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 1/1/2016
Stock Exchange 
Per Trade 
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 126650.00100.008.830.008.83
CanadaTSX-V 33281784.8560.719.291.897.39
CanadaCSE 774100.0057.146.570.436.14
OmanMSM 43375.00100.005.330.005.33
USOTC PINK 2231649373.5456.716.241.774.47
NorwayOSE 23161169.5768.754.750.694.06
IsraelTASE 58452777.5960.004.871.163.71
BangladeshDSE 35231565.7165.224.480.783.70
Poland GPW 46362278.2661.114.110.943.17
RussiaMICEX 37271772.9762.963.370.373.00
PakistanKSE 65533281.5460.383.961.022.94
TaiwanGTSM 1641146269.5154.393.530.772.75
IndiaNSE 39429817175.6357.384.181.462.72
IndiaBSE 70952430273.9157.634.071.492.58
Vietnam HOSE 38312181.5867.742.970.482.48
ChinaSZSE 70603285.7153.333.431.082.35
Hong KongHKEX 2031468771.9259.593.491.172.32
PhilippinesPSE 1610662.5060.002.600.302.30
South KoreaKOSDAQ 2271509366.0862.003.551.292.26
FrancePARIS 93573361.2957.893.140.892.25
TurkeyBIST 70492970.0059.183.200.962.24
MalaysiaBURSA 44351679.5545.713.060.832.23
ChinaSSE 40311777.5054.843.000.872.13
BelgiumBRUSSELS 1917889.4747.062.940.882.06
USAMEX 55391970.9148.723.971.972.00
ThailandSET 81593272.8454.242.800.971.83
TaiwanTWSE 2411689669.7157.142.430.601.83
IndonesiaIDX 22211495.4566.673.051.241.81
The World 70905070270371.5153.312.871.111.76
BrazilBOVESPA 34281482.3550.003.181.431.75
USNASDAQ 38126513569.5550.943.021.371.66
Saudi ArabiaTADAWUL 24181075.0055.562.781.221.56
SwedenSTOCKHOLM 102633361.7652.382.921.381.54
GermanyXETRA 27420310274.0950.252.120.691.43
DenmarkCOPENHAGEN 22161172.7368.751.750.441.31
CanadaTSX 1861316470.4348.852.090.881.21
South KoreaKRX 2271589069.6056.961.910.741.17
EgyptEGX 59462877.9760.872.961.871.09
UKLSE 43730216469.1154.301.900.940.96
SwitzerlandSIX 74542372.9742.591.440.570.87
Vietnam HNX 106260.0033.332.331.500.83
USNYSE 62644220970.6147.291.650.840.81
JapanTOKYO 76452926469.2449.911.961.280.68
ItalyBORSA 2021316864.8551.911.220.690.53
SpainIBEX 29261589.6657.691.691.230.46
AustraliaASX 1321023777.2736.271.901.450.45
NetherlandsAMSTERDAM 45372082.2254.051.270.860.41
USPREFERRED 52301157.6936.670.530.400.13
PhilippinesPSE 1000.
SingaporeSGX 2617465.3823.530.880.94-0.06
MexicoBMV 2016780.0043.750.691.19-0.50
JapanNAGOYA 63050.
Greece ATHENS 118372.7337.501.753.88-2.13
PortugalLISBON 43075.
KuwaitKSE 21050.
JordanASE 110100.
Austria WIENERBORSE 84050.
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


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 LLC, nor makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only. is an independent and free website and all the Services provided by LLC at are completely free of charge. LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

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