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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 27221081.4845.459.632.197.43
Vietnam HOSE 73342046.5858.826.750.795.96
ChileBCS 20141170.0078.575.150.085.07
PakistanKSE 43375.00100.
USOTC PINK 54738622772.2157.477.382.514.87
SwedenSTOCKHOLM 30720913568.0864.595.241.074.17
IndonesiaIDX 1371065877.3754.725.451.364.09
DenmarkCOPENHAGEN 49312263.2770.975.081.024.06
CanadaTSX-V 58392167.2453.856.342.433.91
ThailandSET 137915166.4256.045.121.343.78
MalaysiaBURSA 68433063.2469.774.650.903.75
NorwayOSE 1581076067.7256.075.451.723.73
South KoreaKOSDAQ 64244227069.3160.674.981.443.54
PhilippinesPSE 33231169.7047.835.622.113.52
ArgentinaBUE 222100.00100.003.500.003.50
EgyptEGX 1911368571.2062.504.370.913.46
FrancePARIS 35525114870.9958.734.901.473.43
PortugalLISBON 109690.0066.673.670.333.34
BelgiumBRUSSELS 40321480.0043.754.491.213.28
TurkeyBIST 53435420666.2958.
BrazilBOVESPA 33123212170.0952.164.321.323.00
PakistanKSE 24417510671.7260.574.251.272.99
Poland GPW 143985768.5358.164.741.772.98
USNASDAQ 138898152470.7553.364.871.902.97
TaiwanGTSM 57737222164.6459.253.740.912.83
Austria WIENERBORSE 79502963.2958.003.770.962.81
UAEUAE 95355.5660.003.070.392.69
Greece ATHENS 2818764.2938.894.221.582.63
Hong KongHKEX 49134219369.6556.433.891.282.61
South KoreaKRX 55739924871.9961.853.360.782.58
Saudi ArabiaTADAWUL 141885162.4157.953.210.712.50
USFOREX 42250.00100.002.500.002.50
IsraelTASE 1841307170.6554.623.741.342.41
ChinaSSE 55436221765.3459.943.360.982.38
ChinaSZSE 70848827968.9357.173.491.142.35
The World 2543117380966569.2454.893.621.302.32
CanadaTSX 42029716770.7156.233.521.252.27
IndiaBSE 40422907159171.9254.733.931.672.26
NetherlandsAMSTERDAM 103784075.7351.283.301.142.17
IndiaNSE 35252486134170.5253.943.441.422.02
PortugalLISBON 111100.00100.
SpainIBEX 111100.00100.
FrancePARIS 111100.00100.
Greece ATHENS 111100.00100.
GermanyXETRA 111100.00100.
Austria WIENERBORSE 111100.00100.
BelgiumBRUSSELS 111100.00100.
NetherlandsAMSTERDAM 111100.00100.
IndiaNSE 111100.00100.
ItalyBORSA 111100.00100.
AustraliaASX 31320510865.5052.683.641.642.00
BangladeshDSE 32624814376.0757.663.171.211.96
JapanTOKYO 109569939063.8455.792.961.041.92
TaiwanTWSE 74049026466.2253.882.971.101.87
USAMEX 2131396965.2649.643.281.471.81
USNYSE 140987748262.2454.962.660.951.71
JordanASE 111100.00100.001.700.001.70
UKLSE 82957729769.6051.472.631.091.54
SpainIBEX 79552569.6245.452.811.291.52
SwitzerlandSIX 137975370.8054.642.380.931.45
ArgentinaBUE 99643566.6753.032.711.381.33
GermanyXETRA 72552926972.9750.852.321.041.28
ItalyBORSA 46333417572.1452.402.361.191.17
Poland GPW 111100.00100.
BangladeshDSE 31133.33100.
MalaysiaBURSA 111100.00100.
UAEUAE 31133.33100.
KuwaitKSE 179552.9455.561.811.260.56
ChileBCS 52240.00100.000.500.000.50
JapanTOKYO 221100.0050.000.500.000.50
MexicoBMV 89572764.0447.371.821.370.45
QatarQE 129675.0066.671.751.330.42
SingaporeSGX 29221175.8650.001.120.820.29
BrazilBOVESPA 43175.0033.330.670.670.00
SwitzerlandSIX 1000.
Hong KongHKEX 1000.
ChinaSSE 1000.
South KoreaKOSDAQ 111100.00100.
IsraelTASE 1000.
IndonesiaIDX 1000.
PhilippinesPSE 111100.00100.
NorwayOSE 1000.
UKLSE 1000.
Vietnam HOSE 111100.00100.
USWARRANTS 260061.540.
USPREFERRED 1040062.500.
SwedenSTOCKHOLM 32266.67100.
RussiaMICEX 2090061.720.
RussiaMICEX 1000.
TurkeyBIST 1000.
TaiwanGTSM 1000.
SingaporeSGX 21150.00100.
ThailandSET 2000.
MexicoBMV 127458.3357.140.290.57-0.29
JapanFUKUOKA 441100.0025.000.211.20-1.00
DenmarkCOPENHAGEN 110100.
AustraliaASX 220100.
OmanMSM 110100.
Vietnam HNX 119281.8222.220.581.81-1.23
JapanNAGOYA 41025.
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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