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 1/1/2021
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
CanadaCSE 1816688.8937.509.553.685.87
OmanMSM 43375.00100.005.330.005.33
CanadaTSX-V 74553074.3254.556.982.264.73
Hong KongHKEX 35026215774.8659.925.031.073.96
USOTC PINK 56939821069.9552.765.642.193.46
NorwayOSE 104713968.2754.934.561.133.44
EgyptEGX 101684167.3360.294.521.373.15
DenmarkCOPENHAGEN 35261874.2969.233.780.643.14
ChileBCS 1913968.4269.234.020.923.10
IsraelTASE 2071609277.2957.503.991.032.97
SwedenSTOCKHOLM 1621237275.9358.544.231.312.92
JapanNAGOYA 84250.0050.003.310.392.92
BangladeshDSE 81553567.9063.644.001.172.83
USNASDAQ 91863632869.2851.574.021.342.68
IndonesiaIDX 85553064.7154.553.831.192.64
KuwaitKSE 2718966.6750.003.821.202.63
Vietnam HOSE 1371016073.7259.413.691.082.61
ChinaSZSE 26818710769.7857.223.210.842.37
PortugalLISBON 117463.6457.142.910.572.35
Poland GPW 88643472.7353.133.321.052.27
AustraliaASX 34623311567.3449.363.371.132.24
PakistanKSE 105844680.0054.763.771.742.04
CanadaTSX 41930015571.6051.673.151.122.03
BrazilBOVESPA 1531005165.3651.003.031.141.90
South KoreaKOSDAQ 43430117069.8256.113.291.431.86
PhilippinesPSE 2714851.8557.142.550.701.85
IndiaBSE 1830139275976.0754.533.651.821.84
IndiaNSE 115687347575.5254.413.321.521.81
ChinaSSE 2501899575.6050.262.781.021.77
Austria WIENERBORSE 60362260.0061.112.791.091.70
The World 1814512699656570.7351.152.881.211.67
SpainIBEX 37281975.6867.862.570.911.66
UKLSE 117982141469.7250.362.480.891.58
UAEUAE 84350.0075.002.811.231.58
ThailandSET 1861266867.7453.972.691.121.57
QatarQE 93133.3333.332.480.931.54
South KoreaKRX 47633718970.8056.082.440.901.54
TaiwanTWSE 57738820567.2452.842.420.941.48
SingaporeSGX 38251665.7964.002.661.211.45
FrancePARIS 24318210274.9056.042.330.951.38
TurkeyBIST 131834363.3651.812.881.541.33
Greece ATHENS 40291672.5055.172.721.451.27
MexicoBMV 57381866.6747.372.881.751.13
TaiwanGTSM 39427313869.2950.552.211.081.13
JapanTOKYO 1540107555569.8151.632.191.081.11
ItalyBORSA 59640420867.7951.491.940.841.10
USAMEX 2691938971.7546.112.971.891.07
GermanyXETRA 93665928570.4143.251.880.930.96
USNYSE 1637111953468.3647.721.861.000.87
Saudi ArabiaTADAWUL 73542673.9748.152.241.520.72
SwitzerlandSIX 1781266270.7949.211.260.760.49
JapanFUKUOKA 65283.3340.000.840.380.46
Vietnam HNX 1912763.1658.331.380.950.43
NetherlandsAMSTERDAM 143964067.1341.671.230.820.40
BelgiumBRUSSELS 2217877.2747.061.110.910.19
RussiaMICEX 660077.270.000.000.000.00
USWARRANTS 150066.670.000.000.000.00
USPREFERRED 930076.340.000.000.000.00
PakistanKSE 110100.000.000.000.000.00
PhilippinesPSE 1000.000.000.000.000.00
IndonesiaIDX 1000.000.000.000.000.00
ArgentinaBUE 1000.000.000.000.000.00
BangladeshDSE 111100.00100.000.000.000.00
MalaysiaBURSA 93602564.5241.671.752.22-0.47
ArgentinaBUE 59431572.8834.881.562.20-0.64
JordanASE 220100.000.000.003.81-3.81
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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