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 1/1/2015
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
JapanFUKUOKA 21150.00100.0012.000.0012.00
CanadaTSX-V 25211484.0066.6711.811.3810.43
CanadaCSE 665100.0083.3310.670.5010.17
QatarQE 43375.00100.0010.000.0010.00
UAEUAE 43175.0033.339.670.679.00
KuwaitKSE 54280.0050.007.751.256.50
OmanMSM 43375.00100.005.330.005.33
ArgentinaBUE 1510766.6770.005.400.904.50
USAMEX 66482772.7356.255.581.234.35
JordanASE 43275.0066.674.670.334.33
USOTC PINK 2301739475.2254.345.851.654.20
Hong KongHKEX 28120613073.3163.114.850.973.89
BrazilBOVESPA 39342087.1858.824.681.123.56
PakistanKSE 77613779.2260.664.021.032.98
NorwayOSE 30241580.0062.504.001.042.96
MalaysiaBURSA 51432284.3151.163.600.882.72
ChinaSSE 46352376.0965.713.370.662.71
TurkeyBIST 79563370.8958.933.610.932.68
PhilippinesPSE 2011655.0054.552.910.272.64
TaiwanGTSM 2071488171.5054.733.470.862.61
ThailandSET 93693674.1952.173.420.862.57
IndiaBSE 83262136274.7658.204.061.532.53
IsraelTASE 61482778.6956.253.671.152.52
IndiaNSE 48738121678.2356.693.931.502.43
BangladeshDSE 41291670.7355.173.521.242.28
Poland GPW 55442480.0054.553.110.862.25
South KoreaKOSDAQ 28019411469.2958.763.441.312.13
Saudi ArabiaTADAWUL 48301662.5053.332.970.972.00
CanadaTSX 2451719069.8052.632.850.861.99
Vietnam HOSE 45321971.1159.382.690.721.97
FrancePARIS 104724669.2363.892.760.811.96
The World 85256155335372.2154.472.971.041.92
USNASDAQ 44931716370.6051.423.071.171.90
IndonesiaIDX 31292193.5572.412.901.001.90
RussiaMICEX 29191065.5252.632.530.631.89
BelgiumBRUSSELS 1918794.7438.892.720.891.83
TaiwanTWSE 27719111168.9558.122.440.631.81
ChinaSZSE 62522983.8755.772.771.101.67
SwedenSTOCKHOLM 135965271.1154.173.041.401.65
South KoreaKRX 25518410872.1658.702.350.781.57
SingaporeSGX 3223771.8830.432.831.261.57
EgyptEGX 61462675.4156.522.911.611.30
UKLSE 52336920370.5555.012.080.831.24
USNYSE 75553426270.7349.061.970.741.23
JapanTOKYO 96265635168.1953.512.150.991.16
AustraliaASX 1491175878.5249.572.231.111.12
SwitzerlandSIX 94683172.3445.591.650.621.03
USPREFERRED 62392062.9051.281.260.280.97
GermanyXETRA 34325412374.0548.431.810.830.97
DenmarkCOPENHAGEN 28191167.8657.891.630.790.84
ItalyBORSA 2461688568.2950.601.440.760.68
SpainIBEX 41342082.9358.821.560.880.68
NetherlandsAMSTERDAM 48392081.2551.281.460.920.54
MexicoBMV 2016880.0050.001.380.940.44
USWARRANTS 1000.000.000.000.000.00
PhilippinesPSE 1000.000.000.000.000.00
Greece ATHENS 117463.6457.141.712.43-0.71
Vietnam HNX 1511573.3345.452.273.27-1.00
JapanNAGOYA 53060.000.000.001.67-1.67
PortugalLISBON 64066.670.000.003.50-3.50
Austria WIENERBORSE 72028.570.000.003.50-3.50
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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