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Series 18: Three Black Crows Pattern

Jan 13, 2025

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Series 18:Three Black Crows Pattern


HDFC Bank had been in an uptrend, with buyers consistently driving the stock price higher. However, on one particular day, the stock formed a strong bearish candle, signalling the return of selling pressure and the possibility of a shift in sentiment.

In the next session, the stock opened near the previous close but faced continued selling pressure throughout the day. This resulted in the formation of another bearish candle with a lower close, confirming that sellers were gaining momentum.

The third session reinforced the bearish outlook, forming a third consecutive bearish candle, completing the Three Black Crows pattern.

This three-candle structure signals a reversal from an uptrend to a downtrend.

For traders, the Three Black Crows pattern indicates a probable bearish reversal, suggesting further downside potential. Watching subsequent sessions for confirmation can provide additional confidence before initiating short positions.

Interested to learn more? Join our upcoming webinar on “Chapter 5: Technical Analysis”.

Date Time Topic Link
03-Jan-2025 2.30 pm – 3.00 pm Chapter 5: Technical Analysis Click here to register

Similar concepts:

Technical Analysis | OHLCV | Line Chart | Bar Chart | Candlesticks | Trend Analysis | Candlestick Patterns | Hammer Candlesticks | Doji Candlestick | Bullish Engulfing | Bearish Engulfing | Bullish Harami | Bearish Harami | Morning Star | Evening Star | Three White Soldiers

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