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Bearish Three-Line Strike Candlestick Pattern
| This pattern signals a potential trend |
Continuation
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| How to identify |
- 1st three days make up the Three Black Crows pattern.
- The last day is a white day that opens below the 3rd day and closes above the 1st day's open.
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| Similar pattern(s) |
» Bearish Three Black Crows
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| Psychology |
The 4th day is a powerful move up which could represent a lot of short covering. Since the reversal has already played out in a matter of one day, the risk is now higher for those who wish to bet on a reversal. The downtrend should resume.
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