$PEPE 📚✅️ Three Black Crows Pattern with a live example on currency #PEPE
1️⃣ Definition of the model
The Three Black Crows model is a bearish reversal pattern that usually appears after an upward movement, consisting of three consecutive bearish candles, each opening within the body of the previous candle and closing near its low.
2️⃣ Model Characteristics
Number of Candles: 3 consecutive bearish candles
Close: Near the low of each candle
Location: After an upward trend or an upward corrective movement
Significance: Weakness of buyers and the beginning of seller dominance
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3️⃣ Practical Example – /USDT$PEPE
Time Frame: 15 minutes
After the price rose to 0.00001266, the formation of 3 strong consecutive red candles began.
Bollinger Bands: Price broke the lower limit → Strong selling pressure
MACD: Below the zero line with a clear negative signal
Williams %R: In the oversold area at -98
📌 Expectation:
Continued decline if the price breaks 0.00001190 targeting the area of 0.00001180
Temporary rebound probability if buying liquidity enters from the levels of d
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4️⃣ Professional Points for Traders
Avoid entering a buy position while the pattern is forming
It can be utilized in selling or hedging trades
It is best to confirm the signal with other indicators like MACD or RSI
✅️ Three White Soldiers Pattern
1️⃣ Definition of the model
The Three White Soldiers pattern is a bullish reversal signal, consisting of 3 consecutive bullish candles, often appearing after a downward trend or at the end of a downward correction.
2️⃣ Model Characteristics
Number of Candles: 3 consecutive green or white candles
Close: Near the highest price of each candle
Location: After a downward trend or a strong support area
Significance: Strong entry of buyers and the beginning of an upward trend
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3️⃣ The difference between the two models
Black Crows White Soldiers
Bearish Signal Bullish Signal
After an upward trend After a downward trend
Three Red Candles Three Green Candles
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4️⃣ Practical Application on PEPE/USDT
In the current example on the 15-minute time frame, we observed black crows indicating a decline.
If white soldiers appear later with three consecutive green candles from a support area, this may indicate a bullish reversal.
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