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 48241950.0079.179.540.678.88
USOTCBB 52140.0050.
CanadaTSX-V 63332252.3866.678.851.307.55
TurkeyBIST 141715550.3577.467.700.707.00
South KoreaKOSDAQ 106863045958.9972.867.500.796.72
Hong KongHKEX 147078851153.6164.857.321.026.31
IndonesiaIDX 146765352.0569.746.700.496.21
PortugalLISBON 75443158.6770.456.981.205.77
IsraelTASE 43022914553.2663.326.260.685.58
ChinaSZSE 1904125190965.7072.666.310.745.57
JapanSAPPORO 43275.0066.677.001.675.33
QatarQE 63332252.3866.676.030.795.24
ChinaSSE 1565107178668.4373.395.880.725.16
UAEUAE 3015950.0060.
IndiaBSE 1773105067059.2263.816.181.055.13
TaiwanGTSM 51323914946.5962.345.690.714.99
NorwayOSE 2521419655.9568.096.281.444.84
MalaysiaBURSA 2191117050.6863.065.821.024.80
RussiaMICEX 139866261.8772.095.340.674.66
Austria WIENERBORSE 50332866.0084.854.850.274.58
Greece ATHENS 31181058.0655.565.721.174.56
CanadaCSE 63150.0033.337.002.674.33
IndiaNSE 154288157657.1365.385.170.854.31
South KoreaKRX 119767141056.0661.104.910.734.18
BrazilBOVESPA 31818712558.8166.844.900.854.05
SingaporeSGX 171774645.0359.744.740.694.05
USNASDAQ 53292782171452.2261.594.951.023.93
BelgiumBRUSSELS 2011067752.7472.644.330.433.90
TaiwanTWSE 76536822948.1062.234.460.613.85
JapanNAGOYA 22121054.5583.334.580.833.75
SpainIBEX 24215310163.2266.013.780.663.12
SwedenSTOCKHOLM 48728618658.7365.033.920.803.12
USAMEX 58229917651.3758.864.301.193.11
The World 69125383112391855.4462.413.970.873.10
DenmarkCOPENHAGEN 113624454.8770.973.500.443.06
USPREFERRED 33918513054.5770.273.450.423.04
CanadaTSX 2862141787849.5161.963.680.692.99
ItalyBORSA 2443138188156.6563.663.560.792.76
EgyptEGX 48820210941.3953.964.061.382.68
JapanTOKYO 84084803284657.1259.253.641.012.62
AustraliaASX 83251030361.3059.413.460.842.62
USOTC PINK 3054170585855.9950.184.321.772.55
GermanyXETRA 29051746109260.1062.543.020.732.29
UKLSE 33581955120158.2261.433.040.852.19
USWARRANTS 3011636.6754.553.731.642.09
Saudi ArabiaTADAWUL 53323413343.9056.843.321.292.03
FrancePARIS 163895261158.1264.182.700.712.00
NetherlandsAMSTERDAM 57535722662.0963.312.560.691.86
USNYSE 114165770326950.5456.662.800.941.86
MexicoBMV 2291207052.4058.332.710.851.86
SwitzerlandSIX 87352131959.6861.232.070.531.54
TurkeyBIST 176435.2966.672.331.001.33
JordanASE 2517968.0052.941.880.940.94
Austria WIENERBORSE 52140.0050.000.500.000.50
KuwaitKSE 106360.0050.
FOREXFOREX 139569.2355.560.330.330.00
USAMEX 177241.1828.570.000.29-0.29
OmanMSM 117263.6428.570.431.57-1.14
JapanFUKUOKA 92022.220.000.0016.00-16.00
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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