Identical Three Crows candlestick pattern

The Identical Three Crows is a bearish candlestick pattern that typically forms during a downtrend. It consists of three consecutive long bearish candlesticks, each opening at or near the close of the previous candlestick and closing at the lowest price of the previous candlestick.

This pattern can be considered an even stronger bearish variation of the Three Black Crows pattern. Each of its candlesticks opens at or near the previous candlestick close, while in the Three Black Crows pattern the candlesticks open within the red body of the previous candlestick.

The Identical Three Crows pattern reflects a strong bearish sentiment in the market. This pattern shows how the bulls react aggressively after an uptrend and push the price down. It is considered to be a rarely occurring candlestick pattern.

Construction

1st

• candle in uptrend
• red body

2nd

• red body - similar to 1st candlestick
• opening price at or near prior close^①
• close lower than 1st candlestick

3rd

• red body similar to 1st and 2nd candlesticks
• opening price at or near prior close^①
• close lower than 2nd candlestick

Traders can use volume and technical indicators to confirm the formation of this candlestick pattern.

It may also be a good opportunity for traders to take a short position after the formation of this bearish candlestick pattern (not trading advice).