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 1513986.6769.2311.081.929.15
Greece ATHENS 1812666.6750.006.171.334.83
NorwayOSE 87593867.8264.415.981.224.76
DenmarkCOPENHAGEN 42241657.1466.675.581.084.50
Austria WIENERBORSE 2114866.6757.145.711.364.36
USOTC PINK 55540622273.3354.557.363.194.17
PhilippinesPSE 39261766.6765.385.001.503.50
ChileBCS 117463.6457.143.860.433.43
IndonesiaIDX 114845373.6863.104.551.133.42
PortugalLISBON 1210583.3350.003.500.503.00
ArgentinaBUE 111100.00100.
South KoreaKOSDAQ 67345528767.6163.
ThailandSET 130925170.7755.434.031.162.87
AustraliaASX 2431478960.4960.543.991.152.84
Poland GPW 118804667.8057.504.591.802.79
TurkeyBIST 47232217868.2255.283.961.262.70
PakistanKSE 28219912270.5761.313.961.332.63
IndiaBSE 33712412132871.6754.974.051.472.58
USNASDAQ 126588047069.6453.354.251.742.51
CanadaTSX 36925614969.3858.203.601.122.48
Hong KongHKEX 48233018168.4654.853.591.132.46
South KoreaKRX 48536321974.8560.333.380.992.39
CanadaTSX-V 53382271.7057.895.162.792.37
TaiwanGTSM 54335120764.6458.973.200.862.34
ChinaSZSE 38226014768.0656.543.381.042.33
IndiaNSE 28942045107870.7052.693.671.392.28
The World 2117214646804469.2354.883.501.282.22
BrazilBOVESPA 2381527463.8748.683.611.412.20
USAMEX 1871236565.7852.853.601.412.19
BelgiumBRUSSELS 46331871.7454.553.090.912.18
ChinaSSE 2441609165.5756.883.060.912.14
SwedenSTOCKHOLM 25917810468.7358.433.691.562.13
TaiwanTWSE 66043123265.3053.833.080.972.11
MalaysiaBURSA 71473366.2070.213.301.212.09
Vietnam HOSE 2916455.1725.
PortugalLISBON 111100.00100.
Austria WIENERBORSE 111100.00100.
BelgiumBRUSSELS 111100.00100.
FrancePARIS 111100.00100.
Greece ATHENS 111100.00100.
SpainIBEX 111100.00100.
GermanyXETRA 111100.00100.
IndiaNSE 111100.00100.
ItalyBORSA 111100.00100.
NetherlandsAMSTERDAM 111100.00100.
BangladeshDSE 28119110767.9756.022.890.901.99
UKLSE 61642321368.8350.
ArgentinaBUE 51331968.6354.292.971.141.83
MexicoBMV 79523365.8263.462.600.811.79
RussiaMICEX 111734265.7757.532.560.781.78
USNYSE 121680743466.3753.782.620.891.73
EgyptEGX 74582778.3846.552.781.051.72
NetherlandsAMSTERDAM 93652969.8944.622.601.051.55
Saudi ArabiaTADAWUL 100633163.0049.212.440.971.48
JapanTOKYO 104869437966.2254.612.411.051.37
FrancePARIS 28720211470.3856.442.901.591.30
SpainIBEX 72542875.0051.852.571.281.30
IsraelTASE 1881357171.8152.592.611.361.25
ItalyBORSA 37227813974.7350.002.190.991.20
Vietnam HNX 75271.4340.002.801.601.20
BangladeshDSE 21150.00100.
MalaysiaBURSA 111100.00100.
UAEUAE 31133.33100.
SingaporeSGX 29181062.0755.561.670.720.94
USPREFERRED 99613461.6255.741.490.620.87
GermanyXETRA 53839418873.4247.591.841.100.74
SwitzerlandSIX 111743666.6748.651.420.800.62
MexicoBMV 116454.5566.670.500.330.17
TurkeyBIST 1000.
TaiwanGTSM 1000.
UKLSE 1000.
SwedenSTOCKHOLM 21150.00100.
SingaporeSGX 21150.00100.
ThailandSET 1000.
Vietnam HOSE 111100.00100.
Hong KongHKEX 1000.
IndonesiaIDX 1000.
ChinaSSE 1000.
ChileBCS 1000.
JapanTOKYO 110100.
PhilippinesPSE 111100.00100.
PakistanKSE 1000.
NorwayOSE 1000.
UAEUAE 551100.0020.
USWARRANTS 117363.6442.864.144.43-0.29
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 21050.
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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