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 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 111100.00100.0020.000.0020.00
QatarQE 72128.5750.0012.500.5012.00
USWARRANTS 84250.0050.
UAEUAE 64266.6750.008.000.507.50
OmanMSM 43375.00100.005.330.005.33
USOTC PINK 49335820172.8255.996.842.264.58
CanadaTSX-V 65563086.1553.577.232.664.57
PhilippinesPSE 26171365.3876.474.530.184.35
Poland GPW 91704478.0261.975.241.144.10
KuwaitKSE 43275.0066.675.331.334.00
BangladeshDSE 71503270.4264.004.600.843.76
IsraelTASE 1391096178.4255.964.460.883.58
RussiaMICEX 64533082.8156.603.980.553.43
ChinaSZSE 1601247577.5060.484.191.153.04
IndonesiaIDX 64493076.5661.
PakistanKSE 104814677.8856.793.931.062.86
ChileBCS 54480.00100.002.750.002.75
ChinaSSE 106784373.5855.133.771.122.65
Hong KongHKEX 34024214171.1858.263.521.012.51
EgyptEGX 101734272.2857.534.041.552.49
BelgiumBRUSSELS 28231482.1460.872.740.572.17
TaiwanGTSM 31122712072.9952.863.040.892.15
IndiaBSE 126094051874.7654.993.831.722.12
SwedenSTOCKHOLM 1831196165.5750.833.571.482.09
DenmarkCOPENHAGEN 36251669.4464.002.520.442.08
South KoreaKOSDAQ 43028617166.5159.793.421.362.06
IndiaNSE 83962035174.1456.433.741.692.05
Vietnam HOSE 82663780.4956.062.800.821.98
TaiwanTWSE 47131516866.8853.332.680.811.87
USNASDAQ 83157129268.8351.053.261.451.81
BrazilBOVESPA 69502472.4648.003.141.381.76
MalaysiaBURSA 84632875.0044.442.791.061.73
The World 1453610292532570.8851.682.881.191.69
South KoreaKRX 42530117570.8258.142.280.661.62
AustraliaASX 2942089371.0944.502.821.371.45
NorwayOSE 54392172.2253.852.771.331.44
UKLSE 89562032269.3951.852.190.811.39
FrancePARIS 1971356768.5349.632.290.901.39
CanadaTSX 36725112868.6650.792.451.081.37
ThailandSET 1761246670.4553.232.441.121.32
TurkeyBIST 129844265.1250.002.451.141.31
CanadaCSE 1813672.2246.153.692.381.31
Austria WIENERBORSE 32201062.5050.003.001.701.30
ItalyBORSA 41026713265.1249.441.760.671.09
GermanyXETRA 62043718470.4842.111.900.901.00
ArgentinaBUE 53321360.3840.633.192.250.94
JapanTOKYO 137996849270.2050.832.151.220.92
SingaporeSGX 47341572.3444.
USAMEX 2251627072.0043.212.751.850.90
USNYSE 133392643169.4746.541.750.860.89
Vietnam HNX 1510566.6750.002.902.400.50
SwitzerlandSIX 1461094874.6644.041.250.770.48
MexicoBMV 43301669.7753.331.230.870.37
NetherlandsAMSTERDAM 106773172.6440.261.351.010.34
SpainIBEX 54472587.0453.191.531.230.30
USPREFERRED 88582165.9136.210.710.470.24
PhilippinesPSE 1000.
PortugalLISBON 1110490.9140.001.101.30-0.20
Saudi ArabiaTADAWUL 58482182.7643.751.602.17-0.56
Greece ATHENS 2317673.9135.291.242.65-1.41
JapanNAGOYA 83037.500.000.001.67-1.67
JordanASE 32066.670.000.004.00-4.00
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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