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 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 1411778.5763.649.452.277.18
DenmarkCOPENHAGEN 36181150.0061.115.890.895.00
Greece ATHENS 1610462.5040.006.401.604.80
NorwayOSE 85573567.0661.405.541.374.18
PhilippinesPSE 38251665.7964.005.361.523.84
Austria WIENERBORSE 2013765.0053.855.231.463.77
USOTC PINK 54539220972.1153.187.083.373.71
IndonesiaIDX 102754773.5362.674.591.133.45
ThailandSET 115854773.9155.
AustraliaASX 2281368359.6561.
PortugalLISBON 1210583.3350.003.500.503.00
ArgentinaBUE 111100.00100.
PakistanKSE 26318411769.9663.594.161.222.94
IndiaBSE 30332212126073.0656.864.321.402.92
South KoreaKOSDAQ 65844428067.6362.924.101.232.87
TurkeyBIST 45430816667.8453.903.841.262.58
IndiaNSE 26161877102971.7954.793.911.332.58
Poland GPW 118814668.6456.794.381.842.54
ChileBCS 64366.6775.003.250.752.50
USNASDAQ 117782344070.0153.404.301.812.49
BrazilBOVESPA 2121407066.0450.003.741.292.45
South KoreaKRX 47735521474.4260.283.420.992.44
CanadaTSX 35624814569.6658.473.561.162.40
Hong KongHKEX 47132017367.9454.063.511.122.39
ChinaSZSE 35524213868.1757.023.351.032.31
USAMEX 1771156364.9754.783.751.432.31
MalaysiaBURSA 67463268.6669.573.371.072.30
The World 1985613787765569.4855.493.571.272.30
TaiwanGTSM 51033719966.0859.053.080.812.27
BangladeshDSE 25417610269.2957.953.040.862.18
BelgiumBRUSSELS 46341973.9155.883.030.882.15
Vietnam HOSE 2917558.6229.413.061.002.06
UKLSE 58239020267.1851.663.181.132.05
ChinaSSE 2131388064.7957.972.930.902.03
IndiaNSE 111100.00100.
ItalyBORSA 111100.00100.
PortugalLISBON 111100.00100.
NetherlandsAMSTERDAM 111100.00100.
Austria WIENERBORSE 111100.00100.
BelgiumBRUSSELS 111100.00100.
FrancePARIS 111100.00100.
Greece ATHENS 111100.00100.
SpainIBEX 111100.00100.
GermanyXETRA 111100.00100.
TaiwanTWSE 61339821364.9353.522.930.941.99
SwedenSTOCKHOLM 25417310068.1157.803.621.701.92
RussiaMICEX 106694065.0957.972.650.751.90
EgyptEGX 70552678.5747.272.931.091.84
MexicoBMV 78513265.3862.752.630.801.82
CanadaTSX-V 52382173.0855.264.612.821.79
Saudi ArabiaTADAWUL 91593164.8452.542.610.971.64
ArgentinaBUE 49341969.3955.883.061.471.59
USNYSE 115776740366.2952.542.490.911.58
NetherlandsAMSTERDAM 90632870.0044.442.651.081.57
IsraelTASE 1761246670.4553.232.701.311.40
JapanTOKYO 101366536365.6554.592.461.081.38
ItalyBORSA 35226313174.7249.812.270.981.30
FrancePARIS 27819511070.1456.412.881.621.26
SpainIBEX 69502472.4648.002.601.341.26
Vietnam HNX 75271.4340.002.801.601.20
MalaysiaBURSA 111100.00100.
UAEUAE 31133.33100.
BangladeshDSE 21150.00100.
GermanyXETRA 52638718673.5748.
SingaporeSGX 32201162.5055.001.650.700.95
USPREFERRED 102653663.7355.381.480.630.85
SwitzerlandSIX 103693466.9949.281.510.780.72
JapanTOKYO 110100.
PhilippinesPSE 111100.00100.
PakistanKSE 1000.
NorwayOSE 1000.
MexicoBMV 105350.0060.000.400.400.00
UAEUAE 65183.3320.
IndonesiaIDX 1000.
Hong KongHKEX 1000.
ChinaSSE 1000.
ChileBCS 1000.
TaiwanGTSM 1000.
UKLSE 1000.
SingaporeSGX 21150.00100.
SwedenSTOCKHOLM 21150.00100.
TurkeyBIST 1000.
ThailandSET 1000.
Vietnam HOSE 111100.00100.
USWARRANTS 85262.5040.005.006.00-1.00
JapanNAGOYA 31033.330.000.001.00-1.00
OmanMSM 110100.
BrazilBOVESPA 110100.
JapanFUKUOKA 221100.0050.000.502.00-1.50
QatarQE 84150.0025.000.002.75-2.75
JordanASE 110100.
KuwaitKSE 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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