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How to recognize Identical Three Crows?

1. Three long candles resemble descending stairs.
2. The opening price of each candle can be equaled to the closing price of the previous session.

Scenario and psychology

The model points to panic sell-offs in the market. The price suffers extra downside pressure. The closing price of each day makes the opening price for the next day. The Identical Three Crows pattern is a sign of weakening purchasing power.

Flexibility

This model is not flexible as it is a particular case of the Three Black Crows.

Similar patterns

The Identical Three Crows is a type of the Three Black Crows pattern.

Identical Three Crows (doji sanba garasu)

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