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
QatarQE 72128.5750.0012.500.5012.00
USWARRANTS 84250.0050.
OmanMSM 43375.00100.005.330.005.33
CanadaTSX-V 65553084.6254.557.222.674.55
PhilippinesPSE 27171362.9676.474.530.184.35
USOTC PINK 52037521072.8855.416.542.274.27
KuwaitKSE 53260.0066.675.331.334.00
Poland GPW 94724477.6660.
CanadaCSE 1914773.6850.005.862.213.64
BangladeshDSE 76533369.7462.264.490.853.64
IsraelTASE 1441136478.4756.644.480.873.61
RussiaMICEX 73613583.5657.383.540.562.98
IndonesiaIDX 68513175.0060.783.901.022.88
PakistanKSE 106844979.2558.333.931.062.87
ChinaSZSE 1781358075.8459.
ChileBCS 54480.00100.002.750.002.75
EgyptEGX 103754472.8258.674.311.562.75
ChinaSSE 110804472.7355.003.731.092.64
Hong KongHKEX 35625314871.0758.503.501.022.48
SwedenSTOCKHOLM 1821196065.3850.423.591.412.18
BelgiumBRUSSELS 28231482.1460.872.740.572.17
TaiwanGTSM 32223212272.0552.593.030.882.16
DenmarkCOPENHAGEN 36251669.4464.002.520.442.08
South KoreaKOSDAQ 44329317566.1459.733.421.342.07
IndiaBSE 1346100855474.8954.963.771.712.06
Vietnam HOSE 83663879.5257.582.850.802.05
IndiaNSE 88766236974.6355.743.651.661.99
TaiwanTWSE 48032217567.0854.352.800.801.99
USNASDAQ 86459330068.6350.593.201.451.75
The World 1518310745554670.8351.572.861.191.66
BrazilBOVESPA 74542572.9746.302.911.311.59
AustraliaASX 3002139571.0044.602.941.371.57
South KoreaKRX 44931718470.6058.042.290.761.53
FrancePARIS 2091427267.9450.702.300.851.44
NorwayOSE 61432270.4951.162.671.261.42
TurkeyBIST 130854365.3850.592.531.131.40
UKLSE 95266334569.7551.962.190.801.39
CanadaTSX 38326213368.4150.762.441.101.34
MalaysiaBURSA 89672975.2843.282.701.391.31
ItalyBORSA 42827913965.1949.821.950.701.25
Austria WIENERBORSE 35221162.8650.002.771.551.23
ThailandSET 1891366971.9650.742.211.131.09
SingaporeSGX 48341670.8347.
GermanyXETRA 66246619770.5442.181.880.881.00
JapanTOKYO 142199550270.0250.452.141.240.91
USNYSE 138196245069.6646.781.730.870.86
USAMEX 2351697171.9142.012.631.850.78
Vietnam HNX 1510566.6750.002.902.400.50
SwitzerlandSIX 1541135073.3844.251.270.780.50
ArgentinaBUE 60381465.0035.902.742.260.49
SpainIBEX 53442583.0256.821.501.140.36
NetherlandsAMSTERDAM 110773170.0040.261.351.010.34
UAEUAE 53160.0033.331.000.670.33
USPREFERRED 82582070.7334.480.660.480.17
MexicoBMV 44311670.4551.611.191.060.13
JapanFUKUOKA 1000.
PhilippinesPSE 1000.
PortugalLISBON 1110490.9140.001.101.30-0.20
Saudi ArabiaTADAWUL 59492183.0542.861.572.12-0.55
Greece ATHENS 2417775.0038.891.612.17-0.56
JapanNAGOYA 83037.500.000.001.67-1.67
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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