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 73357.1475.0014.500.0014.50
CanadaTSX-V 28171260.7170.599.120.598.53
PhilippinesPSE 2012960.0075.006.080.585.50
USOTC PINK 2251628972.4454.608.032.855.18
USAMEX 70533675.7167.926.621.814.81
SingaporeSGX 1911857.8972.734.910.184.73
PortugalLISBON 86275.0033.334.670.504.17
Poland GPW 56402671.4365.004.930.983.95
BelgiumBRUSSELS 25181172.0061.114.220.443.78
IndonesiaIDX 47332170.2163.644.521.063.45
Vietnam HNX 54280.0050.003.500.253.25
AustraliaASX 97634264.9566.673.840.623.22
NorwayOSE 29181165.5257.894.261.053.21
ThailandSET 57422773.6864.293.880.743.14
USNASDAQ 56440323471.4558.064.861.733.13
PakistanKSE 1471006768.0367.
ArgentinaBUE 111100.00100.
South KoreaKOSDAQ 34924715970.7764.374.111.212.89
South KoreaKRX 23017310675.2261.273.640.792.86
RussiaMICEX 45332173.3363.644.001.182.82
TurkeyBIST 2221507967.5752.673.961.152.81
IsraelTASE 85653276.4749.
ChinaSZSE 91603965.9365.003.450.682.77
IndiaNSE 1451104355971.8853.604.011.322.70
IndiaBSE 1786129572072.5155.604.031.362.67
TaiwanGTSM 28218611965.9663.983.170.582.59
UKLSE 24217710073.1456.503.601.042.56
The World 98166925390470.6056.333.621.152.46
Hong KongHKEX 2401578365.4252.873.461.062.41
EgyptEGX 39331784.6251.523.481.122.36
ArgentinaBUE 24151062.5066.673.601.402.20
MexicoBMV 39271969.2370.372.670.562.11
IndiaNSE 111100.00100.
MalaysiaBURSA 2114966.6764.292.500.502.00
BangladeshDSE 1621116068.5254.052.951.031.93
FrancePARIS 130905570.0060.442.650.751.90
CanadaTSX 1621166971.6059.482.971.151.83
ChinaSSE 64402162.5052.502.430.631.80
USNYSE 58741323770.5357.252.390.611.78
SwedenSTOCKHOLM 99704070.7157.143.201.491.71
USPREFERRED 39271869.2366.671.740.151.59
Austria WIENERBORSE 169456.2544.442.000.441.56
TaiwanTWSE 30320510967.6653.172.360.861.50
ItalyBORSA 1521136474.3456.642.320.851.47
JapanTOKYO 50834717868.3151.302.511.091.42
BrazilBOVESPA 86512559.3049.022.451.121.33
GermanyXETRA 2321719173.7153.222.190.901.29
Saudi ArabiaTADAWUL 48351972.9254.
MalaysiaBURSA 111100.00100.
SwitzerlandSIX 54361766.6747.221.140.580.56
NetherlandsAMSTERDAM 44301068.1833.331.170.870.30
Greece ATHENS 74157.1425.001.501.250.25
Vietnam HOSE 159260.0022.221.441.440.00
Vietnam HOSE 111100.00100.
PakistanKSE 1000.
SingaporeSGX 21150.00100.
TurkeyBIST 1000.
UAEUAE 1000.
ChinaSSE 1000.
ChileBCS 1000.
DenmarkCOPENHAGEN 125341.6760.001.401.400.00
IndonesiaIDX 1000.
Hong KongHKEX 1000.
SpainIBEX 2718866.6744.441.111.44-0.33
MexicoBMV 53160.0033.330.000.67-0.67
BrazilBOVESPA 110100.
JapanNAGOYA 21050.
QatarQE 21050.
OmanMSM 110100.
UAEUAE 32066.670.000.002.00-2.00
KuwaitKSE 110100.
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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