Three black crows form at the bottom of an uptrend. The pattern is characterized by the change of buyers to sellers.
Three black crows form at the bottom of an uptrend. The pattern is characterized by the change of buyers to sellers. Ravens are called black because black is the classic color for bearish candlesticks. A trend reversal using these patterns works well on daily and weekly charts. It is not recommended to use the pattern on small timeframes.
This trend forms at the end of a bullish trend. The candlestick bodies of the pattern should be quite long. In this case, the first and second candlestick should be approximately the same size, and the body of the third candlestick should be at least not less than the bodies of the two previous candles. The absence of wicks or their incommensurably small length relative to the body of the candle.
You need to be careful with the length of the candlestick bodies. So, if the last candlestick has a smaller body than the second, then the formation is called "inhibition". This does not indicate a trend reversal, but a small correction of the current trend.