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Three Black Crows pattern | candlestick pattern | strategy | meaning | Indicator | Examples | & more

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(Last Updated On: September 14, 2021)

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Three Black Crows pattern | candlestick pattern | strategy | meaning | Indicator | Examples | & more: Hello…how are you?

Well, today in this article I am going to talk about one of the most famous candlestick patterns i.e Three Black Crows pattern.

So, Keep reading ahead Three Black Crows pattern | candlestick pattern | strategy | meaning | Indicator | Examples | & more

What is Three Black Crows?

Three black crows are a term used by traders to find the possible downturn.

It unfolds across the three trading seasons and consists of three long bearish candles like a staircase.

Each candle should open below the previous day open.

This Candlestick pattern usually comes after a strong uptrend which indicates that the buyers have made enough profit and wants to exit the market.

How to Spot Three Black Crows Candlestick Pattern?

Here, to illustrate Three Black Crows. I am going to use Olymp Trade.

In case you don’t have an Olymp Trade account. click here.

You can also sign up via the form given below.

 

Once you click the link above you will land on the Olymp Trade homepage.

Firstly, click on the register.

Now, enter your email, password & hit sign up.

Once you signed up, you will land on the Olymp Trade dashboard.

Firstly, click on the chart button and select Japanese candlestick from the given menu.

That’s it!!! The basic setup is over.

Now, what you need to do is firstly, find a big uptrend. as three black crows work best after a strong uptrend.

Secondly, find the three red candles where the first candle is small and the following two candles are big just like a downward slope.

How to Trade Three black crows?

Trading with Three black crows is very easy. However, If you want to reap the real result. I will suggest you to use Support & resistance to confirm your trade.

If we see the Three black crows near the resistance level. You should go for a sell trade.

Let’s check few examples::

Given above is a 1-hour chart and we can firstly see a good uptrend and later the three black crows near the resistance level.

So, here we can take a sell trade.

 

Similarly, Given above is a 1-hour chart and we can firstly see a good uptrend and later three black crows near the resistance level.

So, here we can take a sell trade.

Summing Up:

Three Black Crows are the three candlestick patterns used by traders to spot the possible downtrend in the market.

This candlestick pattern is really easy to spot.

Firstly, we need to find a strong uptrend as three black crows work best after a strong uptrend.

Secondly, find the three red candles that are in staircase shape.

Once, you have spotted the three black crows you should also use an alternative indicator and take a sell trade.

This article was all about Three Black Crows pattern, Three Black Crows candlestick pattern,  Three Black Crows candlestick  strategy, Three Black Crows candlestick meaning, Three Black Crows candlestick Indicator, Three Black Crows Examples | & more

I hope you have found this article helpful.

Thank you and best of luck 🙂

 

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