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 74357.1475.0017.501.0016.50
ChileBCS 54480.00100.
Greece ATHENS 1210483.3340.006.401.704.70
USOTC PINK 45232217573.0153.037.122.684.45
IndonesiaIDX 88634371.5968.255.190.894.30
NorwayOSE 63442469.8454.555.891.844.05
ThailandSET 109794572.4856.964.960.993.97
PortugalLISBON 1513786.6753.854.000.463.54
Austria WIENERBORSE 1610462.5040.005.301.903.40
AustraliaASX 2011287963.6861.724.621.273.35
IndiaBSE 29322134124372.7858.254.711.383.33
CanadaTSX 33823715070.1263.294.190.863.33
Hong KongHKEX 50534619668.5156.654.361.053.31
IndiaNSE 2408171497771.1857.004.411.253.15
South KoreaKOSDAQ 70447828967.9060.464.461.323.15
DenmarkCOPENHAGEN 46251454.3556.
TurkeyBIST 43229616868.5256.764.141.043.10
ArgentinaBUE 111100.00100.
PakistanKSE 24117110870.9563.
USNASDAQ 113881044071.1854.324.371.552.82
Poland GPW 109754268.8156.004.391.642.75
South KoreaKRX 46134720675.2759.373.821.112.71
BelgiumBRUSSELS 49372375.5162.163.270.652.62
The World 1849312895723969.7756.103.851.232.62
MalaysiaBURSA 52362569.2369.443.500.892.61
TaiwanGTSM 48131919466.3260.823.551.002.55
JapanNAGOYA 53260.0066.672.670.332.33
BrazilBOVESPA 2001346967.0051.493.511.192.32
IsraelTASE 1591126170.4454.463.331.062.27
UKLSE 55438220568.9553.663.281.062.22
ChinaSSE 1701095864.1253.
BangladeshDSE 2331679171.6754.493.281.112.17
USAMEX 1541025666.2354.903.611.442.17
EgyptEGX 63532684.1349.
Vietnam HOSE 2818664.2933.332.780.782.00
FrancePARIS 111100.00100.
Greece ATHENS 111100.00100.
GermanyXETRA 111100.00100.
SpainIBEX 111100.00100.
BelgiumBRUSSELS 111100.00100.
Austria WIENERBORSE 111100.00100.
PortugalLISBON 111100.00100.
MexicoBMV 67442565.6756.822.750.752.00
NetherlandsAMSTERDAM 111100.00100.
ItalyBORSA 111100.00100.
IndiaNSE 111100.00100.
ChinaSZSE 2781809364.7551.673.371.381.99
SwedenSTOCKHOLM 2331568766.9555.773.491.551.94
PhilippinesPSE 36251669.4464.003.521.641.88
ItalyBORSA 34525814074.7854.262.730.861.87
SingaporeSGX 30221073.3345.452.640.771.86
RussiaMICEX 77462759.7458.702.630.781.85
TaiwanTWSE 60339821466.0053.772.740.921.83
Vietnam HNX 64266.6750.002.751.001.75
USNYSE 116979242567.7553.662.550.831.72
CanadaTSX-V 39291274.3641.384.723.071.66
FrancePARIS 27319010569.6055.263.311.791.52
JapanTOKYO 111373037965.5951.922.661.181.47
SpainIBEX 59402067.8050.002.851.431.43
GermanyXETRA 48336118374.7450.692.421.211.21
NetherlandsAMSTERDAM 91662772.5340.912.851.651.20
Saudi ArabiaTADAWUL 97603261.8653.332.231.131.10
BangladeshDSE 21150.00100.
UAEUAE 31133.33100.
MalaysiaBURSA 111100.00100.
ArgentinaBUE 45291664.4455.172.451.550.90
UAEUAE 53160.0033.331.671.000.67
SwitzerlandSIX 95593162.1152.541.580.950.63
USPREFERRED 105673863.8156.721.370.820.55
KuwaitKSE 21050.
PhilippinesPSE 111100.00100.
PakistanKSE 1000.
NorwayOSE 1000.
MexicoBMV 105350.0060.000.400.400.00
IndonesiaIDX 1000.
Hong KongHKEX 1000.
ChinaSSE 1000.
ChileBCS 1000.
TaiwanGTSM 1000.
UKLSE 1000.
SingaporeSGX 21150.00100.
SwedenSTOCKHOLM 21150.00100.
TurkeyBIST 1000.
Vietnam HOSE 111100.00100.
JordanASE 43175.0033.330.671.67-1.00
OmanMSM 110100.
BrazilBOVESPA 110100.
QatarQE 96266.6733.330.001.17-1.17
JapanFUKUOKA 221100.0050.000.502.00-1.50
USWARRANTS 21050.000.000.0018.00-18.00
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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