Three black crows

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    Three black crowsThe three black crows pattern is formed when three bearish candles follow an uptrend or a ranging period. The pattern indicates a reversal and is considered to be a strong, bearish signal.

    The three black crows pattern usually has three long candles (1), one after the other, of equal length.

    The candles close below the previous period’s low.

    In the equities market, the candle ideally opens up in the middle of the previous period.

    Three black cows