Glossary · Candlestick patterns

Three black crows

Three consecutive long bearish candles, each opening within the previous body and closing near its low — a picture of strong selling.

By Sky Trade editorial teamUpdated

Three black crows mirror the three white soldiers: three long bearish candles in a row, each opening within the previous body and closing near its low. When they appear after a rise or at the top of a range, the pattern is read as sellers taking over decisively.

Details that change the reading:

  • Candles of similar size with short lower wicks describe steady, orderly selling.
  • Increasingly long lower wicks suggest buyers are absorbing the decline.
  • A third candle far larger than the first two can be a capitulation spike rather than the start of a trend.

The pattern means most when it breaks something — support, a trend line, the floor of a range. In the middle of an existing downtrend, three bearish candles are simply continuation and add little new information.

As with all momentum patterns, the trap is acting at the end. Opening a Lower trade right after the third crow means selling at the most stretched point, where sharp short-term rebounds are common. Waiting for a weak bounce that fails is the more patient alternative. See three white soldiers and three black crows and momentum.

Example

GBP/JPY falls on three M15 candles closing at 191.40, 191.05 and 190.70, breaking support at 191.20 on the second. A rebound to 190.95 fails, and price slides to 190.50.

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