlesticks that typically lead to a rapid decrease in a stock's share price. The 3 Black Crows candlestick pattern can appear anywhere in a downtrend.
- When the Three Black Crows candlestick pattern develops at the beginning of a downtrend, it helps to establish the downtrend's footing
- When the pattern develops in the middle of a downtrend, it usually signals that the downtrend is approximately half-way over
- When the pattern develops at the end of a downtrend, it usually signals capitulation by the sellers
The first "Crow" in a 3 Black Crows candlestick pattern could also be another bearish reversal candlestick pattern, such as a Bearish Belt Hold candlestick pattern, a Dark Cloud Cover candlestick pattern or even a Bearish Engulfing candlestick pattern.
Requirements
Following are the requirements for a 3 Black Crows candlestick pattern......
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