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 1/1/2017
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
KuwaitKSE 554100.0080.009.400.808.60
UAEUAE 54280.0050.008.000.507.50
CanadaCSE 11118100.0072.738.090.647.45
QatarQE 64366.6775.007.500.257.25
OmanMSM 43375.00100.005.330.005.33
CanadaTSX-V 49412283.6753.667.763.204.56
ArgentinaBUE 33211363.6461.906.141.714.43
USOTC PINK 41430217773.6758.035.921.644.28
PhilippinesPSE 2514956.0064.293.930.213.71
Hong KongHKEX 40429618173.2761.154.390.933.46
IsraelTASE 1231046384.5560.584.130.853.28
BrazilBOVESPA 62482577.4252.084.231.272.96
PakistanKSE 104834779.8156.633.730.982.76
IndiaBSE 113185849475.8657.584.381.682.70
MalaysiaBURSA 83633075.9047.623.210.792.41
IndiaNSE 73556231776.4656.413.971.572.40
IndonesiaIDX 55523394.5563.463.731.372.37
BelgiumBRUSSELS 25231292.0052.172.910.652.26
CanadaTSX 37226113770.1652.492.950.832.12
Poland GPW 83643577.1154.693.981.882.11
EgyptEGX 88623470.4554.843.681.612.06
ChileBCS 21150.00100.002.000.002.00
ChinaSZSE 132975673.4857.733.221.231.99
South KoreaKOSDAQ 41827616166.0358.333.331.351.98
ChinaSSE 95724075.7955.563.011.041.97
USNASDAQ 75051526868.6752.043.171.211.97
USAMEX 1911376371.7345.993.621.661.96
TaiwanGTSM 31522812172.3853.072.921.001.92
BangladeshDSE 65472672.3155.322.961.061.89
TaiwanTWSE 43829316666.8956.662.650.781.87
SingaporeSGX 46341573.9144.123.091.241.85
DenmarkCOPENHAGEN 40291672.5055.172.480.661.83
The World 133969559503571.3852.662.961.141.82
TurkeyBIST 126834565.8754.222.780.991.80
NorwayOSE 48372077.0854.052.841.111.73
Vietnam HOSE 73553275.3458.182.530.821.71
AustraliaASX 2641969674.2448.982.861.181.67
ThailandSET 1451075573.7951.402.781.191.59
South KoreaKRX 38527015570.1357.412.500.911.59
RussiaMICEX 51401778.4342.502.400.831.58
UKLSE 81855030467.2455.272.330.821.51
SwedenSTOCKHOLM 1941386871.1349.283.071.571.50
NetherlandsAMSTERDAM 91723279.1244.442.191.031.17
JapanTOKYO 1498105054170.0951.522.171.061.12
FrancePARIS 1811316872.3851.912.050.971.08
USNYSE 128387940468.5145.961.980.971.01
ItalyBORSA 38525112465.1949.401.690.730.96
GermanyXETRA 55440417272.9242.571.800.950.85
Saudi ArabiaTADAWUL 70482368.5747.922.351.730.63
USPREFERRED 106692865.0940.581.010.390.62
SwitzerlandSIX 1421044473.2442.311.330.820.51
MexicoBMV 36281477.7850.001.141.000.14
SpainIBEX 61543188.5257.411.171.110.06
PhilippinesPSE 1000.000.000.000.000.00
Greece ATHENS 1612675.0050.001.331.75-0.42
PortugalLISBON 129375.0033.331.111.78-0.67
JordanASE 54180.0025.001.502.25-0.75
Vietnam HNX 149464.2944.442.333.56-1.22
JapanNAGOYA 63050.000.000.001.67-1.67
Austria WIENERBORSE 1610262.5020.001.103.10-2.00
USWARRANTS 53060.000.000.006.33-6.33
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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