Three Black Crows predicts the reversal
"Three black crows is a bearish candlestick pattern that is used to predict the reversal of the current uptrend. This pattern consists of three consecutive long-bodied candlesticks that have opened within the real body of the previous candle and closed lower than the previous candle. Often times, traders use the indicator in conjunction with other technical indicators or chart patterns as confirmation of a reversal." - Investopedia
On the other side, we need to pay attention to the 200 MA on the daily chart. The prices should keep higher to the 200MA to avoid bigger losses. If the prices went below the 200MA, the we can expect a big fall to the downtrend channel.
On the other side, we need to pay attention to the 200 MA on the daily chart. The prices should keep higher to the 200MA to avoid bigger losses. If the prices went below the 200MA, the we can expect a big fall to the downtrend channel.
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