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 1/1/2019
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 22191286.3663.169.531.637.89
Greece ATHENS 1811561.1145.456.821.455.36
USWARRANTS 2315965.2260.008.333.604.73
EgyptEGX 96744177.0855.415.731.084.65
ChileBCS 1511973.3381.824.730.274.45
Vietnam HOSE 37211056.7647.625.380.954.43
CanadaTSX-V 55392472.7360.
NorwayOSE 107734568.2261.645.561.484.08
PortugalLISBON 118572.7362.504.380.384.00
DenmarkCOPENHAGEN 55342361.8267.654.880.884.00
USOTC PINK 59343323774.2053.866.743.163.58
South KoreaKOSDAQ 65744728368.0463.314.451.073.37
IndonesiaIDX 116865274.1460.474.571.223.35
PakistanKSE 22316810175.3460.124.591.333.26
Poland GPW 124865169.3559.304.871.713.16
Hong KongHKEX 48633819769.5558.
ArgentinaBUE 111100.00100.
USNASDAQ 138196854570.2456.194.581.632.94
SwedenSTOCKHOLM 29220112469.8660.784.081.152.93
ThailandSET 128874767.9754.023.951.132.83
ChinaSZSE 57038522767.5458.963.770.952.83
TaiwanGTSM 54335522065.3861.973.630.832.80
IndiaBSE 38642803161772.6257.634.241.462.78
RussiaMICEX 137895265.6957.783.520.772.76
UAEUAE 63250.0066.673.330.672.67
CanadaTSX 44830117467.1957.813.621.062.56
TurkeyBIST 47332717769.1354.133.811.312.50
BangladeshDSE 31723613774.4558.053.410.912.50
South KoreaKRX 49036522674.4961.923.360.922.44
IndiaNSE 33422358132870.5656.323.761.322.43
PhilippinesPSE 40281670.0057.144.041.612.43
The World 2399516748951469.8856.743.651.242.41
KuwaitKSE 85362.5060.003.401.002.40
BrazilBOVESPA 30120310267.4450.253.711.322.39
AustraliaASX 28818510964.2458.923.851.462.38
MalaysiaBURSA 77513566.2368.633.391.122.27
BelgiumBRUSSELS 47362076.6055.563.251.062.19
ChinaSSE 35923313764.9058.803.100.952.15
TaiwanTWSE 70747426567.0455.913.090.942.15
FrancePARIS 111100.00100.
Greece ATHENS 111100.00100.
SpainIBEX 111100.00100.
GermanyXETRA 111100.00100.
Austria WIENERBORSE 111100.00100.
BelgiumBRUSSELS 111100.00100.
NetherlandsAMSTERDAM 111100.00100.
IndiaNSE 111100.00100.
ItalyBORSA 111100.00100.
PortugalLISBON 111100.00100.
USNYSE 148797354765.5756.102.850.861.99
JapanTOKYO 117076543865.3857.252.930.951.98
NetherlandsAMSTERDAM 108783872.2248.723.001.081.92
FrancePARIS 35425714672.6056.813.251.421.83
SpainIBEX 74553274.3258.182.981.201.78
USAMEX 2081377865.8756.933.101.331.77
SingaporeSGX 29211472.4166.672.330.571.76
Austria WIENERBORSE 33221366.6759.092.861.231.64
UKLSE 74252426370.6250.192.620.991.63
SwitzerlandSIX 141996070.2160.612.250.711.55
IsraelTASE 1841327071.7453.032.721.321.40
Saudi ArabiaTADAWUL 119743662.1848.652.351.031.32
ItalyBORSA 42831515873.6050.162.391.121.27
GermanyXETRA 73455127675.0750.
Poland GPW 111100.00100.
MalaysiaBURSA 111100.00100.
UAEUAE 31133.33100.
BangladeshDSE 21150.00100.
USPREFERRED 93563360.2258.931.590.610.98
MexicoBMV 71462664.7956.521.851.150.70
ArgentinaBUE 56391969.6448.722.151.460.69
BrazilBOVESPA 32166.6750.001.000.500.50
Vietnam HNX 85262.5040.001.801.600.20
JapanTOKYO 110100.
PhilippinesPSE 111100.00100.
PakistanKSE 21150.00100.
NorwayOSE 1000.
MexicoBMV 116454.5566.670.330.330.00
Hong KongHKEX 1000.
IndonesiaIDX 1000.
ChinaSSE 1000.
ChileBCS 1000.
SwitzerlandSIX 1000.
SingaporeSGX 21150.00100.
SwedenSTOCKHOLM 21150.00100.
RussiaMICEX 1000.
TaiwanGTSM 1000.
TurkeyBIST 1000.
ThailandSET 1000.
UKLSE 1000.
Vietnam HOSE 111100.00100.
JapanFUKUOKA 442100.0050.000.501.00-0.50
DenmarkCOPENHAGEN 110100.
OmanMSM 110100.
JapanNAGOYA 32066.670.000.001.50-1.50
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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