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 pattern indicates a strong reversal in the market. It is characterized by three normal or long candlesticks decrementing downwards. The opening of each day is slightly higher than previous close and prices progressively close at lower levels. This staircase like behavior signals the reversal of the trend.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. Three consecutive normal or long black candlesticks are observed.
3. Each candlestick opens within the body of the previous day.
4. Candlesticks progressively close at new lows, below the preceding day.
Pattern Requirements and Flexibility
The Three Black Crows consists of three consecutive normal or long black candlesticks. The last two candlesticks must open within the range of the preceding candlestick and close lower.
Trader’s Behavior
The pattern appears in a context where the market has stayed at a high price for too long. The market is still going up and it is now approaching a top or has already reached the top. Then we see a decisive downward attempt represented by the first black candlestick. Erosion of prices continues in the next two days characterized by lower closes. Bulls are now forced to take profits.
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
CanadaCSE 107570.0071.4311.002.298.71
Greece ATHENS 149464.2944.447.111.675.44
DenmarkCOPENHAGEN 34161047.0662.505.941.004.94
NorwayOSE 74482864.8658.335.941.564.38
PhilippinesPSE 35221562.8668.185.231.643.59
USOTC PINK 50636318971.9451.926.873.323.54
IndonesiaIDX 96704472.9262.864.601.163.44
Austria WIENERBORSE 1810455.5640.005.301.903.40
ThailandSET 108824775.9357.324.270.903.37
AustraliaASX 2091257859.8162.404.381.223.17
PortugalLISBON 1210583.3350.003.500.503.00
ArgentinaBUE 111100.00100.
South KoreaKOSDAQ 62942726967.8963.
IndiaBSE 28882115119773.2356.604.311.402.91
PakistanKSE 26118111369.3562.434.091.252.85
Poland GPW 111764368.4756.584.621.922.70
BrazilBOVESPA 2001316665.5050.383.791.182.60
IndiaNSE 2476177796171.7754.083.911.342.57
USNASDAQ 112579042470.2253.674.341.812.52
South KoreaKRX 45134420976.5060.583.480.982.50
USAMEX 1711156367.2554.783.941.432.50
Vietnam HNX 64266.6750.003.501.002.50
ChileBCS 64366.6775.003.250.752.50
TurkeyBIST 43328915766.7454.333.761.272.49
CanadaTSX 33723513969.7359.153.601.132.48
Hong KongHKEX 45231116968.8154.343.541.152.40
MalaysiaBURSA 56392669.6466.673.621.262.36
TaiwanGTSM 47931619165.9760.443.150.812.34
The World 1881313100725669.6655.363.571.272.30
Vietnam HOSE 2616561.5431.
ChinaSZSE 34123313068.3355.793.291.052.24
BangladeshDSE 25017510270.0058.293.060.862.20
UKLSE 53336819569.2352.853.291.142.16
BelgiumBRUSSELS 45341975.5655.883.030.882.15
SwedenSTOCKHOLM 2411589266.3957.503.591.472.13
SingaporeSGX 32211265.6357.142.710.672.05
IndiaNSE 111100.00100.
ItalyBORSA 111100.00100.
PortugalLISBON 111100.00100.
NetherlandsAMSTERDAM 111100.00100.
FrancePARIS 111100.00100.
Greece ATHENS 111100.00100.
SpainIBEX 111100.00100.
GermanyXETRA 111100.00100.
Austria WIENERBORSE 111100.00100.
BelgiumBRUSSELS 111100.00100.
RussiaMICEX 97613562.8957.382.700.751.95
MexicoBMV 72473065.2863.832.700.811.89
ChinaSSE 2081377965.8757.662.770.911.86
EgyptEGX 65522380.0044.232.871.151.71
TaiwanTWSE 55636519665.6553.702.610.901.71
Saudi ArabiaTADAWUL 89583065.1751.722.690.981.71
SpainIBEX 60442173.3347.732.841.321.52
USNYSE 111174339466.8853.032.430.911.52
IsraelTASE 1671166269.4653.452.761.281.48
JapanTOKYO 97664334865.8854.122.491.101.39
ItalyBORSA 32123911774.4548.952.371.001.37
ArgentinaBUE 47321868.0956.252.781.531.25
FrancePARIS 26018310070.3854.642.951.701.25
CanadaTSX-V 48351872.9251.434.233.061.17
NetherlandsAMSTERDAM 86612370.9337.702.591.561.03
BangladeshDSE 21150.00100.
UAEUAE 31133.33100.
MalaysiaBURSA 111100.00100.
GermanyXETRA 48435116672.7347.
USPREFERRED 100663866.0057.581.480.610.88
SwitzerlandSIX 91603165.9351.671.630.870.77
USWARRANTS 64266.6750.007.757.000.75
PhilippinesPSE 111100.00100.
PakistanKSE 1000.
NorwayOSE 1000.
MexicoBMV 105350.0060.000.400.400.00
UAEUAE 54180.0025.
JapanTOKYO 110100.
IndonesiaIDX 1000.
Hong KongHKEX 1000.
ChinaSSE 1000.
ChileBCS 1000.
TurkeyBIST 1000.
TaiwanGTSM 1000.
SingaporeSGX 21150.00100.
SwedenSTOCKHOLM 21150.00100.
UKLSE 1000.
Vietnam HOSE 111100.00100.
JapanNAGOYA 31033.330.000.001.00-1.00
QatarQE 73142.8633.330.001.00-1.00
OmanMSM 110100.
BrazilBOVESPA 110100.
JapanFUKUOKA 221100.0050.000.502.00-1.50
JordanASE 110100.
KuwaitKSE 21050.
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


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 LLC, nor makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only. is an independent and free website and all the Services provided by LLC at are completely free of charge. LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that and LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.