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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
QatarQE 111100.00100.0025.000.0025.00
JapanSAPPORO 111100.00100.0020.000.0020.00
JapanFUKUOKA 21150.00100.0012.000.0012.00
UAEUAE 331100.0033.339.670.679.00
CanadaCSE 98588.8962.507.750.387.38
ArgentinaBUE 158853.33100.
CanadaTSX-V 29251586.2160.008.722.126.60
OmanMSM 43375.00100.005.330.005.33
USOTC PINK 24918010672.2958.896.441.724.72
Poland GPW 49392479.5961.545.510.954.56
PakistanKSE 70573581.4361.404.560.963.60
IsraelTASE 67533179.1058.494.381.093.28
Vietnam HOSE 38322384.2171.883.560.533.03
NorwayOSE 24161066.6762.503.750.882.88
IndiaNSE 41731718376.0257.734.181.402.77
IndiaBSE 73254532074.4558.724.151.432.71
BangladeshDSE 44311870.4558.063.350.742.61
TaiwanGTSM 1801276970.5654.333.360.772.59
RussiaMICEX 41311875.6158.063.060.482.58
ChinaSZSE 77653684.4255.383.681.112.57
MalaysiaBURSA 45361780.0047.223.360.812.56
ChinaSSE 49372175.5156.763.320.782.54
TurkeyBIST 75523169.3359.623.420.922.50
Hong KongHKEX 2191569271.2358.973.551.102.45
PhilippinesPSE 1710658.8260.002.600.302.30
BelgiumBRUSSELS 21191090.4852.633.000.792.21
South KoreaKOSDAQ 2451589564.9059.753.531.342.19
FrancePARIS 102623660.7858.063.060.942.13
IndonesiaIDX 30261686.6761.543.271.152.12
TaiwanTWSE 26318210569.2057.692.600.641.96
The World 77765551295771.4053.262.881.101.78
GermanyXETRA 32023311572.8149.362.330.721.62
SwedenSTOCKHOLM 113754166.3754.672.931.331.60
DenmarkCOPENHAGEN 24181275.0066.671.940.441.50
ThailandSET 90653372.2250.772.621.121.49
USNASDAQ 42129314269.6048.462.951.481.47
Saudi ArabiaTADAWUL 28231382.1456.522.571.131.43
BrazilBOVESPA 39321682.0550.002.811.441.38
CanadaTSX 2011417170.1550.352.160.831.33
South KoreaKRX 24617010069.1158.821.960.701.26
USAMEX 100743274.0043.242.571.311.26
EgyptEGX 62492979.0359.182.901.841.06
UKLSE 48332217466.6754.041.880.920.96
ItalyBORSA 2261487665.4951.351.590.680.91
USNYSE 68948022769.6747.291.670.820.85
JapanTOKYO 82358029270.4750.341.991.260.73
SwitzerlandSIX 83632775.9042.861.320.600.71
SpainIBEX 32291790.6358.621.661.100.55
AustraliaASX 1561204576.9237.501.881.390.48
NetherlandsAMSTERDAM 54422277.7852.381.210.860.36
USPREFERRED 59351459.3240.000.660.400.26
PhilippinesPSE 1000.
MexicoBMV 2218981.8250.001.001.06-0.06
SingaporeSGX 2617465.3823.530.880.94-0.06
Vietnam HNX 127358.3342.862.713.00-0.29
JapanNAGOYA 73042.860.000.001.67-1.67
Greece ATHENS 1410371.4330.001.403.90-2.50
PortugalLISBON 43075.
KuwaitKSE 21050.
Austria WIENERBORSE 116054.550.000.004.33-4.33
JordanASE 110100.
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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