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 buying decisions.
This is a three-candlestick bullish reversal pattern. The gap between the white body of the second day and the black body of the first day represents the downside gap. The white candlesticks of the second and third day represent the rabbits ready to jump out of their burrow.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A normal or long black candlestick appears on the first day.
3. The second day is a short white candlestick that gaps down.
4. On the last day another white candlestick appears that opens at or below the open, and then closes above the close of the previous day, but still below the close of the first day.
Pattern Requirements and Flexibility
The Downside Gap Two Rabbits should start with a normal or long black body. A short white body characterized by a downside body gap follows. The third day is another white body that engulfs the second day. The third day may open at or below the open of the second day. The third day should close below the body limits of the first day, leaving the gap created between the first and the second days still unfilled.
Trader’s Behavior
A downtrend has been in place, and the black candlestick adds to the bearishness that is already present. The following day opens lower with a gap down. Prices rise a little bit, and a short white candlestick is observed. The bears are not alarmed by this day, because even though a white body appears, prices fail to close above the close of the previous day. The third day opens at or below the open of the second day, but it rallies throughout the day and closes above the previous close. The two consecutive white bodies show that the strength of the downtrend has been questioned.
Buy/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross above this level for confirmation.

The stop loss level is defined as the last low. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered.
Pattern Performance in Stock Exchanges since 1/1/2014
Stock Exchange
Per Trade
Total Net%(Descending)
OmanMSM 32166.6750.0012.503.009.50
IndiaNSE 1521126673.6858.938.461.257.21
IndiaBSE 27018211267.4161.547.601.136.47
NorwayOSE 95355.5660.006.800.806.00
TaiwanGTSM 45251655.5664.006.360.405.96
UAEUAE 42250.00100.005.500.005.50
ChinaSZSE 73543573.9764.815.850.635.22
JapanFUKUOKA 111100.00100.
Hong KongHKEX 95654068.4261.545.310.574.74
BrazilBOVESPA 23181178.2661.115.060.564.50
IndonesiaIDX 128566.6762.505.131.134.00
South KoreaKOSDAQ 106745069.8167.574.550.683.88
BelgiumBRUSSELS 85562.50100.003.600.003.60
SpainIBEX 119681.8266.673.890.443.44
USNASDAQ 22516010071.1162.504.010.743.28
South KoreaKRX 99724672.7363.894.080.823.26
AustraliaASX 49412583.6760.983.780.593.20
The World 34582407145569.6160.453.920.843.08
ChinaSSE 62502580.6550.003.900.863.04
GermanyXETRA 117805368.3866.253.450.433.03
UKLSE 2131479869.0166.673.400.472.93
IsraelTASE 36271375.0048.153.560.852.70
QatarQE 105350.0060.003.200.602.60
JapanTOKYO 48133120668.8162.243.190.792.40
CanadaTSX 112784469.6456.412.950.552.40
USNYSE 36426916473.9060.973.060.762.30
Austria WIENERBORSE 75271.4340.
RussiaMICEX 119781.8277.782.220.222.00
JordanASE 111100.00100.
DenmarkCOPENHAGEN 886100.0075.002.380.382.00
Saudi ArabiaTADAWUL 24151262.5080.
SwitzerlandSIX 41261963.4173.082.190.381.81
SingaporeSGX 128566.6762.502.630.881.75
USOTC PINK 1671185770.6648.313.691.961.73
SwedenSTOCKHOLM 2718966.6750.003.171.441.72
TurkeyBIST 128366.6737.503.001.631.38
TaiwanTWSE 58411670.6939.
EgyptEGX 198442.1150.002.381.251.13
USAMEX 53261449.0653.851.650.621.04
MalaysiaBURSA 1310676.9260.
KuwaitKSE 111100.00100.
ItalyBORSA 102693467.6549.281.710.910.80
FrancePARIS 56422275.0052.381.570.810.76
NetherlandsAMSTERDAM 1911457.8936.361.180.640.55
JapanNAGOYA 54280.0050.000.750.250.50
Greece ATHENS 74257.1450.
USWARRANTS 31033.330.
USPREFERRED 35241468.5758.331.131.21-0.08
MexicoBMV 147450.0057.140.431.00-0.57
ArgentinaBUE 110100.
CanadaTSX-V 62033.330.000.0013.00-13.00
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 bulls.com© family websites
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