Investor Education Story

Financial Indicator

Macroaxis News
  
By Nathan Young

October 30, 2017

Candlestick patterns are great ways to alert yourself to potential shifts in the market. Before going deeper, this particular pattern may be easier to understand if you read over what a marubozu candle is. As you can guess by looking at the title, this particular pattern contains three candles that are similar in nature and signal a potential bearish shift in the market.

Identical Three Crows

Looking at the setup, we begin with the first candle that is long in body and has a minimal upper wick with minimal lower wick. The next candle is exactly the same followed with the third candle. What this typically signifies in the market is that there is bears in the market that are pushing price lower with minimal resistance. What is a good measure to take a look at would be volume levels and the amount of money flowing into the market. This could mean there are more people believing that this move is warranted and others will follow.




Candlestick patterns are not meant to be one hundred percent accurate, but rather an indication that the market may be shifting. Everyone trades and invests in their own way and any addition to your strategy should fit well. MacroAxis has many tools and research help to give you that extra edge that could boost your abilities. The three identical crows is an easy pattern to spot due to the nature of the formation and can allow you to position yourself to succeed.

About Contributor

Nathan Young
   Nathan Young is a Senior Member of Macroaxs Editorial Board - US Equity Analysis. With years of experience in the financial sector, Nathan brings a diverse base of knowledge. Specifically, he has in-depth understanding of application of technical and fundamental analysis across different equity instruments. Utilizing SEC filings and technical indicators, Nathan provides a reputable analysis of companies trading in the United States. View Profile
This story should be regarded as informational only and should not be considered as solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC.

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