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 18161088.8962.5010.061.698.38
Greece ATHENS 1913768.4253.856.461.235.23
ChileBCS 1310876.9280.005.200.304.90
NorwayOSE 98654266.3364.625.751.124.63
USWARRANTS 1610562.5050.008.303.804.50
Austria WIENERBORSE 24161066.6762.505.381.194.19
DenmarkCOPENHAGEN 46281960.8767.865.111.183.93
USOTC PINK 57040822372.8153.737.123.193.93
EgyptEGX 87693779.3153.624.610.883.72
PhilippinesPSE 43261760.4765.385.001.503.50
PortugalLISBON 119581.8255.563.890.443.44
IndonesiaIDX 122925575.4159.784.481.283.20
Poland GPW 127865167.7259.304.701.693.01
ArgentinaBUE 111100.00100.
South KoreaKOSDAQ 69147029868.1663.
AustraliaASX 2581619762.4060.253.881.062.83
ThailandSET 138985571.0156.123.931.132.80
CanadaTSX-V 58422572.4159.525.122.362.76
ChinaSZSE 42428917068.1658.823.670.972.70
TurkeyBIST 48332918168.1255.023.921.242.67
PakistanKSE 29421313072.4561.033.941.322.62
USNASDAQ 132991849669.1553.974.281.722.57
Hong KongHKEX 50534819468.9155.753.671.122.55
IndiaBSE 36812646146271.9455.214.001.482.51
South KoreaKRX 50437322674.0160.593.471.002.47
CanadaTSX 39327016068.9659.043.511.062.44
BrazilBOVESPA 2541618163.3950.313.791.352.44
TaiwanGTSM 56736822164.9060.053.230.842.40
BelgiumBRUSSELS 49351971.4354.293.260.892.37
SwedenSTOCKHOLM 26918611269.1460.223.811.472.34
USAMEX 1961246763.2754.033.621.322.30
MalaysiaBURSA 76513567.1168.633.351.122.24
BangladeshDSE 31321612569.0157.873.190.962.22
IndiaNSE 31502223117570.5752.863.621.402.22
The World 2244915538857169.2855.113.491.282.22
ChinaSSE 2651719764.5356.733.180.972.21
PortugalLISBON 111100.00100.
NetherlandsAMSTERDAM 111100.00100.
IndiaNSE 111100.00100.
ItalyBORSA 111100.00100.
BelgiumBRUSSELS 111100.00100.
Austria WIENERBORSE 111100.00100.
FrancePARIS 111100.00100.
Greece ATHENS 111100.00100.
SpainIBEX 111100.00100.
GermanyXETRA 111100.00100.
TaiwanTWSE 68744824065.2153.572.950.981.97
Vietnam HOSE 3219659.3831.582.741.001.74
UKLSE 63944322269.4850.002.831.151.68
USNYSE 129585546066.0253.802.530.881.65
MexicoBMV 83563567.4762.502.410.771.64
ArgentinaBUE 53362167.9258.333.031.391.64
RussiaMICEX 138915065.9454.952.410.771.64
Saudi ArabiaTADAWUL 102633261.7650.792.520.951.57
NetherlandsAMSTERDAM 94652969.1544.622.601.051.55
JapanTOKYO 106870638866.1054.962.451.051.40
SpainIBEX 71532874.6552.832.621.301.32
FrancePARIS 30021111670.3354.982.811.591.21
Vietnam HNX 75271.4340.002.801.601.20
ItalyBORSA 38828914374.4849.482.181.031.15
IsraelTASE 1991447572.3652.082.511.411.10
SingaporeSGX 31191161.2957.891.680.681.00
MalaysiaBURSA 111100.00100.
UAEUAE 31133.33100.
BangladeshDSE 21150.00100.
USPREFERRED 97613262.8952.461.440.620.82
GermanyXETRA 55841219674.1947.341.831.090.74
SwitzerlandSIX 116763765.5248.681.470.780.70
BrazilBOVESPA 32166.6750.001.000.500.50
JapanTOKYO 110100.
PhilippinesPSE 111100.00100.
PakistanKSE 1000.
NorwayOSE 1000.
MexicoBMV 116454.5566.670.330.330.00
UAEUAE 75171.4320.
Hong KongHKEX 1000.
IndonesiaIDX 1000.
ChinaSSE 1000.
ChileBCS 1000.
UKLSE 1000.
TaiwanGTSM 1000.
SingaporeSGX 21150.00100.
SwedenSTOCKHOLM 21150.00100.
TurkeyBIST 1000.
ThailandSET 1000.
Vietnam HOSE 111100.00100.
JapanNAGOYA 31033.330.000.001.00-1.00
OmanMSM 110100.
JapanFUKUOKA 221100.0050.000.502.00-1.50
KuwaitKSE 32166.6750.000.002.00-2.00
QatarQE 84150.0025.000.002.75-2.75
JordanASE 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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