The Three Black Crows and The Three White Soldiers Pattern

Three Black Crows Candlestick Pattern

This is a bearish reversal candlestick pattern that forms at the peak of an uptrend.

The pattern consists of three candles which are almost the same length.

The open of each candle is below the open of the previous candle

When Is Three Black Crows Pattern Formed?

The market players expect a trend change by psychological and fundamental factors when the commodity price is at the peak of an uptrend and trading at resistance.

This results in selling activity which gives rise to this pattern.

Three White Soldiers Candlestick Pattern

This is a bullish reversal candlestick pattern that forms at the bottom of a downtrend.

The pattern consists of three candles which are almost the same length.

The opening of each candle is above the opening of the previous candle.

 When Is Three Black Crows Pattern Formed?

The market players expect a trend change by psychological and fundamental factors when the commodity price is at the bottom of a downtrend and trading at resistance.

This results in buying activity which gives rise to this pattern.

This indicates that the commodity trend will make higher highs when all the three candles are present in an uptrend.

Inference From The Three Black Crows And The Three White Soldiers Pattern

Both the patterns are used to identify the trends.

The Three White Soldiers pattern serves us as an entry point.

The Three Black Crows pattern serves us as an exit point.

To ensure that our trading strategy is effective, it’s always recommended to mix and match the patterns and indicators.