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 47241951.0679.179.540.678.88
USOTCBB 52140.0050.
CanadaTSX-V 64332251.5666.679.241.277.97
TurkeyBIST 139715551.0877.467.700.707.00
South KoreaKOSDAQ 103860944358.9672.397.640.786.86
CanadaCSE 52140.0050.0010.504.006.50
IndonesiaIDX 143755252.4569.336.710.496.21
Hong KongHKEX 146077950553.4964.667.211.026.19
ChinaSZSE 1881120487164.0172.346.380.765.62
PortugalLISBON 72422858.3366.676.881.335.55
Greece ATHENS 32161050.0062.506.441.065.38
JapanSAPPORO 43275.0066.677.001.675.33
QatarQE 63332252.3866.676.030.795.24
IsraelTASE 42022314153.3362.955.870.675.21
ChinaSSE 1570103775666.0572.905.880.745.14
UAEUAE 3015950.0060.
IndiaBSE 1726101865058.9863.856.161.055.10
TaiwanGTSM 51223514445.9061.285.770.725.05
NorwayOSE 2501379554.8069.346.461.484.98
MalaysiaBURSA 2151106951.1662.735.821.034.79
RussiaMICEX 138866362.3273.265.310.664.65
Austria WIENERBORSE 49322765.3184.384.840.284.56
South KoreaKRX 117666841156.8061.535.060.724.35
IndiaNSE 150886156557.1065.625.160.854.31
SingaporeSGX 169764644.9760.534.800.684.12
BrazilBOVESPA 31718412458.0467.394.960.864.10
USNASDAQ 52022702166952.1161.564.971.003.97
TaiwanTWSE 75335922647.6862.954.530.603.92
BelgiumBRUSSELS 1991067753.2772.644.330.433.90
JapanNAGOYA 2010850.0080.004.801.003.80
USPREFERRED 34418513153.7870.813.690.413.28
USAMEX 56528817250.9759.724.421.193.23
SwedenSTOCKHOLM 48028318558.9665.373.920.803.12
The World 68309376032345655.0962.333.980.883.10
DenmarkCOPENHAGEN 112614354.4670.493.520.443.08
CanadaTSX 2847139887049.2162.103.680.702.99
EgyptEGX 47119210540.7654.694.251.382.88
ItalyBORSA 2408134886156.1063.733.610.792.81
SpainIBEX 2351499863.4065.773.460.682.78
AustraliaASX 81450430061.9259.523.480.832.65
JapanTOKYO 82584699278256.9059.203.601.012.59
USOTC PINK 3007168184056.0049.884.231.792.44
GermanyXETRA 28611697106259.3162.583.060.742.32
UKLSE 33311937119358.1561.593.150.852.29
USWARRANTS 3011636.6754.553.731.642.09
FrancePARIS 160491859257.2364.492.740.682.06
Saudi ArabiaTADAWUL 52722512642.6956.003.321.322.00
USNYSE 114635781326250.4656.402.820.951.87
MexicoBMV 2191176953.4258.972.710.851.85
NetherlandsAMSTERDAM 57435122061.1562.682.550.871.68
SwitzerlandSIX 86851331559.1061.402.080.531.55
TurkeyBIST 176435.2966.672.331.001.33
JordanASE 2416966.6756.252.000.941.06
KuwaitKSE 85362.5060.003.802.801.00
Austria WIENERBORSE 52140.0050.000.500.000.50
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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