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Three black crows signal a bearish trend from "summary" of Japanese Candlestick Charting Techniques by Steve Nison
When three long black candlesticks show up in a row, a bearish trend may be on the horizon. These three black crows can be a sign that the bears are in control, and that the market sentiment is turning negative. It is essential to pay attention to these three black crows as they could indicate a potential reversal in the current trend. Each of the three black crows should have a long body with little to no wicks on either end. This signifies that the bears were able to keep control throughout the entire trading period, pushing prices lower and lower. The absence of wicks suggests that there was little to no buying pressure to counteract the selling pressure from the bears. The close of each black candlestick should be near the lo...Similar Posts
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