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 1/1/2019
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 111100.00100.0020.000.0020.00
QatarQE 72128.5750.0012.500.5012.00
USWARRANTS 1610462.5040.0012.602.2010.40
KuwaitKSE 128766.6787.506.380.136.25
CanadaCSE 2115871.4353.337.531.605.93
Poland GPW 96715173.9671.836.680.895.79
OmanMSM 43375.00100.005.330.005.33
USOTC PINK 54239322273.4355.786.842.044.80
PhilippinesPSE 24151162.5073.334.800.134.67
PakistanKSE 93794984.9562.034.851.003.85
IsraelTASE 1641297778.6659.694.540.883.66
Hong KongHKEX 34725015772.0562.804.340.803.54
BangladeshDSE 82553567.0763.644.160.823.35
IndonesiaIDX 66452668.1857.784.161.003.16
CanadaTSX-V 78623479.4954.846.103.003.10
SwedenSTOCKHOLM 1691136566.8657.524.221.183.04
RussiaMICEX 60462676.6756.523.390.592.80
DenmarkCOPENHAGEN 33221666.6772.733.180.412.77
IndiaBSE 1372103158275.2256.404.421.832.59
ChinaSSE 1491036269.1360.193.430.872.55
ChinaSZSE 2381739572.6954.913.501.022.49
AustraliaASX 31421710469.1147.933.671.202.47
CanadaTSX 40228616171.1456.293.280.922.36
South KoreaKOSDAQ 42628016865.7360.003.671.382.29
IndiaNSE 93469740974.6358.683.761.502.26
MalaysiaBURSA 82593171.9552.543.241.022.22
TurkeyBIST 131834263.3650.603.140.992.16
Vietnam HOSE 89664074.1660.613.090.952.14
NorwayOSE 74522770.2751.923.331.272.06
The World 1589411242602870.7753.593.091.131.96
EgyptEGX 93673672.0453.733.661.701.96
BelgiumBRUSSELS 26211580.7771.432.430.481.95
USNASDAQ 85459630169.7950.503.311.371.94
TaiwanTWSE 48232817468.0553.052.560.811.75
SingaporeSGX 43311872.0958.062.610.901.71
ItalyBORSA 47632717068.7051.992.250.581.67
TaiwanGTSM 33624312172.3249.792.741.091.65
South KoreaKRX 45231817970.3556.292.430.821.61
FrancePARIS 2541799970.4755.312.110.611.49
UKLSE 101371838670.8853.762.260.771.48
JapanTOKYO 1452101756470.0455.462.360.961.41
JapanNAGOYA 95255.5640.002.601.201.40
ChileBCS 118572.7362.502.631.251.38
ThailandSET 1761226969.3256.562.521.161.37
BrazilBOVESPA 92653670.6555.382.821.541.28
Austria WIENERBORSE 41261363.4150.002.731.461.27
MexicoBMV 51331864.7154.552.120.881.24
SpainIBEX 45362180.0058.332.311.141.17
PortugalLISBON 108580.0062.502.251.131.13
USNYSE 1496100649567.2549.202.000.891.11
GermanyXETRA 76353623270.2543.281.810.781.03
Saudi ArabiaTADAWUL 62522983.8755.772.401.401.00
SwitzerlandSIX 1581095168.9946.791.600.790.81
ArgentinaBUE 80522065.0038.462.962.210.75
USPREFERRED 88692878.4140.581.100.510.59
UAEUAE 221100.0050.001.501.000.50
NetherlandsAMSTERDAM 122893772.9541.571.441.010.43
USAMEX 2391717871.5545.612.862.450.41
PhilippinesPSE 1000.
Greece ATHENS 31221070.9745.451.862.55-0.68
Vietnam HNX 1410571.4350.002.303.00-0.70
JapanFUKUOKA 21050.
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© family websites


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