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
CanadaCSE 98588.8962.507.750.387.38
ArgentinaBUE 179852.9488.897.560.676.89
CanadaTSX-V 32281687.5057.148.862.756.11
OmanMSM 43375.00100.005.330.005.33
USOTC PINK 26519111072.4557.296.481.724.76
Poland GPW 51402478.4360.005.630.984.65
IsraelTASE 70573381.4357.894.701.053.65
PakistanKSE 73603582.1958.334.331.003.33
IndiaNSE 43833719676.9458.164.261.392.87
IndiaBSE 75556733375.1058.734.221.462.76
Vietnam HOSE 40332382.5069.703.210.552.67
BangladeshDSE 44311970.4561.293.390.742.65
Hong KongHKEX 2351689971.4958.933.681.052.64
MalaysiaBURSA 46361778.2647.223.360.812.56
RussiaMICEX 42321976.1959.383.000.472.53
ChinaSZSE 89744283.1556.763.681.162.51
TaiwanGTSM 1871367572.7355.153.200.802.40
PhilippinesPSE 1710658.8260.002.600.302.30
TurkeyBIST 79553269.6258.183.240.952.29
South KoreaKOSDAQ 2521639865.0859.763.611.332.28
DenmarkCOPENHAGEN 25191376.0068.422.680.422.26
BelgiumBRUSSELS 22191086.3652.633.000.792.21
ChinaSSE 58452577.5955.562.930.732.20
NorwayOSE 2416966.6756.253.131.002.13
IndonesiaIDX 30261686.6761.543.271.152.12
FrancePARIS 102643662.7556.252.970.922.05
TaiwanTWSE 27819110968.7157.072.580.671.91
The World 81955875311971.7453.052.851.091.77
ThailandSET 92673572.8352.242.841.091.75
SwedenSTOCKHOLM 119804367.2353.752.991.291.70
USNASDAQ 44631115669.9650.002.991.431.56
GermanyXETRA 33324812374.4749.602.230.691.54
Saudi ArabiaTADAWUL 28231382.1456.522.571.131.43
BrazilBOVESPA 41331680.4948.482.791.391.39
USAMEX 111863777.4843.022.501.231.27
CanadaTSX 2131517871.3651.322.050.781.26
EgyptEGX 60482980.0060.422.961.751.21
South KoreaKRX 25918110469.8857.461.910.711.20
UKLSE 49933718167.5453.711.780.850.93
ItalyBORSA 2301487564.3550.681.500.640.86
JapanTOKYO 88262031070.2950.001.941.230.71
USNYSE 74952224969.6947.701.510.810.70
SpainIBEX 35311988.5761.291.681.030.65
SwitzerlandSIX 81612575.3140.981.250.620.62
AustraliaASX 1691284775.7436.721.811.380.43
USPREFERRED 64401562.5037.500.730.430.30
NetherlandsAMSTERDAM 58452377.5951.111.161.040.11
USWARRANTS 2000.000.000.000.000.00
PhilippinesPSE 1000.000.000.000.000.00
SingaporeSGX 2617465.3823.530.880.94-0.06
MexicoBMV 2419979.1747.370.951.05-0.11
Vietnam HNX 137353.8542.862.713.00-0.29
JapanNAGOYA 73042.860.000.001.67-1.67
Greece ATHENS 1410371.4330.001.403.90-2.50
Austria WIENERBORSE 158153.3312.500.383.38-3.00
PortugalLISBON 43075.000.000.003.33-3.33
KuwaitKSE 21050.000.000.004.00-4.00
JordanASE 21050.000.000.005.00-5.00
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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