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 1571136771.9759.298.501.247.26
IndiaBSE 28119111467.9759.697.401.216.18
NorwayOSE 95355.5660.006.800.806.00
TaiwanGTSM 47271857.4566.676.150.375.78
UAEUAE 42250.00100.005.500.005.50
ChinaSZSE 73553575.3463.645.870.645.24
JapanFUKUOKA 111100.00100.
Hong KongHKEX 99674167.6861.195.150.604.55
BrazilBOVESPA 23181178.2661.115.060.564.50
South KoreaKOSDAQ 107745069.1667.574.770.684.09
IndonesiaIDX 138561.5462.505.131.134.00
BelgiumBRUSSELS 85562.50100.003.600.003.60
SpainIBEX 119681.8266.673.890.443.44
ChinaSSE 63512780.9552.944.040.823.22
South KoreaKRX 104744771.1563.514.010.823.19
AustraliaASX 51432784.3162.793.740.563.19
USNASDAQ 23916810370.2961.313.890.733.16
GermanyXETRA 125865668.8065.123.480.423.06
The World 35932493149969.3860.133.850.853.00
UKLSE 22715310267.4066.673.190.462.73
IsraelTASE 36271375.0048.153.560.852.70
QatarQE 105350.0060.003.200.602.60
CanadaTSX 116804668.9757.502.950.542.41
JapanTOKYO 49234021069.1161.763.070.782.29
Austria WIENERBORSE 75271.4340.
USNYSE 38928917574.2960.552.930.742.19
JordanASE 111100.00100.
DenmarkCOPENHAGEN 98688.8975.002.380.382.00
RussiaMICEX 119781.8277.782.220.222.00
Saudi ArabiaTADAWUL 24151262.5080.
SingaporeSGX 128566.6762.502.630.881.75
SwitzerlandSIX 43282065.1271.432.110.361.75
SwedenSTOCKHOLM 2718966.6750.003.171.441.72
USOTC PINK 1751225869.7147.543.622.181.44
TurkeyBIST 138361.5437.503.001.631.38
TaiwanTWSE 58411670.6939.
EgyptEGX 209545.0055.562.221.111.11
USAMEX 54271450.0051.851.590.591.00
MalaysiaBURSA 1410671.4360.
KuwaitKSE 111100.00100.
ItalyBORSA 104693466.3549.281.710.910.80
FrancePARIS 57432375.4453.491.560.790.77
JapanNAGOYA 54280.0050.000.750.250.50
NetherlandsAMSTERDAM 2113561.9038.461.080.620.46
Greece ATHENS 84250.0050.
USWARRANTS 31033.330.
USPREFERRED 36251569.4460.001.121.16-0.04
ArgentinaBUE 221100.0050.000.000.50-0.50
MexicoBMV 147350.0042.860.431.29-0.86
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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