Description
Three Black Crows is a bearish trend reversal candlestick pattern consisting of three candles.
The Three Black Crows candlestick pattern is recognized if:
-
Appearing after the uptrend, all the three candles are long and bearish;
-
Each candle's Open price is within the previous candle's body;
-
Each candle's Close price is lower than that of the previous candle.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of candles used to calculate the average body height. If the candle length exceeds this average, it is considered long. |
trend setup
|
The number of preceding candles to check if the trend exists. |
Plots
| Plot | Description |
|---|---|
Bearish
|
The Three Black Crows candlestick pattern. |
For educational purposes only. Not a recommendation of a specific security or investment strategy.
Technical analysis is not recommended as a sole means of investment research.
Past performance of a security or strategy does not guarantee future results or success.