One Black Crow - Bearish Candlestick Reversal Pattern
One Black Crow Definition
The one black crow (red candlestick) pattern is a bearish reversal signal. This pattern will often times appear on price charts after a clear uptrend has been in place. The first candlestick in the pattern is a long green candlestick. That closes near its high. The next candle opens below the previous candle's close and closes near the lows of the bar, which is also below the low of the previous day. The key to this pattern is that both candles must be "long" candlesticks.
One Black Crow Charting Example
Traders should wait for the low of the red candlestick to be exceeded prior to taking a short position.