The requirements of bearish three black crows candlestick pattern include
- The pattern should be formed after a significant uptrend.
- There should be three long dark candlesticks each closing at a new low.
- The opening price of each candlestick must be within previous candlestick body.
Thee black crows pattern is a modestly reliable candlestick pattern, which best support swing traders and position traders. The reliability of the pattern increases with 1) length of the candlesticks (but extremely lengthy candlesticks can create over-sold conditions), 2) shortening of lower shadow of candles and 3) with increase in trading volume.
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