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 1/1/2017
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 73242.8666.6713.001.3311.67
USOTC PINK 35326215175.0756.987.252.055.21
IndonesiaIDX 74533671.6267.925.280.814.47
RussiaMICEX 60412768.3365.855.240.884.37
ThailandSET 87633572.4155.565.270.954.32
Poland GPW 86553663.9565.454.820.754.07
NorwayOSE 51352068.6357.145.601.604.00
PortugalLISBON 1210483.3340.004.500.603.90
CanadaTSX-V 34241270.5950.005.501.793.71
Hong KongHKEX 44129916867.8056.194.611.043.57
South KoreaKOSDAQ 59040024167.9760.104.471.273.19
AustraliaASX 1651076764.8562.624.151.083.07
PakistanKSE 2131499769.9565.
USNASDAQ 94867337970.9956.324.551.543.01
IndiaBSE 25691869108272.7557.894.321.323.00
BelgiumBRUSSELS 38291976.3265.523.590.593.00
ArgentinaBUE 111100.00100.
ChinaSSE 124794363.7154.434.031.042.99
South KoreaKRX 38329017675.7260.693.910.942.98
IndiaNSE 2081148584971.3657.
TurkeyBIST 35624814369.6657.663.850.972.88
CanadaTSX 25317510869.1761.713.640.792.85
USAMEX 123895372.3659.554.121.312.81
TaiwanGTSM 41427417666.1864.233.510.852.66
SwedenSTOCKHOLM 1691227572.1961.484.001.342.66
IsraelTASE 121955378.5155.793.681.082.60
MalaysiaBURSA 34241770.5970.833.210.672.54
The World 1569311058628170.4956.783.671.142.53
SingaporeSGX 2518972.0050.003.110.612.50
ChinaSZSE 1941337168.5653.383.681.232.45
Vietnam HOSE 2215568.1833.333.270.872.40
EgyptEGX 53462386.7950.003.481.092.39
JapanNAGOYA 43275.0066.672.670.332.33
BangladeshDSE 2181588372.4852.533.201.152.05
Vietnam HNX 64266.6750.002.750.752.00
PortugalLISBON 111100.00100.
NetherlandsAMSTERDAM 111100.00100.
ItalyBORSA 111100.00100.
Greece ATHENS 111100.00100.
IndiaNSE 111100.00100.
FrancePARIS 111100.00100.
SpainIBEX 111100.00100.
GermanyXETRA 111100.00100.
Austria WIENERBORSE 111100.00100.
BelgiumBRUSSELS 111100.00100.
ItalyBORSA 26819711473.5157.872.550.641.91
USNYSE 97666736868.3455.172.490.641.85
TaiwanTWSE 52335319267.5054.392.650.901.75
UKLSE 44130916470.0753.072.700.981.72
PhilippinesPSE 27191270.3763.163.051.471.58
Austria WIENERBORSE 2717862.9647.062.290.761.53
UAEUAE 42150.0050.002.501.001.50
JapanTOKYO 92362332367.5051.852.411.161.26
GermanyXETRA 38528915675.0653.982.261.021.24
FrancePARIS 2211558970.1457.423.081.861.22
MexicoBMV 51361970.5952.781.970.781.19
BrazilBOVESPA 1641054964.0246.672.401.211.19
USPREFERRED 81493060.4961.221.330.181.14
ArgentinaBUE 33221366.6759.092.681.591.09
Saudi ArabiaTADAWUL 84532763.1050.942.261.231.04
DenmarkCOPENHAGEN 36221261.1154.552.001.001.00
MalaysiaBURSA 111100.00100.
SwitzerlandSIX 78472560.2653.191.340.620.72
SpainIBEX 45301466.6746.671.671.100.57
UAEUAE 1000.
SingaporeSGX 21150.00100.
PakistanKSE 1000.
ChinaSSE 1000.
ChileBCS 1000.
BangladeshDSE 1000.
IndonesiaIDX 1000.
Hong KongHKEX 1000.
TurkeyBIST 1000.
Vietnam HOSE 111100.00100.
Greece ATHENS 97277.7828.571.001.14-0.14
NetherlandsAMSTERDAM 78582274.3637.931.481.91-0.43
MexicoBMV 53160.0033.330.000.67-0.67
BrazilBOVESPA 110100.
OmanMSM 110100.
JordanASE 43175.0033.330.671.67-1.00
QatarQE 75171.4320.000.001.40-1.40
KuwaitKSE 21050.
JapanFUKUOKA 110100.
USWARRANTS 110100.000.000.0018.00-18.00
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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