Three Black Crows Forex Candlestick Patterns
In technical analysis, the Three Black Crows candlestick pattern is a reversal pattern. It forms at the peak of an uptrend. The pattern has three candles. All three of the candles are long and bearish. The candles are almost the same length. The open of each candle is below the open of the previous candle.
When the stock is at the peak of an uptrend and trading at resistance, the market participants anticipate a change in trend due to psychological or fundamental reasons. As a result, they tend to sell the stock. This selling activity forms the Three Black Crows pattern. #Forex Candlestick Patterns