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How to identify
The Three Black Crows bear is the counterpart of the Three White Soldiers bull pattern. Occurring during an uptrend, three long black days are stair stepping downward. Each day opens slightly higher than the previous day's close, then drops to a new low. When this occurs three times, a clear message of a trend reversal has been sent. Be careful that this downward progression does not get overextended, that would surely cause some bottom picking from the bulls. The Three Black Crows bear pattern suggests that the market has been at a high price for too long and investors are beginning to compensate for it. The market is in an uptrend and either approaching a top or is at the top. A decisive trend move to the downside is made with a long black day. The next two days are accompanied by further erosion in prices caused by much selling and profit taking. This type of price action has to take its toll on the bullish mentality. BUY "Three Black Crows Bear" Candlestick Chart Indicator add to cart Back to Glossary of BULL and BEAR Candlestick Chart Indicators. For an additional education on Japanese Candlestick Charting techniques, visit our Investment Bookstore and also check out the special pricing section called Fire Sale Books for great deals at the largest collection of Investment Books on the Internet. Click here if you'd like to be advised when the site is updated or refer this web site Home / Company Information / Promotions / TC2005 Candlestick Charts / Gift Certificate / Discount Book Store / Contests / Affiliate Programs / Internet Marketing Resources / Food for Thought ezine / Marketing Food for Thought ezine / Stock Market Info / Art / Telecom Services / Electronic Products / Favorite Links / Free Screensaver / Free Software / Email Updates / Refer This Site / Contact Us / By viewing this web site, you the visitor, agree to our
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