|Bearish Sanpei (three crows)|
Bearish Sanpei (three crows)
Reliability Rating: high
This pattern is intented to singal either a trend reversal or the trend continuation. It consists of three black candlesticks of similar increments and size. It signifies a continuation of the trend.
If the second day gap is lower followed by a third candlestick which opens above the midrange of the second day, this is also considered bearish. (also known as a "down gap three wings").
In the last variation, each black candlestick opens at the close of the previous day. This pattern is extremely bearish and suggests a strong down trend.