Three Black Crows

Three Black Crows enforces every qualification the tradition attaches to its three-candle decline, the first faithful detector of three black crows here. Each crow must print a long dark body against the pre-pattern average, close near its own low, and open inside the prior crow's body, with closes stepping lower after a confirmed advance. Patterns are boxed and labeled.

How to Trade the Three Black Crows?

• Pattern label: an advance met by three qualified crows, one of the stricter entries in the candlestick reversal catalog.
• Identical Three Crows: each crow opened at or near the prior close, the rarer, traditionally more bearish variant, labeled separately.
• Structure break: a third crow closing below the last confirmed swing low is annotated and alerted.
• Bounce levels: dashed lines at the pattern midpoint and first crow's open mark where many traders wait to sell a bounce instead of shorting the stretched third close; each dims once touched.

Three Black Crows Settings

• Body Average Length (default 14) and Long Body Multiplier (default 1.0): the yardstick for long bodies.
• Lower Shadow Tolerance % (default 30): largest lower shadow allowed relative to the body.
• Similar Bodies (default on) with Min % (default 50); Suppress Overlapping Signals (default on).
• Exhaustion Multiplier (default 1.5): a third body at this multiple of the first two's average is annotated as possible short-term exhaustion.
• Require Preceding Advance (default on) with Context Test (default Either) and Context Length (default 14).
• Flag Identical Three Crows (default on) with Open Tolerance % (default 10); Prior Swing Low Break (default on) with Swing Length (default 5).
• Show Bounce Levels (default on) with Watch Window (default 20), plus label, box and context-average toggles.

Frequently Asked Questions

How does the pattern relate to Three White Soldiers?

Why did an obvious run of red candles produce nothing?

What are the bounce levels for?