THREE BLACK CROWS - ONE OF THE MOST POWERFUL REVERSAL PATTERNS

"THREE BLACK CROWS - The bearish three black crows reversal pattern starts at or near the high of an uptrend, with three black bars (in our example bars are red) posting lower lows that close near intrabar lows. This pattern predicts that the decline will continue to even lower lows, perhaps triggering a broader-scale downtrend. According to Bulkowski, this pattern predicts lower prices with a 78% accuracy rate."

THREE BLACK CROWS is a one of the most powerful candlestic patterns. Search for it on the internet to read about it.

Disclaimer: This information is for entertainment purpose only and may be incorrect. It should not be relied upon or construed as a recommendation to buy or sell securities.

Note

This pattern is essentially somewhat equivalent to a huge gap down opening. Regular gaps are created after market closes by S&P futures trading, so you can't see the price action on the regular S&P Index chart, but the continuous price action is there in the futures chart. So, these three down candles could be possibly interpreted as a huge gap created in a slow motion that was actually registered in the index chart during the daily trading session. Kind of a similar effect. Quite negative.

Note

Correction: Yes, futures can have gaps too, but they are only registered for a limited time when futures are not trading.

Note

We are fighting 50-Day moving average now. The lowest bar looks like a hammer, so this is the doubting factor, but any retracement should be small. As we know nothing is guaranteed.

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