Identical Three Crows Candle Pattern

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Identical Three Crows Candle Pattern

Identical Three Crows Candlestick: Important Results

 

CharacteristicDiscussion
Number of candle linesThree.
Price trend leading to the patternUpward.
ConfigurationLook 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.Smiley

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