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 84250.0050.009.751.008.75
Greece ATHENS 108380.0037.508.001.007.00
USOTC PINK 36427015975.2758.037.961.966.00
CanadaTSX-V 34251373.5352.007.241.885.36
NorwayOSE 54362166.6758.336.361.564.81
Austria WIENERBORSE 30191063.3352.635.370.684.68
Poland GPW 88573764.7764.915.260.744.53
IndonesiaIDX 75543672.0066.675.190.814.37
ThailandSET 86623472.0954.845.320.974.35
PortugalLISBON 1210483.3340.004.500.603.90
CanadaTSX 26719112171.5463.354.540.793.75
IndiaBSE 26381931113473.2058.734.971.323.65
AustraliaASX 1681096864.8862.394.721.073.64
Hong KongHKEX 45230717367.9256.354.621.033.59
DenmarkCOPENHAGEN 39241461.5458.334.420.923.50
IndiaNSE 2151154289371.6957.914.711.223.49
PakistanKSE 21715410270.9766.234.491.083.41
RussiaMICEX 64412564.0660.984.220.833.39
South KoreaKOSDAQ 60241125068.2760.834.611.243.37
TurkeyBIST 37826615470.3757.894.180.933.26
South KoreaKRX 39830418476.3860.534.090.933.16
USNASDAQ 98971039671.7955.774.571.563.01
BelgiumBRUSSELS 42322176.1965.633.590.593.00
ArgentinaBUE 111100.00100.
ChinaSSE 129854665.8954.123.981.022.95
SwedenSTOCKHOLM 1831288069.9562.504.281.342.94
The World 1619311465657970.8357.364.061.122.94
TaiwanGTSM 42528218066.3563.833.730.872.85
MalaysiaBURSA 35241768.5770.833.460.672.79
USAMEX 126915672.2261.544.101.382.71
BrazilBOVESPA 1731145865.9050.883.681.112.57
IsraelTASE 121945277.6955.323.641.102.54
Vietnam HOSE 2215568.1833.333.270.872.40
JapanNAGOYA 43275.0066.672.670.332.33
EgyptEGX 55472385.4548.943.401.092.32
ChinaSZSE 2031417469.4652.483.501.212.29
SingaporeSGX 2619973.0847.372.950.682.26
ItalyBORSA 28021012375.0058.572.960.732.23
USNYSE 100368938668.7955.942.850.642.21
BangladeshDSE 2291668972.4953.613.281.112.17
UKLSE 46131917269.2053.923.120.952.16
NetherlandsAMSTERDAM 111100.00100.
IndiaNSE 111100.00100.
ItalyBORSA 111100.00100.
FrancePARIS 111100.00100.
Greece ATHENS 111100.00100.
SpainIBEX 111100.00100.
GermanyXETRA 111100.00100.
BelgiumBRUSSELS 111100.00100.
Austria WIENERBORSE 111100.00100.
Vietnam HNX 64266.6750.002.750.752.00
PortugalLISBON 111100.00100.
PhilippinesPSE 30221473.3363.643.181.271.91
TaiwanTWSE 52736019668.3154.442.780.891.89
GermanyXETRA 39930016675.1955.332.670.981.70
SpainIBEX 50341668.0047.062.941.261.68
JapanTOKYO 95063933667.2652.582.741.121.62
MexicoBMV 53372069.8154.052.350.761.59
FrancePARIS 2341649570.0957.933.411.821.59
ArgentinaBUE 31221470.9763.642.500.951.55
UAEUAE 42150.0050.002.501.001.50
NetherlandsAMSTERDAM 81612575.3140.983.021.821.20
USPREFERRED 84512960.7156.861.310.181.14
Saudi ArabiaTADAWUL 85532762.3550.942.261.231.04
BangladeshDSE 21150.00100.
MalaysiaBURSA 111100.00100.
SwitzerlandSIX 83522962.6555.771.580.620.96
UAEUAE 1000.
PhilippinesPSE 111100.00100.
PakistanKSE 1000.
ChinaSSE 1000.
ChileBCS 1000.
IndonesiaIDX 1000.
Hong KongHKEX 1000.
TurkeyBIST 1000.
SingaporeSGX 21150.00100.
SwedenSTOCKHOLM 21150.00100.
UKLSE 1000.
Vietnam HOSE 111100.00100.
MexicoBMV 83137.5033.330.000.67-0.67
BrazilBOVESPA 110100.
JordanASE 43175.0033.330.671.67-1.00
OmanMSM 110100.
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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