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Identical Three Crows Candle Pattern
Identical Three Crows Candlestick: Important Results
Characteristic | Discussion |
Number of candle lines | Three. |
Price trend leading to the pattern | Upward. |
Configuration | Look for three tall black candles, the last two opening near the prior candle’s close. Some sources require each candle to be similar in size, but this one is rare enough without that restriction. |
Identical Three Crows Candlestick: Discussion
If you want a few bones from my Encyclopedia of candlestick charts book, here are three to chew on. The pages refer to the book where the tips appear.
Identical Three Crows Candlestick: Three Trading Tidbits
Shown in the red circle are three tall black candles after a brief upward price trend. The breakout, when price closes below the bottom of the candlestick pattern or above the top of the first candle (including the upper shadow), takes almost a month to occur in this example. Price moves horizontally and then resumes a straight-line run down.
Identical Three Crows Candlestick: Example
Don’t believe everything you think.
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