BEARISH UPSIDE GAP TWO CROWS
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.
BEARISH UPSIDE GAP TWO CROWS
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
QatarQE 111100.00100.0025.000.0025.00
JapanSAPPORO 111100.00100.0020.000.0020.00
JapanFUKUOKA 21150.00100.0012.000.0012.00
UAEUAE 331100.0033.339.670.679.00
ArgentinaBUE 126650.00100.008.830.008.83
CanadaTSX-V 31261683.8761.549.351.467.88
CanadaCSE 664100.0066.677.670.507.17
OmanMSM 43375.00100.005.330.005.33
USOTC PINK 2051538374.6354.256.401.754.65
NorwayOSE 22161172.7368.754.750.694.06
BangladeshDSE 34211361.7661.904.710.863.86
IsraelTASE 56432676.7960.474.811.213.60
Poland GPW 42332078.5760.614.181.003.18
PakistanKSE 68533277.9460.383.921.022.91
TaiwanGTSM 1511055969.5456.193.670.762.90
IndiaNSE 36928316676.6958.664.321.422.89
RussiaMICEX 36261672.2261.543.230.352.88
IndiaBSE 66849428874.1058.184.151.482.67
ChinaSZSE 55502890.9156.003.621.042.58
Vietnam HOSE 34281982.3567.862.960.432.54
ChinaSSE 32271584.3855.563.410.932.48
Hong KongHKEX 1901378072.1158.393.551.192.36
FrancePARIS 86533161.6358.493.300.962.34
USAMEX 49341869.3952.943.971.652.32
MalaysiaBURSA 40321580.0046.883.190.912.28
South KoreaKOSDAQ 2241449364.2964.583.511.262.24
BelgiumBRUSSELS 1715788.2446.673.130.932.20
TurkeyBIST 68472769.1257.453.170.982.19
TaiwanTWSE 2231558969.5157.422.460.551.91
BrazilBOVESPA 32271484.3851.853.301.441.85
ThailandSET 80583172.5053.452.760.931.83
IndonesiaIDX 22211495.4566.673.051.241.81
The World 66544757255771.5153.742.921.121.80
SwedenSTOCKHOLM 95593262.1154.243.151.361.80
PhilippinesPSE 159560.0055.562.110.331.78
Saudi ArabiaTADAWUL 23171073.9158.822.941.241.71
GermanyXETRA 2531899874.7051.852.230.701.53
USNASDAQ 36225012569.0650.002.901.391.51
CanadaTSX 1781256270.2249.602.170.891.28
South KoreaKRX 2101488670.4858.111.990.761.23
EgyptEGX 58452777.5960.002.981.911.07
UKLSE 40528015469.1455.001.950.921.03
SwitzerlandSIX 72532373.6143.401.490.580.91
DenmarkCOPENHAGEN 1913868.4261.541.380.540.85
USNYSE 58041219471.0347.091.670.840.83
JapanTOKYO 72550225169.2450.001.941.350.59
ItalyBORSA 1871226365.2451.641.240.660.57
SpainIBEX 28251589.2960.001.801.280.52
AustraliaASX 122943577.0537.231.931.450.48
NetherlandsAMSTERDAM 44361981.8252.781.030.890.14
USPREFERRED 4625954.3536.000.480.440.04
PhilippinesPSE 1000.000.000.000.000.00
USWARRANTS 1000.000.000.000.000.00
SingaporeSGX 2617465.3823.530.880.94-0.06
MexicoBMV 1712670.5950.000.921.00-0.08
Vietnam HNX 117263.6428.572.003.29-1.29
Greece ATHENS 95255.5640.002.003.40-1.40
JapanNAGOYA 63050.000.000.001.67-1.67
PortugalLISBON 43075.000.000.003.33-3.33
KuwaitKSE 21050.000.000.004.00-4.00
JordanASE 110100.000.000.005.00-5.00
Austria WIENERBORSE 52040.000.000.0010.50-10.50
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 bulls.com© family websites

Disclaimers:

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

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