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
ArgentinaBUE 137753.85100.007.710.007.71
CanadaTSX-V 30261686.6761.548.652.046.62
CanadaCSE 774100.0057.146.570.436.14
OmanMSM 43375.00100.005.330.005.33
USOTC PINK 2401769973.3356.255.971.864.11
Poland GPW 48382479.1763.164.710.893.82
IsraelTASE 61483078.6962.504.831.063.77
NorwayOSE 25171168.0064.714.410.823.59
PakistanKSE 68553480.8861.824.020.983.04
BangladeshDSE 41281768.2960.713.710.822.89
Vietnam HOSE 37312283.7870.973.320.452.87
IndiaNSE 40730917875.9257.614.201.432.78
IndiaBSE 72353931474.5558.264.141.462.69
ChinaSZSE 74633485.1453.973.751.062.68
TaiwanGTSM 1691196470.4153.783.440.762.68
ChinaSSE 44352079.5557.143.430.772.66
RussiaMICEX 40301775.0056.673.030.432.60
MalaysiaBURSA 45361780.0047.223.360.812.56
Hong KongHKEX 2101528972.3858.553.571.142.43
TurkeyBIST 72513070.8358.823.310.942.37
PhilippinesPSE 1610662.5060.002.600.302.30
FrancePARIS 97613662.8959.023.110.902.21
South KoreaKOSDAQ 2341559466.2460.653.541.352.18
IndonesiaIDX 30261686.6761.543.271.152.12
BelgiumBRUSSELS 1917889.4747.062.940.882.06
TaiwanTWSE 2461719769.5156.732.580.601.98
The World 74285324283971.6753.322.861.101.75
USNASDAQ 40028014070.0050.003.081.401.68
Saudi ArabiaTADAWUL 26211380.7761.902.711.051.67
ThailandSET 87623271.2651.612.691.061.63
GermanyXETRA 28621010773.4350.952.310.701.62
BrazilBOVESPA 38311681.5851.612.901.391.52
SwedenSTOCKHOLM 104663563.4653.032.831.381.45
EgyptEGX 61483078.6962.503.001.791.21
South KoreaKRX 2361639569.0758.281.910.721.19
DenmarkCOPENHAGEN 23171173.9164.711.650.471.18
CanadaTSX 1931356669.9548.891.930.851.08
UKLSE 45230816568.1453.571.870.960.91
USNYSE 65946322070.2647.521.670.830.84
Vietnam HNX 126250.0033.332.331.500.83
USAMEX 95723175.7943.062.141.320.82
SwitzerlandSIX 79612777.2244.261.360.570.79
JapanTOKYO 79555428069.6950.541.941.270.67
AustraliaASX 1461114276.0337.841.951.420.53
SpainIBEX 31281690.3257.141.641.140.50
ItalyBORSA 2121377064.6251.091.200.710.50
NetherlandsAMSTERDAM 49382077.5552.631.240.840.39
USPREFERRED 56331358.9339.390.550.390.15
PhilippinesPSE 1000.000.000.000.000.00
USWARRANTS 1000.000.000.000.000.00
SingaporeSGX 2617465.3823.530.880.94-0.06
MexicoBMV 2016780.0043.750.691.19-0.50
JapanNAGOYA 73042.860.000.001.67-1.67
Greece ATHENS 129475.0044.441.673.44-1.78
PortugalLISBON 43075.000.000.003.33-3.33
KuwaitKSE 21050.000.000.004.00-4.00
Austria WIENERBORSE 106160.0016.670.004.00-4.00
JordanASE 110100.000.000.005.00-5.00
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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