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 1/1/2017
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
JapanFUKUOKA 21150.00100.0012.000.0012.00
QatarQE 43375.00100.0010.000.0010.00
CanadaCSE 11118100.0072.739.450.279.18
UAEUAE 43175.0033.339.670.679.00
ArgentinaBUE 21121157.1491.677.830.507.33
CanadaTSX-V 33291887.8862.079.692.417.28
KuwaitKSE 54280.0050.007.751.256.50
OmanMSM 43375.00100.005.330.005.33
USOTC PINK 34024914973.8259.365.921.644.29
IsraelTASE 99835083.8460.244.710.883.83
Hong KongHKEX 36927117073.4462.734.560.943.62
BrazilBOVESPA 53432381.1353.494.561.303.26
IndiaBSE 99876344876.4558.724.641.543.10
PakistanKSE 95774481.0557.143.960.943.03
PhilippinesPSE 2212754.5558.333.250.253.00
Poland GPW 64522881.2553.853.920.923.00
USAMEX 1701225871.7647.543.770.972.80
ChinaSSE 81623776.5459.683.290.612.68
IndiaNSE 62148627478.2656.384.071.452.63
MalaysiaBURSA 70552778.5749.093.400.782.62
IndonesiaIDX 49442789.8061.363.611.142.48
CanadaTSX 31622011469.6251.823.200.762.45
TurkeyBIST 108704064.8157.143.230.892.34
Vietnam HOSE 57442777.1961.363.000.662.34
BelgiumBRUSSELS 24221191.6750.003.000.682.32
South KoreaKOSDAQ 35823713966.2058.653.651.372.29
ChinaSZSE 108824875.9358.543.401.132.27
EgyptEGX 74563275.6857.143.881.632.25
ThailandSET 117864373.5050.003.191.012.17
TaiwanTWSE 37724914566.0558.232.830.662.17
TaiwanGTSM 27019210271.1153.133.130.972.16
SingaporeSGX 38281273.6842.863.361.212.14
NorwayOSE 42321876.1956.253.191.162.03
The World 115788309441171.7853.073.051.042.01
DenmarkCOPENHAGEN 40291672.5055.172.480.591.90
BangladeshDSE 65472672.3155.322.961.061.89
RussiaMICEX 46351776.0948.572.490.661.83
Saudi ArabiaTADAWUL 56371966.0751.352.811.001.81
USNASDAQ 60142520970.7249.183.031.271.76
South KoreaKRX 34924914071.3556.222.450.761.68
AustraliaASX 2281748476.3248.282.631.061.57
UKLSE 71649426968.9954.452.300.761.55
FrancePARIS 1521065769.7453.772.440.911.54
SwedenSTOCKHOLM 1761256471.0251.203.021.491.53
NetherlandsAMSTERDAM 77612779.2244.262.390.971.43
JapanTOKYO 130091247970.1552.522.190.991.19
USNYSE 104672433769.2246.552.000.831.17
GermanyXETRA 47934515772.0345.511.970.821.15
ItalyBORSA 34021810964.1250.001.690.720.97
SwitzerlandSIX 123883771.5442.051.440.670.77
USPREFERRED 84562566.6744.641.110.340.77
SpainIBEX 51442686.2759.091.250.840.41
MexicoBMV 31251380.6552.001.200.920.28
PhilippinesPSE 1000.000.000.000.000.00
Vietnam HNX 149564.2955.562.673.22-0.56
JordanASE 54180.0025.001.502.25-0.75
USWARRANTS 21050.000.000.001.00-1.00
Greece ATHENS 1712670.5950.001.332.92-1.58
JapanNAGOYA 63050.000.000.001.67-1.67
PortugalLISBON 86175.0016.670.832.67-1.83
Austria WIENERBORSE 2010250.0020.000.403.30-2.90
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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