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Bearish Sanpei (three crows) PDF Print E-mail

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.