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 1/1/2019
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
OmanMSM 43375.00100.005.330.005.33
The World 171661076270.550.510.030.010.02
FrancePARIS 2751170.180.520.010.000.01
CanadaTSX 4241170.750.330.010.000.01
TaiwanGTSM 3722172.580.370.010.000.00
IndiaNSE 10051174.330.130.000.000.00
ChinaSSE 1801167.220.830.000.000.00
ItalyBORSA 5391167.160.280.000.000.00
KuwaitKSE 140071.430.000.000.000.00
EgyptEGX 1010071.290.000.000.000.00
JordanASE 30066.670.000.000.000.00
South KoreaKOSDAQ 4660066.950.000.000.000.00
South KoreaKRX 5070069.230.000.000.000.00
JapanTOKYO 15370070.070.000.000.000.00
TaiwanTWSE 5350068.600.000.000.000.00
TurkeyBIST 1440061.110.000.000.000.00
ThailandSET 1840067.390.000.000.000.00
SingaporeSGX 440075.000.000.000.000.00
SwedenSTOCKHOLM 1800066.670.000.000.000.00
RussiaMICEX 660077.270.000.000.000.00
PortugalLISBON 100080.000.000.000.000.00
Poland GPW 1040075.000.000.000.000.00
PakistanKSE 980084.690.000.000.000.00
PhilippinesPSE 250064.000.000.000.000.00
PhilippinesPSE 1000.000.000.000.000.00
Vietnam HOSE 960076.040.000.000.000.00
Vietnam HNX 150073.330.000.000.000.00
USWARRANTS 150066.670.000.000.000.00
USPREFERRED 930076.340.000.000.000.00
USOTC PINK 4450073.260.000.000.000.00
USNYSE 16620067.510.000.000.000.00
USNASDAQ 9040069.470.000.000.000.00
USAMEX 2510070.920.000.000.000.00
UKLSE 11080070.940.000.000.000.00
CanadaCSE 170064.710.000.000.000.00
CanadaTSX-V 810080.250.000.000.000.00
BrazilBOVESPA 1110068.470.000.000.000.00
BelgiumBRUSSELS 290079.310.000.000.000.00
BangladeshDSE 890068.540.000.000.000.00
AustraliaASX 3430069.390.000.000.000.00
Austria WIENERBORSE 420059.520.000.000.000.00
ArgentinaBUE 920065.220.000.000.000.00
ChileBCS 120066.670.000.000.000.00
SwitzerlandSIX 1730069.360.000.000.000.00
SpainIBEX 430079.070.000.000.000.00
DenmarkCOPENHAGEN 360069.440.000.000.000.00
GermanyXETRA 9260069.330.000.000.000.00
ChinaSZSE 2550072.160.000.000.000.00
NorwayOSE 820068.290.000.000.000.00
NetherlandsAMSTERDAM 1370072.990.000.000.000.00
MalaysiaBURSA 890073.030.000.000.000.00
MexicoBMV 560064.290.000.000.000.00
UAEUAE 40050.000.000.000.000.00
Saudi ArabiaTADAWUL 640081.250.000.000.000.00
QatarQE 90033.330.000.000.000.00
IndiaBSE 15200075.070.000.000.000.00
IsraelTASE 1790078.210.000.000.000.00
IndonesiaIDX 750070.670.000.000.000.00
Hong KongHKEX 3600072.780.000.000.000.00
Greece ATHENS 360066.670.000.000.000.00
JapanNAGOYA 90055.560.000.000.000.00
JapanFUKUOKA 20050.000.000.000.000.00
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 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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