The chart showing Series 1 series.
To see the performance of the pattern in your stock exchange in the context of other stock markets please examine the table below. Find your stock market there and see how it ranks among the others. This will give you an idea about the pattern’s strength and reliability and help you in your selling decisions.
This is a three-candlestick bearish reversal pattern. The gap between the black body of the second day and the white body of the first day represents the upside gap. The second and third black days represent the two black crows.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. A normal or long white candlestick appears on the first day.
3. The second day is a short black candlestick that gaps up.
4. On the last day another black candlestick appears that opens at or above the open, and then closes below the close of the previous day, but still above the close of the first day.
Pattern Requirements and Flexibility
The Upside Gap Two Crows should start with a normal or long white body. A short black body with an upside body gap follows. The third day is another black body that engulfs the second day. The third day may open at or above the open of the second day. The third day should close above the body limits of the first day, leaving the gap created between the first and the second days still unfilled.
Trader’s Behavior
An uptrend has been in place, and the white candlestick adds to the bullishness that is already present. The following day opens higher with a gap up. Prices fall a little bit, and a short black candlestick is formed. The bulls are not alarmed by this day, because even though a black body appears, prices fail to close below the close of the previous day. The third day opens at or above the open of the second day, but it falls throughout the day and closes below the previous close. The two consecutive black bodies show that the strength of the uptrend has been questioned.
Sell/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross below this level for confirmation.

The stop loss level is defined as the last high. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 111100.00100.0020.000.0020.00
CanadaCSE 1814677.7842.8610.053.047.01
JapanNAGOYA 106360.0050.006.130.575.56
OmanMSM 43375.00100.005.330.005.33
CanadaTSX-V 74583578.3860.346.872.184.70
EgyptEGX 99724572.7362.505.311.563.75
Hong KongHKEX 35426716675.4262.174.370.853.52
KuwaitKSE 2014770.0050.004.400.903.51
ChileBCS 149664.2966.674.521.213.32
PakistanKSE 95754478.9558.674.871.633.24
BangladeshDSE 81573770.3764.914.241.023.22
PhilippinesPSE 28161257.1475.003.640.433.21
USOTC PINK 54738820671.4852.695.682.483.20
IsraelTASE 1921488077.0854.
DenmarkCOPENHAGEN 29231679.3169.573.540.483.06
NorwayOSE 98703671.4351.434.321.293.03
Poland GPW 91674273.6362.694.041.102.94
SwedenSTOCKHOLM 1631186972.3958.474.531.632.91
USNASDAQ 84959231369.9652.693.801.262.54
IndiaBSE 1593121267376.0855.534.121.752.36
ChinaSZSE 26519210872.4556.253.200.872.33
Vietnam HOSE 123875070.7357.473.431.142.29
IndonesiaIDX 78532867.9552.833.661.402.25
CanadaTSX 40729715872.9753.
ChinaSSE 2231668774.4452.413.080.932.15
South KoreaKOSDAQ 43229017067.3658.423.571.442.13
AustraliaASX 35424011867.8049.173.311.222.10
IndiaNSE 107180044374.7055.383.471.521.95
SingaporeSGX 42312073.8164.522.830.931.90
TaiwanGTSM 37427114172.7351.842.761.001.76
South KoreaKRX 47233218970.3456.932.580.841.73
ThailandSET 1821276869.7853.542.751.051.70
QatarQE 114236.3650.002.340.651.69
BelgiumBRUSSELS 24201483.3370.001.990.351.64
Austria WIENERBORSE 62382261.2957.892.651.071.59
UKLSE 112979339670.2449.942.410.851.56
UAEUAE 85462.5080.002.500.991.51
TaiwanTWSE 53535717866.7349.862.450.971.48
SpainIBEX 38301678.9553.332.571.101.47
BrazilBOVESPA 132874365.9149.432.661.351.31
MalaysiaBURSA 84552665.4847.272.491.221.27
TurkeyBIST 130753757.6949.332.721.461.27
ItalyBORSA 55337419667.6352.412.020.761.27
FrancePARIS 2491779671.0854.242.040.791.26
JapanTOKYO 1522107558770.6354.602.271.031.24
MexicoBMV 52341565.3844.122.691.461.24
PortugalLISBON 96466.6766.671.710.651.06
GermanyXETRA 91664128469.9844.311.960.941.02
USNYSE 1529102950467.3048.981.970.971.01
Saudi ArabiaTADAWUL 71562878.8750.
USAMEX 2541768469.2947.733.182.390.79
ArgentinaBUE 125783362.4042.312.842.130.71
SwitzerlandSIX 1711185669.0147.461.460.810.64
Vietnam HNX 1810655.5660.001.621.020.60
JapanFUKUOKA 65283.3340.000.850.380.47
NetherlandsAMSTERDAM 1441064673.6143.401.310.850.46
Greece ATHENS 38281373.6846.432.312.220.09
USWARRANTS 150066.670.
USPREFERRED 930076.340.
RussiaMICEX 660077.
PhilippinesPSE 1000.
BangladeshDSE 111100.00100.
ArgentinaBUE 1000.
IndonesiaIDX 1000.
JordanASE 220100.
Patterns Total: How many of this particular pattern has been detected in this period
Confirmed Total: How many of the detected patterns were confirmed and converted into signals
Profitable Signals: The number of the confirmed patterns that have given profitable trades
Confirmation %: The percentage of the confirmed patterns with respect to the total occurrences of this pattern
Profitable Signal %: The percentage of the successful confirmed patterns with respect to the total confirmed patterns
Per Trade Profit %: Total Profits / Total Trades
Per Trade Loss %: Total Losses / Total Trades
Per Trade Net%: (Total Profits–Total Losses) / Total Number of Trades
Samples: Live sample ticker symbols from stock exchanges with links to stock pages of the related© family websites


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