The three black crows candlestick pattern is a bearish reversal pattern that often appear at the end of a bull run. This bearish candle pattern is made up of 3 large bearish bar that closes lower than the previous bar.
The diagram above shows how the pattern looks like. The stock will be in an uptrend or has run up quite a lot. Then a bearish candle appears. The next day, another bearish candle appear and closes lower than the previous candle. The 3rd day another bearish candle appears to complete the pattern. The stock will usually drift down and collapse after the pattern appears.
The chart above shows ULTA which had a nice gap up and bullish candle around mid October. Then a bearish candle appeared with another 2 forming and closing below the previous candles. This pattern was completed and look at how the stock drifted lower from there.
Mar 23, 21 08:25 AM
This week let us take a look at the SPX and TSLA. See what we can learn from their charts.
Mar 19, 21 05:24 AM
In this week we will have a look at Bitcoin, ETN and MAT, SPX and QQQ and see what we can learn from its chart.
Mar 09, 21 08:33 AM
In this week's lesson, let's take a look at bitcoin and makita.
Mar 03, 21 09:48 AM
In this week we will take a look at BRX and KIM and see what we can learn from the charts.
Feb 25, 21 07:54 AM
In this week we will have a look at VUZI, KSS, PBCT, CBRE, SPG, KPOWER and the lessons from their chart.