empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account
Identical Three Crows (doji sanba garasu)

Identical Three Crows (doji sanba garasu)

The Identical Three Crows is a candlestick pattern indicating a bearish reversal.  It is a special case of the Three Black Crows pattern. The difference is that in the Identical Three Crows, the second and third black days open at the closing level of the previous day. A marginal gap is also possible.

How to recognize Identical Three Crows?

1. Three long candles resemble descending stairs.
2. The opening price of each candle can be equaled to the closing price of the previous session.

Scenario and psychology

The model points to panic sell-offs in the market. The price suffers extra downside pressure. The closing price of each day makes the opening price for the next day. The Identical Three Crows pattern is a sign of weakening purchasing power.

Flexibility

This model is not flexible as it is a particular case of the Three Black Crows.

Similar patterns

The Identical Three Crows is a type of the Three Black Crows pattern.

Identical Three Crows (doji sanba garasu)

Download


Back to the list
You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off