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Three black crows
Three black crows is a bearish reversal pattern. It consists of three bearish candlesticks of large size, which are sequentially lined up in the form of a ladder. Each of the three candlesticks should be relatively large in size with no or small shadows.
This is a trend reversal pattern that should only be considered when it appears in an uptrend. Three Black Crows usually indicates weakness in an uptrend and indicates the potential emergence of a downtrend.
To identify the Three Black Crows pattern, look for the following criteria:
-The market must be in an uptrend.
-Three long bearish candles must appear on the chart.
-Each of these candles must open below the opening of the previous candle.
-Each candle should establish a new short-term low.
-The candles have very small (or non-existent) shadows.
The bulls had the advantage in the market, but now the bears are pushing the price down.