UPSIDE GAP TWO CROWS

Upside Gap Two Crows, in technical analysis, is basically reversal signal of a market that is bearish. It is a formation within three days that uses candlestick charts. It typically goes something like this:

1st day - A bullish session where the trend is upward and continues up with a candlestick representation that means that the index or security’s closing price is beyond the opening price.

2nd day - A bearish session where the index or security’s gap is higher at the open with a small black or colored candlestick representation.

3rd day - A continued bearish session where the index or security’s open is higher than the second day’s open but below its close and above the 1st day’s close with a big black or colored candlestick representation that encompasses the second day’s candlestick.

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