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 1/1/2021
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 111100.00100.0020.000.0020.00
JapanNAGOYA 116354.5550.006.990.566.43
CanadaCSE 1916684.2137.5010.013.696.33
OmanMSM 43375.00100.005.330.005.33
CanadaTSX-V 75603680.0060.007.412.355.06
EgyptEGX 100664366.0065.
Hong KongHKEX 35426415774.5859.474.450.943.50
NorwayOSE 93683673.1252.944.691.233.47
DenmarkCOPENHAGEN 29221575.8668.183.770.363.41
USOTC PINK 56339420571.7650.745.772.473.30
ChileBCS 1813972.2269.233.950.913.04
IsraelTASE 2011508575.6255.924.031.003.03
USNASDAQ 90861733167.9553.654.011.302.70
BangladeshDSE 77543470.1362.963.861.202.66
KuwaitKSE 2416766.6743.753.851.212.65
SwedenSTOCKHOLM 1701257373.5358.404.501.902.60
ChinaSZSE 27018711169.2659.363.420.832.60
PakistanKSE 101784777.2360.264.021.472.55
IndonesiaIDX 83603472.2956.673.871.432.44
Poland GPW 87653774.7156.923.381.082.29
PhilippinesPSE 29181162.0761.112.920.692.22
IndiaBSE 1718131073676.3756.103.941.742.20
Vietnam HOSE 133975572.9356.703.271.142.13
CanadaTSX 42830816271.9652.603.131.062.07
ChinaSSE 2381768973.9550.572.980.991.99
South KoreaKOSDAQ 44531018169.6658.393.341.401.94
SpainIBEX 36271775.0062.962.900.981.93
IndiaNSE 112282844874.1553.853.431.531.90
AustraliaASX 35324611769.6947.563.141.261.88
Austria WIENERBORSE 61362259.0261.112.801.031.77
SingaporeSGX 38281973.6867.862.670.931.74
ThailandSET 1861266967.7454.762.791.051.73
The World 1794712514651070.5951.392.941.221.72
QatarQE 104240.0050.002.370.651.72
TaiwanGTSM 38026113668.9551.912.691.041.65
BelgiumBRUSSELS 24191379.1768.422.030.421.61
South KoreaKRX 47433518470.6854.932.470.921.55
TaiwanTWSE 55437619867.8752.662.440.901.54
UAEUAE 95455.5680.002.500.991.51
UKLSE 118483340870.3548.982.420.911.51
JapanTOKYO 1551108559169.9554.472.281.061.23
ItalyBORSA 57840320869.7251.612.020.821.20
FrancePARIS 2521779270.6351.692.010.851.16
BrazilBOVESPA 132863965.1545.352.481.341.14
TurkeyBIST 133814260.9051.852.771.651.12
USNYSE 1659110952066.8546.891.961.030.93
USAMEX 2621868670.9946.
GermanyXETRA 91663627269.4342.771.810.950.86
PortugalLISBON 107370.0042.861.410.560.85
MexicoBMV 56371666.0743.242.621.800.82
Saudi ArabiaTADAWUL 70522574.2948.082.251.470.78
SwitzerlandSIX 1701205870.5948.331.480.800.68
ArgentinaBUE 138883765.9440.662.732.080.65
JapanFUKUOKA 65283.3340.000.850.370.48
Vietnam HNX 1811661.1154.551.481.040.44
NetherlandsAMSTERDAM 138953968.8441.051.190.820.37
PakistanKSE 110100.
USWARRANTS 150066.670.
USPREFERRED 930076.340.
RussiaMICEX 660077.
PhilippinesPSE 1000.
IndonesiaIDX 1000.
BangladeshDSE 111100.00100.
ArgentinaBUE 1000.
MalaysiaBURSA 90592465.5640.682.102.16-0.05
Greece ATHENS 40301475.0046.672.082.29-0.20
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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