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 75371.4360.0014.003.0011.00
ChileBCS 54480.00100.006.500.006.50
Greece ATHENS 1410471.4340.006.401.704.70
USOTC PINK 46633618173.6152.776.822.644.18
NorwayOSE 68442464.7154.556.001.844.16
IndonesiaIDX 95694472.6363.775.091.014.07
ThailandSET 115834772.1756.634.860.953.90
PortugalLISBON 1513786.6753.854.000.463.54
AustraliaASX 2211378461.9961.314.641.103.53
Austria WIENERBORSE 1610462.5040.005.301.903.40
IndiaBSE 30562219128672.6457.934.611.383.23
Hong KongHKEX 52636320269.0155.654.291.073.22
PakistanKSE 26419312973.1166.844.231.053.18
South KoreaKOSDAQ 73150030368.4060.604.461.303.16
TurkeyBIST 45830717767.0357.654.131.033.09
DenmarkCOPENHAGEN 47261555.3257.694.000.963.04
IndiaNSE 25101789100571.2756.184.301.293.01
ArgentinaBUE 111100.00100.
MalaysiaBURSA 55372667.2770.273.810.862.95
CanadaTSX 34624615671.1063.413.870.932.93
South KoreaKRX 48736621875.3659.403.861.072.79
Poland GPW 120804466.6755.004.531.742.79
USNASDAQ 120385746571.2454.264.351.572.77
TaiwanGTSM 50333320366.2060.963.550.982.57
The World 1976913779773769.7756.103.781.222.56
BelgiumBRUSSELS 51392376.4758.973.100.742.36
JapanNAGOYA 53260.0066.672.670.332.33
BrazilBOVESPA 2131447367.6150.693.501.172.33
USAMEX 1651106166.6755.453.741.422.32
SwedenSTOCKHOLM 2471669667.2157.833.781.492.28
IsraelTASE 1641136168.9053.983.271.092.18
ChinaSZSE 31220811066.6752.883.391.262.13
UKLSE 58240421569.4253.
BangladeshDSE 2461779771.9554.803.211.142.08
MexicoBMV 69442563.7756.822.800.752.05
ChinaSSE 1961266664.2952.383.161.152.01
SingaporeSGX 31221170.9750.002.680.682.00
Greece ATHENS 111100.00100.
IndiaNSE 111100.00100.
FrancePARIS 111100.00100.
SpainIBEX 111100.00100.
GermanyXETRA 111100.00100.
Austria WIENERBORSE 111100.00100.
BelgiumBRUSSELS 111100.00100.
PortugalLISBON 111100.00100.
NetherlandsAMSTERDAM 111100.00100.
ItalyBORSA 111100.00100.
Saudi ArabiaTADAWUL 107653560.7553.853.081.091.98
ItalyBORSA 34926014474.7955.172.790.821.96
PhilippinesPSE 38261768.4265.383.541.581.96
EgyptEGX 66552783.3349.
Vietnam HOSE 2818664.2933.332.780.831.94
TaiwanTWSE 62741222365.7154.132.740.911.83
Vietnam HNX 64266.6750.002.751.001.75
USNYSE 123783044867.1853.912.590.861.73
RussiaMICEX 82492759.7655.102.470.841.63
FrancePARIS 28819910969.7954.233.231.701.53
JapanTOKYO 116076440265.8652.622.671.151.53
SpainIBEX 62442070.9745.452.661.411.25
CanadaTSX-V 42311573.8148.394.453.231.23
NetherlandsAMSTERDAM 92662771.7440.912.851.651.20
GermanyXETRA 49336318373.6350.412.411.221.19
MalaysiaBURSA 111100.00100.
UAEUAE 31133.33100.
BangladeshDSE 21150.00100.
SwitzerlandSIX 99633563.6455.561.650.890.76
UAEUAE 53160.0033.331.671.000.67
ArgentinaBUE 47321768.0953.132.221.660.56
USPREFERRED 110673860.9156.721.280.820.46
PhilippinesPSE 111100.00100.
PakistanKSE 1000.
SwedenSTOCKHOLM 21150.00100.
NorwayOSE 1000.
JapanTOKYO 110100.
MexicoBMV 105350.0060.000.400.400.00
IndonesiaIDX 1000.
Hong KongHKEX 1000.
ChinaSSE 1000.
ChileBCS 1000.
UKLSE 1000.
TurkeyBIST 1000.
TaiwanGTSM 1000.
SingaporeSGX 21150.00100.
Vietnam HOSE 111100.00100.
JordanASE 43175.0033.330.671.67-1.00
OmanMSM 110100.
BrazilBOVESPA 110100.
QatarQE 116254.5533.330.001.17-1.17
JapanFUKUOKA 221100.0050.000.502.00-1.50
USWARRANTS 43175.0033.338.3310.67-2.33
KuwaitKSE 31033.330.000.004.00-4.00
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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