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
QatarQE 53360.00100.0010.000.0010.00
CanadaCSE 12128100.0066.678.670.837.83
UAEUAE 54280.0050.008.000.507.50
KuwaitKSE 75371.4360.
ArgentinaBUE 23141160.8778.576.711.075.64
OmanMSM 43375.00100.005.330.005.33
USOTC PINK 35425815273.4558.465.851.564.29
CanadaTSX-V 44381986.3650.007.453.424.03
Hong KongHKEX 38728417773.3962.324.470.913.56
PhilippinesPSE 2313856.5261.543.690.233.46
IsraelTASE 111945684.6859.574.320.873.45
BrazilBOVESPA 60472478.3351.064.261.302.96
IndonesiaIDX 51473192.1665.963.941.042.89
PakistanKSE 97794481.4455.703.820.972.85
IndiaBSE 107581547675.8158.404.451.622.83
IndiaNSE 68853430677.6257.304.101.542.56
Poland GPW 78603176.9251.673.681.252.43
MalaysiaBURSA 76602878.9546.673.180.782.40
ChinaSSE 89653773.0356.923.150.892.26
BelgiumBRUSSELS 25231292.0052.172.910.652.26
EgyptEGX 81573270.3756.143.811.652.16
CanadaTSX 34024112470.8851.453.010.872.15
SingaporeSGX 42301471.4346.673.271.132.13
ChinaSZSE 122885072.1356.823.221.172.05
South KoreaKOSDAQ 40126815566.8357.843.411.382.03
TaiwanTWSE 41727315565.4756.782.740.751.98
USAMEX 1771255770.6245.603.581.651.94
TaiwanGTSM 29821311071.4851.642.921.001.92
USNASDAQ 67947124069.3750.963.131.231.90
BangladeshDSE 65472672.3155.322.961.061.89
The World 126189016475671.4952.722.981.131.86
Vietnam HOSE 67502974.6358.002.700.861.84
DenmarkCOPENHAGEN 40291672.5055.172.480.661.83
TurkeyBIST 127834365.3551.812.721.001.72
NorwayOSE 47361976.6052.782.831.141.69
SwedenSTOCKHOLM 1891326769.8450.763.181.501.68
ThailandSET 135985172.5952.042.871.201.66
RussiaMICEX 49381677.5542.112.500.841.66
AustraliaASX 2481869175.0048.922.771.121.65
South KoreaKRX 39528115871.1456.232.480.961.52
UKLSE 76951828367.7554.322.280.821.46
NetherlandsAMSTERDAM 85652976.4744.622.350.911.45
FrancePARIS 1731246671.6853.232.350.951.40
JapanTOKYO 142099351569.9351.862.201.071.13
USNYSE 115880537269.5246.212.060.971.09
Saudi ArabiaTADAWUL 64442368.7552.272.571.571.00
ItalyBORSA 37724512464.9950.611.720.730.99
GermanyXETRA 53638816872.3943.301.810.920.89
SpainIBEX 59523188.1459.621.620.960.65
SwitzerlandSIX 133964172.1842.711.400.790.60
USPREFERRED 92602365.2238.330.850.420.43
MexicoBMV 35281480.0050.
ChileBCS 1000.
PhilippinesPSE 1000.
PortugalLISBON 129375.0033.331.111.78-0.67
JordanASE 54180.0025.001.502.25-0.75
Vietnam HNX 1610562.5050.002.403.20-0.80
Greece ATHENS 1712670.5950.001.332.92-1.58
JapanNAGOYA 63050.
Austria WIENERBORSE 2312252.1716.670.332.92-2.58
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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