Bearish Three Black Crows
Last updated
Last updated
The Three Black Crows pattern is formed by three consecutive long bearish candles and generally occurs within an uptrend.
These three long bearish candles share two common characteristics. Firstly, their lower shadows are notably short or even absent, denoting sustained seller dominance throughout the trading interval. Secondly, their opening prices are within the body of the previous bearish candle, signifying the sustained strong selling pressure in the market.
The crucial feature is that the closing price of each bearish candle is below the lowest price of the previous bearish candle, directly reflecting the continued strengthening of selling forces.This protracted downtrend serves as a suggestive indication of a potential bearish reversal in the market.