Learn to identify and trade using three black crows candlestick pattern on IQ Option !

In my previous article, I have covered three white soldiers and the three black crows is just the opposite. In this article, I will cover how to use three black crows on IQ Option properly. This type of candlestick pattern appears very rare and therefore, it is very important to analyse and trade with the pattern properly.

ABOUT THREE BLACK CROWS

• Three black crows is a bearish reversal pattern that signals the upcoming trend reversal.
• This pattern is a three candlestick pattern. where the first candle is small second candle is slightly big and the third candle is bigger.
•  This candlestick pattern is mostly used with indicators like RSI and stochastic.
• The signal from the pattern will be considered even more stronger if it comes after a strong uptrend or appears near the resistance level.

HOW TO FIND THE THREE BLACK CROWS CANDLESTICK PATTERN ON IQ OPTION

The three candlestick pattern is a very popular pattern that appears very rare and therefore this pattern is highly profitable. This pattern represents the active participation of sellers who are trying their best to push the market down. This pattern is really easy to identify as it appears like a staircase in a downtrend. The first candle in this pattern is a small bearish candle the second candle is a bit bigger with a close near the low. and the third candle is bigger than the second candle with close near the low of the previous candle with a small wick or shadow.

HOW TO TRADE WITH THREE BLACK CROWS ON IQ OPTION

Given above is an 8 hour chart of GBP/ USD. and we clearly see a strong uptrend and later a three black crows pattern just like a staircase in a downtrend and here we can open a sell trade. This trend will be even more stronger if it appears near the resistance level.

HOW TO USE THREE BLACK CROWS IN TRADING ON IQ OPTION TRADING PLATFORM

So, identifying the three black crows pattern is so easy. The three black crows pattern will be considered stronger if it appears near after the uptrend. It represents that the uptrend is exhausted and buyers won’t be able to handle market domination anymore. Therefore, you can place multiple trades and make big bucks using this pattern.