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
USAMEX 1411778.5763.6411.731.1810.55
ThailandSET 32266.67100.005.500.005.50
USOTC PINK 38321684.2150.006.782.194.59
PakistanKSE 84250.0050.004.500.004.50
IndiaBSE 80493161.2563.275.611.494.12
NetherlandsAMSTERDAM 43375.00100.004.000.004.00
EgyptEGX 221100.0050.004.501.003.50
Hong KongHKEX 48332068.7560.613.940.583.36
GermanyXETRA 3220962.5045.004.250.953.30
ChinaSSE 60472078.3342.554.091.063.02
SwitzerlandSIX 1813772.2253.853.150.312.85
DenmarkCOPENHAGEN 64366.6775.004.752.002.75
USNASDAQ 113733764.6050.683.630.962.67
CanadaTSX 45311368.8941.943.160.772.39
South KoreaKOSDAQ 47351974.4754.293.261.032.23
NorwayOSE 31133.33100.002.000.002.00
QatarQE 111100.00100.002.000.002.00
South KoreaKRX 40251362.5052.002.961.001.96
The World 1417101849471.8448.532.851.041.81
TaiwanTWSE 2316869.5750.002.440.691.75
TurkeyBIST 73242.8666.672.671.001.67
JapanTOKYO 1501055270.0049.522.581.031.55
SingaporeSGX 76385.7150.001.830.331.50
ChinaSZSE 78573173.0854.393.071.611.46
BangladeshDSE 149564.2955.561.780.331.44
ItalyBORSA 38281573.6853.572.210.791.43
USNYSE 1591265779.2545.241.920.631.29
IndiaNSE 51351768.6348.572.341.201.14
MexicoBMV 97477.7857.141.430.431.00
Vietnam HOSE 64166.6725.001.250.500.75
BelgiumBRUSSELS 331100.0033.330.670.000.67
BrazilBOVESPA 1310576.9250.001.400.800.60
AustraliaASX 2112657.1450.001.420.830.58
UKLSE 84672679.7638.811.701.180.52
Saudi ArabiaTADAWUL 32266.67100.000.500.000.50
FrancePARIS 1812666.6750.001.671.170.50
RussiaMICEX 119481.8244.441.671.440.22
SwedenSTOCKHOLM 125341.6760.001.201.000.20
IsraelTASE 98288.8925.001.000.880.13
PhilippinesPSE 221100.0050.001.001.000.00
Austria WIENERBORSE 1000.000.000.000.000.00
MalaysiaBURSA 105450.0080.001.001.000.00
JapanNAGOYA 1000.000.000.000.000.00
USPREFERRED 3324872.7333.330.380.67-0.29
Greece ATHENS 52140.0050.002.002.50-0.50
TaiwanGTSM 1712570.5941.670.921.50-0.58
Poland GPW 331100.0033.330.001.00-1.00
Vietnam HNX 220100.000.000.001.50-1.50
IndonesiaIDX 441100.0025.000.752.50-1.75
SpainIBEX 550100.000.000.002.20-2.20
CanadaTSX-V 332100.0066.670.674.00-3.33
ArgentinaBUE 330100.000.000.003.67-3.67
CanadaCSE 110100.000.000.005.00-5.00
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

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.

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