Pattern: Reversal
Trend: Bearish
Reliability: High
How to Identify it
· Three black days occur, each with a close below the previous day
· Each day opens at the close of the previous day
What it Means
In an uptrend three long black days occur that open at the previous day’s close. This pattern is similar to the Three Black Crows pattern but typifies a more severe loss of buying power. A bearish trend is almost certain.