Candlestick – 3 crows bearish pattern on ProShares Short Small Cap 6000 [SBB]

Three Black Crows consists of three consecutive long black real bodies occurring in an uptrend, each one uccessively lower than the candle prior. The first black candle typically opens above the prior day’s close. The two candles that follow are characterized by an open within the prior day’s real body and a close at or near the prior day’s low, creating a downward stairstep pattern. The Three Black Crows also translate into one very long black candle, sending a message of trend reversal.

Friday February 12, 2010 saw this classic bearish pattern on SBB, ProShares Short Small Cap 6000

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