Identical Three Crows

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Figure 1.

Figure 1. Identical Three Crows pattern.

Japanese name: doji sanba garasu
Forecast: bearish reversal
Trend prior to the pattern: uptrend
Opposite pattern: none
See Also: Three Black Crows

Construction:

  • First candle
    • a candle in an uptrend
    • black body
  • Second candle
    • black body
    • the opening price at or near the prior close
  • Third candle
    • black body
    • the opening price at or near the prior close

 

The Identical Three Crows is a three-line bearish reversal candlestick pattern. Every candle appears as a long line having a black body.

The first line is located in an uptrend, the last two open at near the prior close.

The Identical Three Crows should be interpreted the same way as the Three Black Crows pattern. You may treat the Identical Three Crows pattern as a specific variant of the Three Black Crows pattern.

The pattern appears very infrequently on the candlestick charts.

 

Figure 2.

Figure 2. An Identical Three Crows pattern is preceded by a Rising Window pattern, formed a month earlier. The gap, being part of the Rising Window, acts as a support zone. The third line of the Identical Three Crows was not able to close the gap, and the bulls and the bears are struggling for control of the market. Such situation frequently happens when the market is placed on the border of two opposite areas: support (the Rising Window pattern in our case), and resistance (black candles forming the Identical Three Crows pattern).

 

Identical Three Crows statistics

Below you can find some Identical Three Crows pattern statistics calculated by CandleScanner software.

Pattern name: Identical Three Crows
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/1995 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 2,236,421
Number of occurrences (Identical Three Crows): 46
Number of occurrences (all candlestick patterns): 638,570
% of occurrences (Identical Three Crows): 0.01 %
Average frequency: 48,617.8
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 8 15 5 18
% of
Occurrences
0.00 % 17.39 % 32.61 % 10.87 % 39.13 %

 

Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 7 13 6 20
% of
Occurrences
0.00 % 15.22 % 28.26 % 13.04 % 43.48 %

 

10 top best performing symbols

Occurrences Statistics 5 candlesticks testing period
(HIGH efficiency)
10 candlesticks testing period
(HIGH efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
MYL 2 2,517.0 2 100.00 % 2 100.00 %
RAI 1 4,037.0 1 100.00 % 1 100.00 %
AMT 2 2,147.5 1 50.00 % 1 50.00 %
CMCSA 2 2,517.0 1 50.00 % 1 50.00 %
MHK 2 2,517.0 1 50.00 % 1 50.00 %
PGR 2 2,517.0 1 50.00 % 1 50.00 %
RL 2 2,271.0 1 50.00 % 1 50.00 %

 

10 top worst performing symbols

Occurrences Statistics 5 candlesticks testing period
(FALSE efficiency)
10 candlesticks testing period
(FALSE efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
CMCSA 2 2,517.0 1 50.00 % 1 50.00 %
MHK 2 2,517.0 1 50.00 % 1 50.00 %

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