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
JapanSAPPORO 111100.00100.0020.000.0020.00
UAEUAE 54280.0050.0014.250.5013.75
CanadaTSX-V 30251483.3356.0012.522.769.76
CanadaCSE 1211791.6763.648.730.558.18
ArgentinaBUE 20121060.0083.338.500.587.92
KuwaitKSE 54280.0050.007.751.256.50
JapanFUKUOKA 32166.6750.006.001.005.00
OmanMSM 64466.67100.004.000.004.00
IsraelTASE 112955284.8254.744.850.913.95
QatarQE 97577.7871.434.431.003.43
NorwayOSE 43321974.4259.384.721.313.41
Hong KongHKEX 42230318771.8061.724.210.923.29
USOTC PINK 36426415273.0857.145.972.723.24
PakistanKSE 119985682.3557.143.961.162.80
IndiaBSE 112284050074.8759.524.381.622.76
BrazilBOVESPA 65522980.0055.773.711.172.54
IndiaNSE 69053130176.9656.694.071.582.49
South KoreaKOSDAQ 44330919169.7561.813.751.272.48
USAMEX 1671276176.0548.033.370.922.45
PhilippinesPSE 27181066.6755.562.780.392.39
ChinaSSE 105764772.3861.843.030.662.37
SingaporeSGX 39261166.6742.313.381.042.35
Poland GPW 69573182.6154.393.651.322.33
CanadaTSX 35124613270.0953.662.970.682.28
SwedenSTOCKHOLM 1781317273.6054.963.531.262.27
BelgiumBRUSSELS 32271384.3848.153.000.742.26
TurkeyBIST 121824567.7754.882.950.792.16
ThailandSET 1411035473.0552.433.161.012.15
MalaysiaBURSA 80653081.2546.152.920.782.14
TaiwanGTSM 31923312573.0453.653.021.012.01
EgyptEGX 88674176.1461.193.481.521.96
Vietnam HOSE 55422476.3657.142.640.741.90
TaiwanTWSE 41929616770.6456.422.570.701.88
USNASDAQ 66548224972.4851.663.071.211.85
The World 130069362495872.0052.952.901.071.83
DenmarkCOPENHAGEN 38271771.0562.962.330.521.81
Saudi ArabiaTADAWUL 74482364.8647.922.750.941.81
IndonesiaIDX 60502983.3358.002.780.981.80
ChinaSZSE 137995272.2652.532.921.231.69
RussiaMICEX 46361778.2647.222.470.831.64
South KoreaKRX 40629116371.6756.012.310.821.49
FrancePARIS 1581165673.4248.282.250.891.36
BangladeshDSE 62422367.7454.762.170.861.31
GermanyXETRA 53439418573.7846.951.940.731.21
UKLSE 76553728070.2052.141.930.801.14
SpainIBEX 62503480.6568.001.800.701.10
USNYSE 120783140168.8548.261.800.721.09
JapanTOKYO 1546108854170.3849.722.091.051.04
ItalyBORSA 35623812166.8550.841.660.651.01
AustraliaASX 2511828072.5143.961.911.020.89
Vietnam HNX 1810755.5670.002.702.000.70
USPREFERRED 102683066.6744.121.000.370.63
NetherlandsAMSTERDAM 83582869.8848.281.330.900.43
SwitzerlandSIX 138973770.2938.141.050.710.34
MexicoBMV 38281473.6850.001.180.960.21
USWARRANTS 1000.000.000.000.000.00
PhilippinesPSE 1000.000.000.000.000.00
Greece ATHENS 2217777.2741.182.062.41-0.35
JapanNAGOYA 62033.330.000.001.00-1.00
JordanASE 75171.4320.001.202.40-1.20
Austria WIENERBORSE 2010250.0020.000.403.40-3.00
PortugalLISBON 64066.670.000.003.75-3.75
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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