AMH has confirmed 3 Black Crows on the Monthly Timeframe and has cracked below an ascending channel and the 21SMA. I expect that we will get severe follow-through as both the Rental Sector and the Real Estate Industry in general continue their decline into the higher interest rate environment.
After Job openings, JOLTS data and macroeconomic data weakening in US; a potential formation of Three Black Crows on Daily graph of Volkswagen could be underway jeopardising the last 6 positive candles. Tomorrow's closing candle will confirm if the Three Black Crows take place and next week we will see whether the prophecy ("sell") takes place.
The three black crows candlestick pattern is considered a relatively reliable bearish reversal pattern.
Consisting of three consecutive bearish candles at the end of a bullish trend, the three black crows signals a shift of control from the bulls to the bears.
So, Is this "the three black crows" pattern?
It's really looks like..
With 1 day left, the shadow of the candle kissed the 50 EMA. Even with a close ABOVE its previous candles close but BELOW its current candle shadow low this should be seen as bearish. This would print a Shooting Star. 444.39 would be the level to watch for this scenario.
Bulls will want to see a close above the previous candles swing...
XAUUSD completed a bearish Gartley pattern before going bearish until meeting our Support I would ordinarily buy from this point but spotting the three black crows at this point, I see an opportunity to sell further. I anticipate the market making a slight bullish pullback, creating a bearish flag to confirm our three black crows signal. I will patiently wait for...
MACD Bearish Divergence, RSI Bearish Divergence, Weekly 3 Black Crows, at a Bearish Shark PCZ.
I think it can go much lower than my specified 61.8 target but a 34% decline is plenty profitable to make this a great trade.
It was very clear price holding below the 123.50 resistance for quite some time.
Notice that three black crows candles appeared and right now retracing for 61.8 fibonacci retracement.
This could be a good area for entering sell.
Sell CHFJPY 123.20
Stop loss 123.70
Take profit 121.00 (4.4R)
Use only 1-2% risk
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Quick glance: As of now, BTCUSD seems to be on under massive selling pressure Traders are looking closely at the $30k level.
Our previous analysis on BTCUSD correctly predicted the...