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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
JapanSAPPORO 111100.00100.0020.000.0020.00
QatarQE 62133.3350.0012.500.5012.00
Poland GPW 90664573.3368.186.410.955.45
OmanMSM 43375.00100.005.330.005.33
PhilippinesPSE 23151165.2273.334.800.134.67
USOTC PINK 50035920573.0056.166.612.114.50
KuwaitKSE 74357.1475.004.750.254.50
USWARRANTS 116254.5533.336.001.834.17
CanadaCSE 1914773.6850.005.862.073.79
BangladeshDSE 69473068.1263.834.550.813.74
IsraelTASE 1461156678.7757.394.550.923.63
PakistanKSE 88754485.2358.674.561.053.51
IndonesiaIDX 60422570.0059.524.381.053.33
Hong KongHKEX 31722713771.6160.353.880.942.94
CanadaTSX-V 71562878.8750.006.073.162.91
ChinaSSE 132925569.7059.783.600.862.74
DenmarkCOPENHAGEN 31211667.7476.193.100.382.71
ChinaSZSE 2081498371.6355.703.741.072.67
ChileBCS 95555.56100.002.600.002.60
SwedenSTOCKHOLM 1551035666.4554.373.821.282.53
RussiaMICEX 62492979.0359.183.080.552.53
IndiaBSE 121490750374.7955.404.191.782.41
CanadaTSX 37125614469.0056.253.260.882.38
South KoreaKOSDAQ 39926215665.6659.543.541.262.28
BelgiumBRUSSELS 22181381.8272.222.720.442.28
TurkeyBIST 121763862.8150.003.220.952.28
MalaysiaBURSA 73542873.9751.853.331.092.24
Vietnam HOSE 81643879.0159.383.110.942.17
AustraliaASX 2902009268.9746.003.241.172.07
IndiaNSE 83561835574.0157.443.611.592.02
EgyptEGX 87623271.2651.613.691.682.02
SingaporeSGX 40291872.5062.072.790.901.90
USNASDAQ 80555527468.9449.373.261.381.88
The World 1457210230539670.2952.682.961.131.83
TaiwanGTSM 30822211372.0850.902.891.091.81
TaiwanTWSE 45631216668.4253.212.440.771.67
NorwayOSE 62422167.7450.002.951.291.67
South KoreaKRX 42529816870.1256.382.390.841.55
ItalyBORSA 41628114167.7950.001.990.601.39
JapanTOKYO 134694752070.3654.912.320.961.37
Austria WIENERBORSE 40251362.5052.002.841.481.36
UKLSE 92864633969.7252.402.130.801.34
ThailandSET 1571096269.4356.882.361.061.29
FrancePARIS 2251598770.6754.721.910.651.26
BrazilBOVESPA 82553168.2955.362.571.411.16
PortugalLISBON 98588.8962.502.251.131.13
SpainIBEX 43352181.4060.002.231.111.11
USNYSE 140393644766.7147.761.930.871.06
JapanNAGOYA 94144.4425.002.501.501.00
GermanyXETRA 65545119369.0142.701.830.831.00
USAMEX 2261637272.1244.172.641.800.83
SwitzerlandSIX 1441004469.4444.001.590.760.83
MexicoBMV 45271460.0051.851.520.930.59
ArgentinaBUE 66421665.1537.212.652.140.51
UAEUAE 32166.6750.001.501.000.50
NetherlandsAMSTERDAM 103733070.8741.101.421.070.36
Saudi ArabiaTADAWUL 61512683.6150.981.881.590.29
USPREFERRED 85642375.2935.940.720.480.23
JapanFUKUOKA 2000.000.000.000.000.00
PhilippinesPSE 1000.000.000.000.000.00
Greece ATHENS 2818967.8647.371.681.89-0.21
Vietnam HNX 129575.0055.562.563.11-0.56
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 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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