Identical Three Crows
Identical Three Crows is a technical analysis pattern that is used to predict a bearish reversal in the market. It is a three-day candlestick pattern that consists of three consecutive long-bodied black candles that close at or near their lows. This pattern is considered to be a strong indication that the current uptrend is about to reverse and the market is about to enter a bearish trend.
History of Identical Three Crows
The Identical Three Crows pattern was first described by Japanese candlestick charting pioneer, Homma Munehisa, in the 18th century. He used the pattern to identify bearish reversals in the rice markets. Since then, the pattern has been adopted by technical analysts around the world and is now used to identify bearish reversals in all types of markets.
Table of Comparisons
| Pattern | Number of Candles | Color | Closing Price |
|---|---|---|---|
| Identical Three Crows | 3 | Black | Near Low |
Summary
The Identical Three Crows pattern is a three-day candlestick pattern that is used to predict a bearish reversal in the market. It consists of three consecutive long-bodied black candles that close at or near their lows. This pattern is considered to be a strong indication that the current uptrend is about to reverse and the market is about to enter a bearish trend. For more information about this pattern, you can visit websites such as Investopedia, StockCharts, and TradingView.
See Also
- Three Black Crows
- Three Inside Down
- Three Line Strike
- Three Outside Down
- Three Stars in the South
- Dark Cloud Cover
- Evening Star
- Morning Star
- Abandoned Baby
- Harami
