Three black crows chart pattern is symbol of market downturn on candlestick chart. This pattern confirms that bull market time is over and bear market time has started,as Nifty completed three black crows patterns recently and earlier also so we will apply this rule in NIFTY chart nad will try to
understand Three black crows Chart pattern IF and BUT,
AS we can see this pattern in chart
Nifty completed three black crows pattern on 12 august and next day it closes in red on 13 august so we can conclude that overall pattern is bearish but today we have seen around 160 point positive closing, the kind of profit booking of short position. As we have seen that nifty also made the same pattern on 28th august and it given moves from 8338 to 8606 and this week same pattern .so that nifty range is 8650 of upper level and 8300 for lower level in next week have to trade in this range.
so i would like to suggest all member reading my blogs, first of all have to decide the range,then trade in that particular range .
we have cover Three black crows pattern today with example. and in future also we will catch more chart patterns with chart .
understand Three black crows Chart pattern IF and BUT,
AS we can see this pattern in chart
Nifty completed three black crows pattern on 12 august and next day it closes in red on 13 august so we can conclude that overall pattern is bearish but today we have seen around 160 point positive closing, the kind of profit booking of short position. As we have seen that nifty also made the same pattern on 28th august and it given moves from 8338 to 8606 and this week same pattern .so that nifty range is 8650 of upper level and 8300 for lower level in next week have to trade in this range.
so i would like to suggest all member reading my blogs, first of all have to decide the range,then trade in that particular range .
we have cover Three black crows pattern today with example. and in future also we will catch more chart patterns with chart .
target hit
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