Three black crows candlestick pattern
The bearish three black crows candlestick pattern is considered to be a strong bearish indicator. This candlestick pattern consists of three different days.
Each day on the pattern is a strong down day. The first candlestick opens up and falls down. The next two days the candles open in the body of the last candlestick and close below the bottom of the last candle.
Why does the bearish three black crows candlestick pattern indicate a bearish move? The fact that the bears were able to push the stock down three days in a row indicates that they have a lot of power in the market.
Tip This candlestick pattern is a good indicator that a downtrend is coming especially when it comes after a large rise in price, however it should be used with other indicators to increase its accuracy.
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