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