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.
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.
Pattern Performance in Stock Exchanges since 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 111100.00100.0020.000.0020.00
USWARRANTS 63250.0066.6718.330.3318.00
QatarQE 72128.5750.0012.500.5012.00
UAEUAE 54280.0050.008.000.507.50
OmanMSM 43375.00100.005.330.005.33
PhilippinesPSE 25161264.0075.004.560.194.38
USOTC PINK 46633718872.3255.796.562.304.26
CanadaTSX-V 66562984.8551.797.203.144.05
KuwaitKSE 332100.0066.675.331.334.00
BangladeshDSE 67462868.6660.874.850.913.93
IsraelTASE 1341056178.3658.104.700.903.80
CanadaCSE 1410671.4360.004.700.903.80
Poland GPW 89684076.4058.825.222.003.22
PakistanKSE 99784578.7957.694.080.973.10
IndonesiaIDX 61493080.3361.
ChinaSZSE 1501156976.6760.
ChinaSSE 101744273.2756.763.931.032.91
RussiaMICEX 62512982.2656.863.270.552.73
Hong KongHKEX 33924814573.1658.473.591.002.59
IndiaBSE 113985949375.5057.334.071.622.45
TaiwanGTSM 29521511672.8853.953.210.902.32
BelgiumBRUSSELS 26221384.6259.092.860.592.27
EgyptEGX 93663870.9757.583.911.652.26
IndiaNSE 75556132474.5757.553.871.622.25
Vietnam HOSE 79633679.7557.143.050.832.22
South KoreaKOSDAQ 41827716966.2761.013.441.292.16
BrazilBOVESPA 67492473.1348.983.241.202.04
SwedenSTOCKHOLM 1791195967.0449.173.481.491.98
TaiwanTWSE 43529115966.9054.642.700.801.90
DenmarkCOPENHAGEN 35241568.5762.502.330.461.88
Austria WIENERBORSE 2717862.9647.063.711.881.82
USNASDAQ 80154828568.4152.013.281.451.82
The World 137549774510971.1152.242.921.181.73
MalaysiaBURSA 80612676.2542.622.801.131.67
AustraliaASX 2772018972.9244.062.941.301.64
South KoreaKRX 40528916971.3658.482.300.671.63
TurkeyBIST 126814264.2951.852.541.021.52
CanadaTSX 34824212669.8351.852.380.931.45
UKLSE 83557931469.3454.232.240.821.42
NorwayOSE 53382071.7052.632.791.371.42
FrancePARIS 1941346869.0750.752.310.921.40
ChileBCS 43375.00100.001.330.001.33
ThailandSET 1611156171.4353.042.341.151.19
ArgentinaBUE 49311363.2741.943.292.131.16
GermanyXETRA 56440417371.6342.822.050.891.16
SingaporeSGX 45311468.8945.162.321.191.13
ItalyBORSA 38024912565.5350.201.770.671.09
USAMEX 2121556873.1143.872.761.830.94
JapanTOKYO 134494247570.0950.422.171.250.91
USNYSE 128689340669.4445.461.680.920.76
SwitzerlandSIX 1341024676.1245.101.330.760.57
MexicoBMV 41291570.7351.721.410.900.52
Vietnam HNX 1510566.6750.002.902.400.50
NetherlandsAMSTERDAM 98723173.4743.061.501.000.50
USPREFERRED 89582265.1737.930.740.450.29
PhilippinesPSE 1000.
SpainIBEX 50442388.0052.271.321.41-0.09
PortugalLISBON 1311484.6236.361.001.27-0.27
Saudi ArabiaTADAWUL 55441980.0043.181.662.02-0.36
Greece ATHENS 2217677.2735.291.242.65-1.41
JapanNAGOYA 73042.860.000.001.67-1.67
JordanASE 32066.670.000.004.00-4.00
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© family websites


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