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 1/1/2017
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
KuwaitKSE 554100.0080.009.400.808.60
UAEUAE 54280.0050.008.000.507.50
QatarQE 74357.1475.007.500.257.25
OmanMSM 43375.00100.005.330.005.33
CanadaCSE 119681.8266.675.440.674.78
CanadaTSX-V 54452483.3353.337.783.244.53
USOTC PINK 44531917872.3655.285.841.903.94
IsraelTASE 1331086581.2060.194.320.853.47
PhilippinesPSE 2615957.6960.003.670.203.47
Hong KongHKEX 40730018373.7161.004.120.943.19
BrazilBOVESPA 66482572.7352.084.231.272.96
BangladeshDSE 71523073.2457.694.001.062.94
PakistanKSE 106864981.1356.983.860.942.92
Poland GPW 92713977.1754.934.681.802.87
IndiaBSE 117589451876.1757.884.321.662.66
ArgentinaBUE 46281663.0455.174.621.972.66
ChinaSZSE 1371026074.4558.823.751.202.55
IndonesiaIDX 65563486.1560.713.641.292.36
BelgiumBRUSSELS 27241388.8954.172.960.632.33
IndiaNSE 76658433476.2457.193.901.602.30
MalaysiaBURSA 87683278.1647.063.010.872.15
ChinaSSE 99734173.7456.163.181.052.12
South KoreaKOSDAQ 42928516866.4358.953.391.352.04
CanadaTSX 38327514971.8054.182.850.832.02
EgyptEGX 94663670.2154.553.561.552.02
ChileBCS 32266.67100.002.000.002.00
USAMEX 2011486673.6344.593.501.591.91
SingaporeSGX 49351671.4345.713.091.201.89
Vietnam HOSE 77593476.6257.632.710.831.88
USNASDAQ 77553827869.4251.673.131.251.88
DenmarkCOPENHAGEN 42291669.0555.172.480.661.83
TaiwanGTSM 33324012872.0753.332.851.031.83
SwedenSTOCKHOLM 1991427271.3650.703.341.521.82
TaiwanTWSE 46430417165.5256.252.600.801.80
The World 1423010160536071.4752.702.921.141.78
TurkeyBIST 132874865.9155.172.720.981.75
AustraliaASX 28221110574.8249.762.811.131.68
South KoreaKRX 41229116970.6358.082.480.881.60
RussiaMICEX 52411878.8543.902.340.801.54
UKLSE 84957632268.2055.612.320.781.54
ThailandSET 1521135674.3449.562.591.221.37
FrancePARIS 1921387372.4052.522.250.911.35
NorwayOSE 53412177.3651.222.661.371.29
JapanTOKYO 1552109056470.2351.742.201.061.14
ItalyBORSA 40126012865.0949.041.800.751.05
GermanyXETRA 58741517770.7042.651.840.930.91
USNYSE 134493342969.4245.981.850.960.89
SwitzerlandSIX 1401044874.2946.151.400.790.62
NetherlandsAMSTERDAM 94723276.6044.441.641.030.61
Saudi ArabiaTADAWUL 75502366.6746.002.261.700.56
USPREFERRED 108722866.6738.890.960.400.56
USWARRANTS 74157.1425.005.004.750.25
MexicoBMV 37291578.3851.721.170.970.21
SpainIBEX 61543188.5257.411.301.110.19
Greece ATHENS 1814877.7857.141.641.500.14
PhilippinesPSE 1000.000.000.000.000.00
PortugalLISBON 139369.2333.331.111.78-0.67
JordanASE 441100.0025.001.502.25-0.75
Vietnam HNX 1410471.4340.002.103.60-1.50
JapanNAGOYA 63050.000.000.001.67-1.67
Austria WIENERBORSE 1610262.5020.001.103.10-2.00
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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