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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 111100.00100.0020.000.0020.00
OmanMSM 43375.00100.005.330.005.33
The World 153661086170.940.560.030.010.02
GermanyXETRA 8381169.810.
FrancePARIS 2351170.640.600.010.000.01
CanadaTSX 3701173.240.370.010.000.01
TaiwanGTSM 3332173.570.410.010.000.00
ChinaSSE 1901170.000.750.000.000.00
ItalyBORSA 4961167.740.300.000.000.00
NorwayOSE 850071.760.
NetherlandsAMSTERDAM 1280074.
MalaysiaBURSA 790068.350.
MexicoBMV 510064.710.
UAEUAE 70042.860.
Saudi ArabiaTADAWUL 630079.370.
QatarQE 110036.360.
EgyptEGX 890073.
JordanASE 200100.
South KoreaKOSDAQ 4000066.500.
South KoreaKRX 4340068.660.
JapanTOKYO 12920070.670.
IndiaNSE 8760074.890.
IndiaBSE 13540076.
IsraelTASE 1640077.440.
IndonesiaIDX 700070.
Hong KongHKEX 3240075.620.
Greece ATHENS 370070.
CanadaCSE 190073.680.
CanadaTSX-V 770077.920.
BrazilBOVESPA 1110069.370.
BelgiumBRUSSELS 250084.
BangladeshDSE 790069.620.
AustraliaASX 3240066.980.
Austria WIENERBORSE 560060.710.
ArgentinaBUE 890064.
ChileBCS 140064.
SwitzerlandSIX 1570070.700.
SpainIBEX 340079.410.
DenmarkCOPENHAGEN 290079.310.
ChinaSZSE 2420070.
TaiwanTWSE 4760067.650.
TurkeyBIST 1160055.
ThailandSET 1680068.450.
SingaporeSGX 410073.
SwedenSTOCKHOLM 1440071.530.
RussiaMICEX 700081.430.
PortugalLISBON 90066.670.
Poland GPW 910074.730.
PakistanKSE 840080.950.
PhilippinesPSE 230052.
PhilippinesPSE 1000.
Vietnam HOSE 920073.910.
Vietnam HNX 160062.500.
USWARRANTS 150066.670.
USPREFERRED 930076.340.
USOTC PINK 4540072.
USNYSE 13860068.540.
USNASDAQ 7750071.
USAMEX 2250069.330.
UKLSE 9910070.940.
JapanNAGOYA 80075.
JapanFUKUOKA 40075.
KuwaitKSE 182072.
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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