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 1/1/2017
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 111100.00100.0020.000.0020.00
JapanFUKUOKA 21150.00100.0012.000.0012.00
QatarQE 43375.00100.0010.000.0010.00
CanadaCSE 10107100.0070.009.800.309.50
UAEUAE 43175.0033.339.670.679.00
ArgentinaBUE 20111055.0090.917.820.557.27
CanadaTSX-V 32271684.3859.269.742.597.15
KuwaitKSE 54280.0050.007.751.256.50
OmanMSM 43375.00100.005.330.005.33
USOTC PINK 33624514473.8158.065.761.674.09
IsraelTASE 96814884.3859.264.770.903.86
Hong KongHKEX 35525816072.6862.024.550.953.60
Poland GPW 62502780.6554.003.980.863.12
PakistanKSE 93764481.7257.894.010.953.07
PhilippinesPSE 2212754.5558.333.250.253.00
IndiaBSE 98275444176.8858.414.301.552.75
MalaysiaBURSA 66552783.3349.093.400.782.62
BrazilBOVESPA 52422280.7752.383.861.332.52
IndiaNSE 61348027278.3056.673.931.452.48
ChinaSSE 77593576.6259.323.050.632.42
USAMEX 1591165472.9646.553.400.992.41
TurkeyBIST 105693965.7156.523.260.902.36
BelgiumBRUSSELS 24221191.6750.003.000.682.32
ThailandSET 117864473.5051.
Vietnam HOSE 56432676.7960.472.910.672.23
TaiwanGTSM 26018910072.6952.913.060.982.08
NorwayOSE 41311775.6154.843.261.192.06
CanadaTSX 30921211268.6152.832.820.762.06
IndonesiaIDX 46412589.1360.983.221.172.05
South KoreaKOSDAQ 34422913366.8657.833.371.362.01
DenmarkCOPENHAGEN 38281673.6857.142.610.612.00
TaiwanTWSE 35724013967.2357.922.550.671.88
ChinaSZSE 102784476.4756.413.001.171.83
BangladeshDSE 60442573.3356.822.821.001.82
Saudi ArabiaTADAWUL 56371966.0751.352.811.001.81
The World 112618088426471.8752.692.861.051.80
USNASDAQ 58741520770.7049.883.021.261.76
EgyptEGX 73553175.3456.363.311.651.65
SwedenSTOCKHOLM 1671196171.2651.262.931.361.57
SingaporeSGX 37261070.2738.462.811.311.50
South KoreaKRX 33724113471.5155.602.250.851.40
RussiaMICEX 43321574.4246.882.000.631.38
FrancePARIS 1441025470.8352.942.200.841.35
UKLSE 68947525268.9453.051.980.761.21
JapanTOKYO 127089346570.3152.071.991.010.99
USNYSE 102169732668.2746.771.770.820.95
GermanyXETRA 46333414972.1444.611.780.820.95
AustraliaASX 2201667675.4545.782.001.100.90
ItalyBORSA 32621210565.0349.531.580.730.86
USPREFERRED 87582666.6744.831.140.360.78
SwitzerlandSIX 117843471.7940.481.180.690.49
SpainIBEX 50432586.0058.141.280.860.42
NetherlandsAMSTERDAM 72582580.5643.101.331.000.33
MexicoBMV 30241280.0050.001.250.960.29
PhilippinesPSE 1000.
Vietnam HNX 159560.0055.562.673.22-0.56
JordanASE 54180.0025.001.502.25-0.75
Greece ATHENS 1712670.5950.001.332.92-1.58
JapanNAGOYA 63050.
PortugalLISBON 86175.0016.670.832.67-1.83
Austria WIENERBORSE 2010250.0020.000.403.30-2.90
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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