AntaresScorpius
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🔍 Regarding the "Three Black Crows" pattern:
Now that we know the timeframe is one hour, the pattern has much more relevance. And yes, in the last few candles, you can clearly see a sequence of:
• Three consecutive red candles
• Each candle opens within the body of the previous one and closes lower
• The body of the candles is well-defined, with minimal lower wicks
• The pattern occurs after a previous bullish move
So yes, it definitely looks like a "Three Black Crows" textbook. 📉
📊 Technical confirmations:
• The MACD shows a possible bearish crossover or negative divergence.
• The Stochastic may have broken out of an overbought zone, strengthening the signal.
🧭 What does it mean?
This pattern suggests a potential bearish reversal. It's not a guarantee, but it's a strong signal, especially if confirmed by other indicators or volume.
The 4-hour chart you shared, yes—there's a formation that looks a lot like an "Evening Star," and I'll explain why.
🌒 What is an Evening Star?
It's a bearish reversal pattern composed of three candlesticks:
1. Strong bullish candlestick (green, large body)
2. Small candlestick (can be a doji or a small body), showing indecision
3. Strong bearish candlestick (red, close below the middle of the first candlestick)
📉 On your chart:
• You see a large green candlestick, followed by a small candlestick (almost a doji), and then a strong red candlestick.
• The context is consistent: the price was rising, then showed indecision, and finally reversed strongly.
• The MACD shows a rising histogram but with a possible slowdown.
• The Stochastic is in the overbought zone (>80), which reinforces the idea of a possible reversal.
• The price is in the overbought zone (>80), which reinforces the idea of a possible reversal.
🧠 Interpretation:
If confirmed by a close below the low of the third candlestick, this pattern may indicate the start of a correction or bearish reversal.
On the 45-minute chart, a formation resembling an Evening Star 🌘 is clearly visible — and this time, the context is even more interesting because the pattern develops after a brief bullish rally.
✅ Here's what I see:
• First candlestick: green, full body, sign of bullish strength.
• Second candlestick: small, almost a doji or with a small body, showing indecision.
• Third candlestick: red, large body, close below the midpoint of the first candlestick → signal of a bearish reversal.
📊 Technical indicators:
• The MACD shows a slowdown in momentum, with the histogram tapering.
• The Stochastic is in the overbought zone, with a possible bearish crossover ahead.
🧠 Interpretation:
This 45-minute timeframe pattern may indicate an impending correction or a deeper reversal, especially if confirmed by a break of the low of the third candlestick. It's a signal many traders use to set short positions or exit long positions.
Now that we know the timeframe is one hour, the pattern has much more relevance. And yes, in the last few candles, you can clearly see a sequence of:
• Three consecutive red candles
• Each candle opens within the body of the previous one and closes lower
• The body of the candles is well-defined, with minimal lower wicks
• The pattern occurs after a previous bullish move
So yes, it definitely looks like a "Three Black Crows" textbook. 📉
📊 Technical confirmations:
• The MACD shows a possible bearish crossover or negative divergence.
• The Stochastic may have broken out of an overbought zone, strengthening the signal.
🧭 What does it mean?
This pattern suggests a potential bearish reversal. It's not a guarantee, but it's a strong signal, especially if confirmed by other indicators or volume.
The 4-hour chart you shared, yes—there's a formation that looks a lot like an "Evening Star," and I'll explain why.
🌒 What is an Evening Star?
It's a bearish reversal pattern composed of three candlesticks:
1. Strong bullish candlestick (green, large body)
2. Small candlestick (can be a doji or a small body), showing indecision
3. Strong bearish candlestick (red, close below the middle of the first candlestick)
📉 On your chart:
• You see a large green candlestick, followed by a small candlestick (almost a doji), and then a strong red candlestick.
• The context is consistent: the price was rising, then showed indecision, and finally reversed strongly.
• The MACD shows a rising histogram but with a possible slowdown.
• The Stochastic is in the overbought zone (>80), which reinforces the idea of a possible reversal.
• The price is in the overbought zone (>80), which reinforces the idea of a possible reversal.
🧠 Interpretation:
If confirmed by a close below the low of the third candlestick, this pattern may indicate the start of a correction or bearish reversal.
On the 45-minute chart, a formation resembling an Evening Star 🌘 is clearly visible — and this time, the context is even more interesting because the pattern develops after a brief bullish rally.
✅ Here's what I see:
• First candlestick: green, full body, sign of bullish strength.
• Second candlestick: small, almost a doji or with a small body, showing indecision.
• Third candlestick: red, large body, close below the midpoint of the first candlestick → signal of a bearish reversal.
📊 Technical indicators:
• The MACD shows a slowdown in momentum, with the histogram tapering.
• The Stochastic is in the overbought zone, with a possible bearish crossover ahead.
🧠 Interpretation:
This 45-minute timeframe pattern may indicate an impending correction or a deeper reversal, especially if confirmed by a break of the low of the third candlestick. It's a signal many traders use to set short positions or exit long positions.
