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.
Aug 17, 18 05:07 AM
In this lesson we will take a look at the technical developments of OKA Corp's stock price and why it moved the way it did. We will also have a look at what might happen to OKA's stock price.
Aug 16, 18 07:28 AM
In this lesson, we will learn how and why BMY manage to bottom out and start a new uptrend.
Aug 14, 18 08:19 AM
In this lesson we will learn and examine why Pentamaster was able to recover all of its losses to start a new uptrend and achieve new highs.
Aug 13, 18 05:56 AM
The KLCI is currently at resistance territory after a nice big rally. I would consider a sideways trading a possible scenario at the moment.
Aug 13, 18 05:22 AM
In this lesson, we will learn how AAPL's 15 Min stock chart formation help to send the stock higher for 2-3 days to give traders a nice swing trading opportunity.