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 four day bullish reversal pattern. It consists of three consecutive days each gapping lower on the open. After Three Gap Downs the market becomes extremely oversold and ready for the reversal of the current downtrend.
Recognition Criteria
1. The first day can be of any color.
2. The second day also can be of any color, so long as its body gaps down away from the first day’s body.
3. The last two days are black and their bodies must gap down from the bodies of the prior days.
Pattern Requirements and Flexibility
The first two days of the Bullish Three Gap Downs can be of any color but the last two days should be black. There must be downside body gaps between the candlesticks.
Trader’s Behavior
The market is oversold with three gaps down in a row and it is time to cover short positions.
Buy/Stop Loss Levels
The confirmation level is defined as the midpoint of the last black body. Prices should cross above this level for confirmation.

The stop loss level is defined as the lower of the last two lows. 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)
ArgentinaBUE 53262049.0676.929.150.698.46
USOTCBB 52140.0050.
TurkeyBIST 146745850.6878.387.610.686.93
CanadaTSX-V 69332249.2864.718.061.266.79
South KoreaKOSDAQ 111766348559.5372.937.420.756.66
Hong KongHKEX 152181752853.7164.637.251.016.23
IndonesiaIDX 149775351.6868.836.610.566.05
PortugalLISBON 78473460.2672.347.041.135.91
IsraelTASE 46824415552.1463.526.140.695.45
JapanSAPPORO 43275.0066.677.001.675.33
IndiaBSE 1836108468559.0463.
UAEUAE 3115948.3960.
ChinaSZSE 2211137594662.1968.805.900.845.06
TaiwanGTSM 53925416347.1264.175.700.675.03
QatarQE 68362352.9463.895.530.724.81
MalaysiaBURSA 2221137150.9062.835.781.004.78
ChinaSSE 1888119684263.3570.405.450.744.70
JapanNAGOYA 30161253.3375.005.380.754.63
Greece ATHENS 32191159.3857.895.531.114.42
Austria WIENERBORSE 53342864.1582.354.680.294.38
BrazilBOVESPA 32418913058.3368.785.070.794.28
RussiaMICEX 154956561.6968.424.920.654.26
NorwayOSE 27215210256.2566.675.871.634.24
IndiaNSE 156890158757.4665.155.050.864.19
South KoreaKRX 126369942955.3461.374.800.734.06
USNASDAQ 56182891178351.5161.614.961.013.95
BelgiumBRUSSELS 2091128253.5973.214.200.413.79
SingaporeSGX 172774544.7758.444.470.693.78
TaiwanTWSE 81639724748.7762.064.330.623.72
USWARRANTS 3112738.7158.334.921.503.42
DenmarkCOPENHAGEN 117644654.7071.883.630.423.20
SpainIBEX 24715510362.7566.453.810.653.15
SwedenSTOCKHOLM 50929719058.3563.973.890.803.09
The World 72967402412509455.1862.323.940.873.07
USAMEX 62832119151.1159.504.371.313.06
CanadaTSX 2957148892650.3262.233.590.682.91
USPREFERRED 36620715256.5673.433.260.402.86
ItalyBORSA 2570145793356.6964.043.570.782.79
EgyptEGX 50521111741.7855.454.071.322.74
JapanTOKYO 89545088301556.8559.233.691.002.69
USOTC PINK 3229180292156.0950.864.401.712.68
AustraliaASX 87754232461.8059.783.420.822.60
MexicoBMV 2521287450.7957.813.050.812.23
GermanyXETRA 30491829114159.9962.382.960.732.22
UKLSE 35622053127157.6461.913.040.832.21
Saudi ArabiaTADAWUL 58126415845.4459.853.341.172.17
FrancePARIS 170198763058.0263.832.730.702.03
USNYSE 119346025343550.4957.012.770.911.86
NetherlandsAMSTERDAM 61238024062.0963.162.470.671.80
CanadaCSE 74157.1425.005.253.501.75
SwitzerlandSIX 91654833859.8361.682.070.511.56
TurkeyBIST 217533.3371.432.140.861.29
JordanASE 2617965.3852.941.880.940.94
Austria WIENERBORSE 62133.3350.000.500.000.50
FOREXFOREX 1611668.7554.550.360.270.09
USAMEX 198242.1125.000.000.25-0.25
KuwaitKSE 117363.6442.862.713.57-0.86
OmanMSM 117263.6428.570.431.57-1.14
JapanFUKUOKA 114136.3625.000.008.25-8.25
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
About Us
Important Links


Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.