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 52262050.0076.929.150.698.46
USOTCBB 52140.0050.
CanadaTSX-V 66332250.0066.678.791.307.48
TurkeyBIST 144725550.0076.397.600.716.89
South KoreaKOSDAQ 110965447558.9772.637.420.786.64
Hong KongHKEX 148879651653.4964.827.291.026.27
IndonesiaIDX 148775352.0368.836.610.566.05
PortugalLISBON 76453259.2171.116.841.185.67
IsraelTASE 44623515152.6964.266.300.695.61
ChinaSZSE 1959127391364.9871.726.180.775.41
JapanSAPPORO 43275.0066.677.001.675.33
IndiaBSE 1810107168159.1763.596.231.055.17
UAEUAE 3115948.3960.
ChinaSSE 1615109779567.9372.475.780.725.06
TaiwanGTSM 52024415446.9263.115.710.695.02
QatarQE 67362353.7363.895.530.724.81
MalaysiaBURSA 2201127150.9163.395.811.014.80
NorwayOSE 26114710056.3268.036.141.414.72
Greece ATHENS 31181058.0655.565.721.174.56
RussiaMICEX 146896460.9671.915.180.654.53
Austria WIENERBORSE 53342864.1582.354.680.294.38
IndiaNSE 155989558557.4165.365.150.854.30
South KoreaKRX 122969342656.3961.474.830.714.12
BrazilBOVESPA 32619212758.9066.154.910.834.08
SingaporeSGX 172774644.7759.744.740.684.06
USNASDAQ 54602851175652.2561.554.961.013.95
JapanNAGOYA 24131054.1776.924.850.923.92
BelgiumBRUSSELS 2051087952.6873.154.310.433.89
TaiwanTWSE 77237723648.8362.604.450.613.84
CanadaCSE 63150.0033.337.003.673.33
DenmarkCOPENHAGEN 117644654.7071.883.630.423.20
USAMEX 60831218551.3259.294.331.173.16
SpainIBEX 24515410262.8666.233.780.663.12
The World 70911392852454755.4262.463.950.873.08
EgyptEGX 50021011542.0054.764.351.333.02
SwedenSTOCKHOLM 50529518958.4264.073.820.813.02
CanadaTSX 2924145490449.8362.053.630.682.95
USPREFERRED 36220415056.3573.533.210.382.83
ItalyBORSA 2520142991956.8364.183.540.782.76
USOTC PINK 3158176089555.8950.714.421.762.66
JapanTOKYO 86004907290657.0659.223.621.002.61
AustraliaASX 85752531361.2659.623.430.832.60
MexicoBMV 2401247351.6758.873.140.822.31
GermanyXETRA 29951798112560.0362.572.980.732.26
UKLSE 34542007123758.1161.633.020.842.18
Saudi ArabiaTADAWUL 57125815445.1859.693.331.192.15
USWARRANTS 3011636.6754.553.731.642.09
FrancePARIS 167897261957.9363.682.670.701.98
USNYSE 117725948338650.5356.932.770.921.84
NetherlandsAMSTERDAM 59637223562.4263.172.490.671.82
SwitzerlandSIX 89753332859.4261.542.050.521.53
TurkeyBIST 176435.2966.672.331.001.33
JordanASE 2517968.0052.941.880.940.94
Austria WIENERBORSE 52140.0050.000.500.000.50
FOREXFOREX 1510666.6760.000.400.300.10
KuwaitKSE 106360.0050.
USAMEX 187238.8928.570.000.29-0.29
OmanMSM 117263.6428.570.431.57-1.14
JapanFUKUOKA 103130.0033.330.0010.67-10.67
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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