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Technical analysis

Three black crows

Three consecutive long red candles, each closing near its low, each opening within the prior body. Strong bearish reversal/continuation.

What it means

Inverse of three white soldiers: three consecutive long red (black) candles where each opens within the prior body and closes near its low. Sustained selling pressure across three sessions — typical of strong reversal from a high or breakdown continuation. Bulkowski reports ~78% follow-through at major tops.

Why it matters

Three black crows often mark the start of multi-week declines. The pattern captures institutional distribution — three sessions of progressive lower closes with sustained body size shows committed selling, not random profit-taking.

How to use it

Identify at tops or after consolidation breakdowns. Bodies similar size. Lower wicks small (close near low). Entry on third candle close or first bounce. Stop above the first crow's high.

Take it further

Want a worked example or a deeper dive? Ask Rocky how this concept applies to your specific watchlist or trade idea.

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