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 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
JapanSAPPORO 111100.00100.0020.000.0020.00
QatarQE 62133.3350.0012.500.5012.00
UAEUAE 54280.0050.008.000.507.50
OmanMSM 43375.00100.005.330.005.33
USWARRANTS 73142.8633.336.672.334.33
CanadaTSX-V 63522782.5451.927.443.214.23
BangladeshDSE 63452871.4362.224.960.784.18
USOTC PINK 43631016871.3354.026.542.374.17
KuwaitKSE 332100.0066.675.331.334.00
PhilippinesPSE 24151162.5073.333.870.203.67
IsraelTASE 1321046278.7959.624.520.893.63
Poland GPW 83653878.3158.465.451.953.49
ChinaSZSE 1451096575.1759.634.261.163.10
PakistanKSE 96764379.1756.583.971.002.97
CanadaCSE 148571.4350.003.600.702.90
IndonesiaIDX 58472881.0359.573.981.112.87
ChinaSSE 96703972.9255.713.791.062.73
Hong KongHKEX 32823913872.8757.743.560.962.60
IndiaBSE 108481446875.0957.494.061.602.46
RussiaMICEX 58492784.4855.103.000.572.43
EgyptEGX 92653870.6558.464.081.662.42
IndiaNSE 72653731073.9757.733.921.602.32
BelgiumBRUSSELS 25221388.0059.092.860.592.27
TaiwanGTSM 28420511172.1854.153.050.902.15
South KoreaKOSDAQ 40226816366.6760.823.381.252.12
BrazilBOVESPA 63452271.4348.893.331.222.11
SwedenSTOCKHOLM 1721145666.2849.123.551.482.07
Vietnam HOSE 74593379.7355.932.880.852.03
DenmarkCOPENHAGEN 34251673.5364.002.440.442.00
TaiwanTWSE 40927114666.2653.872.720.821.90
MalaysiaBURSA 75572576.0043.862.951.071.88
The World 132359388488470.9752.002.881.181.69
USNASDAQ 77051726667.1451.453.131.471.67
South KoreaKRX 38327316071.2858.612.230.671.56
AustraliaASX 2611938473.9543.522.891.361.53
CanadaTSX 33423512470.3652.772.450.941.51
UKLSE 79254629769.0754.302.260.831.43
FrancePARIS 1881326770.2150.762.330.931.40
TurkeyBIST 123804165.0451.252.391.031.36
ChileBCS 43375.00100.001.330.001.33
ThailandSET 1521126073.6853.572.491.231.26
ArgentinaBUE 48311364.5841.943.292.131.16
ItalyBORSA 36023211964.7251.071.790.681.10
SingaporeSGX 45311468.8945.
GermanyXETRA 57141116871.9840.881.910.920.99
USAMEX 2041496473.0442.952.891.910.97
JapanTOKYO 130691846170.2950.
USNYSE 124086539469.7645.551.670.930.74
SwitzerlandSIX 127964375.5944.791.410.790.61
NetherlandsAMSTERDAM 97723274.2344.441.500.970.53
NorwayOSE 51361870.5950.001.691.330.36
USPREFERRED 90582264.4437.930.720.410.31
Vietnam HNX 149464.2944.442.782.670.11
MexicoBMV 37261470.2753.851.000.960.04
SpainIBEX 48422387.5054.761.381.380.00
PhilippinesPSE 1000.
Saudi ArabiaTADAWUL 54421977.7845.241.741.93-0.19
PortugalLISBON 1210483.3340.001.101.30-0.20
Greece ATHENS 2115671.4340.001.402.13-0.73
JapanNAGOYA 73042.860.000.001.67-1.67
Austria WIENERBORSE 1911357.8927.271.002.82-1.82
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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