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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 84350.0075.0014.501.2513.25
CanadaTSX-V 27161162.9664.718.000.657.35
USOTC PINK 28420911973.5956.947.572.694.88
Poland GPW 69483369.5768.755.150.834.31
USAMEX 102764574.5159.215.471.294.18
PortugalLISBON 86275.0033.334.670.504.17
ThailandSET 66492974.2459.185.020.884.14
RussiaMICEX 62453072.5866.674.980.874.11
PhilippinesPSE 23151065.2266.675.401.533.87
SingaporeSGX 2113861.9061.544.080.233.85
IndonesiaIDX 55402672.7365.004.400.983.43
PakistanKSE 1611097367.7066.974.481.133.35
BelgiumBRUSSELS 26201176.9255.003.800.503.30
South KoreaKRX 26219912675.9563.323.860.743.12
IndiaBSE 1975143781472.7656.654.341.273.06
South KoreaKOSDAQ 40127717669.3363.314.241.223.03
ArgentinaBUE 111100.00100.
AustraliaASX 115744964.3566.223.780.912.88
NorwayOSE 36241466.6758.334.461.672.79
USNASDAQ 67747026070.1654.744.421.652.76
IndiaNSE 1622116562771.8953.774.031.272.75
Vietnam HNX 54280.0050.003.500.752.75
TurkeyBIST 2601779368.0852.543.931.192.73
IsraelTASE 101774276.2454.553.681.042.64
Hong KongHKEX 29319010064.8552.633.621.072.55
TaiwanGTSM 33321313563.9663.383.160.672.49
The World 115248102454570.3756.043.631.142.49
EgyptEGX 43351781.4048.573.601.112.49
Austria WIENERBORSE 2113661.9046.153.000.622.38
ChinaSSE 105663562.8653.033.170.882.29
ChinaSZSE 1581016063.9259.413.120.832.29
BangladeshDSE 1851327471.3556.063.100.902.20
SwedenSTOCKHOLM 122885472.1361.363.501.322.18
UKLSE 29120511170.4554.153.140.982.16
CanadaTSX 1941377870.6256.933.261.122.15
PortugalLISBON 111100.00100.
IndiaNSE 111100.00100.
ItalyBORSA 111100.00100.
NetherlandsAMSTERDAM 111100.00100.
Greece ATHENS 111100.00100.
FrancePARIS 111100.00100.
SpainIBEX 111100.00100.
GermanyXETRA 111100.00100.
BelgiumBRUSSELS 111100.00100.
Austria WIENERBORSE 111100.00100.
MalaysiaBURSA 23161069.5762.502.630.751.88
ArgentinaBUE 25161068.0058.823.181.531.65
ItalyBORSA 1891397973.5456.832.450.821.63
MexicoBMV 42322076.1962.502.220.631.59
USNYSE 72550226969.2453.592.230.651.58
TaiwanTWSE 36124313167.3153.912.400.931.47
FrancePARIS 1641156970.1260.003.131.691.44
GermanyXETRA 28620911073.0852.632.310.941.37
JapanTOKYO 59041121569.6652.312.471.141.32
USPREFERRED 59412567.8062.501.500.201.30
Saudi ArabiaTADAWUL 49351971.4354.
BrazilBOVESPA 120733360.8345.
MalaysiaBURSA 111100.00100.
SwitzerlandSIX 57392068.4251.281.260.560.69
DenmarkCOPENHAGEN 168450.0050.001.631.380.25
Greece ATHENS 96266.6733.331.171.000.17
TurkeyBIST 1000.
Vietnam HOSE 111100.00100.
UAEUAE 1000.
PakistanKSE 1000.
SingaporeSGX 21150.00100.
ChinaSSE 1000.
ChileBCS 1000.
IndonesiaIDX 1000.
Hong KongHKEX 1000.
Vietnam HOSE 1610262.5020.001.301.40-0.10
SpainIBEX 3120964.5245.001.151.35-0.20
NetherlandsAMSTERDAM 55391470.9135.901.051.46-0.41
MexicoBMV 53160.0033.330.000.67-0.67
BrazilBOVESPA 110100.
OmanMSM 110100.
JapanNAGOYA 21050.
QatarQE 32066.670.000.001.50-1.50
KuwaitKSE 110100.
UAEUAE 32066.670.000.002.00-2.00
JordanASE 110100.
JapanFUKUOKA 110100.
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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