How To Trade The Black Crows Pattern
Criteria
• Market in uptrend
• Three long black candles (or red)
• Open of last two within, or below, prior black real bodies
• Each candle closes at, or near, its low
Market Implication
Top reversal
Support or Resistance
Not used as resistance
How To Trade:
1) Right after completion of 3rd red/black candle place a sell order with stop loss and target.
Noted chart example would have taken 4-5 hrs to hit target, with an almost 1:3 risk and reward setup.
• Market in uptrend
• Three long black candles (or red)
• Open of last two within, or below, prior black real bodies
• Each candle closes at, or near, its low
Market Implication
Top reversal
Support or Resistance
Not used as resistance
How To Trade:
1) Right after completion of 3rd red/black candle place a sell order with stop loss and target.
Noted chart example would have taken 4-5 hrs to hit target, with an almost 1:3 risk and reward setup.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.