DeskPatterns
Upside Gap Two Crows
Two falling bears after a rally that do not give the rally back.
Three candles: a strong bull, then two falling bears. The first bear stays above the midpoint of the first body, the second closes below the first bear — but above the first candle’s open. The rally is nibbled at, not taken back.
Textbook versions gap the first crow above the first close and leave the gap open. On perpetual futures that open is the first close, so the gap is dropped — and with it the condition that the third close sit above the first close, which without a gap could never be met. Where the market does gap, the textbook picture satisfies the rule as well. Knowable on the third close. An event — no end.
Settings
First candle minimum body (default 0.35).