BEARISH UNIQUE THREE MOUNTAIN TOP
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 selling decisions.
BEARISH UNIQUE THREE MOUNTAIN TOP
Definition
This is a three-candlestick pattern that somewhat looks like the Bearish Evening Star. It appears in an uptrend. The first day’s white candlestick engulfs the following small white body, which characteristically has a long upper shadow. The pattern is completed by a small black body, which closes above the close of the second day.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. A white candlestick is observed on the first day.
3. The second day is a white body that opens lower, trades at a new high, and then closes near the low.
4. The third day is a short black day above the second day.
Pattern Requirements and Flexibility
The Bearish Unique Three Mountain Top starts with a strong white candlestick, and a short white candlestick that opens lower follows it. The second day trades at a new high, causing a long upper shadow that reaches higher than the previous day’s high. The body of this candlestick is engulfed by the first day. The final and the third day of the pattern is a short black body that is above the second day’s body.
Trader’s Behavior
The market is surging and it produces a white day. The following day unexpectedly opens lower, however the bulls show their strength and cause new highs to be reached during the day. The day closes near its open, leading to the formation of a short white candlestick. The strength of the bulls is in question and indecision prevails in the market. On the next day, a small black body appears and ensures that the bulls are losing strength.
Sell/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross below this level for confirmation.

The stop loss level is defined as the higher of the last two highs. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered.
Title
Pattern Performance in Stock Exchanges since 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
Austria WIENERBORSE 43375.00100.009.670.009.67
USAMEX 24181275.0066.677.280.446.83
DenmarkCOPENHAGEN 64366.6775.005.752.003.75
EgyptEGX 32166.6750.004.501.003.50
ThailandSET 85362.5060.003.800.403.40
SingaporeSGX 64466.67100.003.250.003.25
CanadaTSX 79553169.6256.363.450.353.11
ItalyBORSA 54382570.3765.793.500.582.92
ChinaSSE 87643073.5646.883.891.172.72
PakistanKSE 1910652.6360.002.600.202.40
IndiaBSE 120744361.6758.114.111.812.30
South KoreaKOSDAQ 79583473.4258.623.311.052.26
USNASDAQ 1871306569.5250.003.100.912.19
QatarQE 21150.00100.002.000.002.00
NorwayOSE 41125.00100.002.000.002.00
SwitzerlandSIX 30221273.3354.552.270.411.86
JapanTOKYO 2191497668.0451.012.681.011.67
The World 2212154779269.9851.162.620.971.65
GermanyXETRA 55341861.8252.942.240.621.62
Vietnam HOSE 87387.5042.861.860.291.57
TaiwanTWSE 33231269.7052.171.960.391.57
TaiwanGTSM 30221473.3363.642.911.361.55
Hong KongHKEX 85613371.7654.102.591.081.51
USOTC PINK 58442177.5946.673.642.161.49
South KoreaKRX 73482265.7545.832.100.711.40
ChinaSZSE 105774073.3351.952.711.341.38
NetherlandsAMSTERDAM 106460.0066.671.670.331.33
USNYSE 2661999874.8149.251.980.651.33
IndiaNSE 90623268.8951.612.711.421.29
AustraliaASX 33221266.6754.551.770.501.27
SwedenSTOCKHOLM 209445.0044.441.670.671.00
TurkeyBIST 138461.5450.001.630.631.00
UAEUAE 111100.00100.001.000.001.00
UKLSE 124914173.3945.051.650.710.93
FrancePARIS 3019963.3347.371.740.840.89
IsraelTASE 1110490.9140.001.801.100.70
BangladeshDSE 2215768.1846.671.731.070.67
RussiaMICEX 1611568.7545.452.091.550.55
MalaysiaBURSA 146442.8666.671.331.000.33
BrazilBOVESPA 2013765.0053.851.080.770.31
Saudi ArabiaTADAWUL 64366.6775.000.500.250.25
MexicoBMV 98488.8950.000.750.630.13
USPREFERRED 3522962.8640.910.320.41-0.09
Poland GPW 553100.0060.000.400.60-0.20
Greece ATHENS 52140.0050.002.002.50-0.50
Vietnam HNX 31033.330.000.001.00-1.00
PhilippinesPSE 331100.0033.336.678.33-1.67
PortugalLISBON 21050.000.000.002.00-2.00
BelgiumBRUSSELS 54080.000.000.002.25-2.25
SpainIBEX 65083.330.000.002.40-2.40
ArgentinaBUE 220100.000.000.002.50-2.50
IndonesiaIDX 220100.000.000.004.00-4.00
CanadaCSE 110100.000.000.005.00-5.00
CanadaTSX-V 32166.6750.000.506.00-5.50
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

Disclaimers:

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.