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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 111100.00100.0023.190.0023.19
CanadaTSX-V 87687.5085.7114.300.6313.66
IndonesiaIDX 118772.7387.509.970.329.66
PhilippinesPSE 331100.0033.339.090.528.58
IsraelTASE 65383.3360.004.930.094.84
USOTC PINK 59402371.1954.765.881.134.74
NorwayOSE 128666.6775.005.120.484.64
USAMEX 36241666.6766.673.570.293.28
Hong KongHKEX 71462564.7954.354.361.143.21
USNASDAQ 2151457567.4451.724.211.153.06
QatarQE 111100.00100.002.980.002.98
FrancePARIS 29201268.9760.003.700.812.89
Austria WIENERBORSE 96366.6750.004.181.362.81
DenmarkCOPENHAGEN 54380.0075.002.840.092.75
ItalyBORSA 72563377.7858.933.080.452.63
South KoreaKOSDAQ 89613268.5452.463.490.892.60
IndiaBSE 1691166468.6455.173.791.272.52
ThailandSET 1815683.3340.003.541.252.29
Vietnam HOSE 128466.6750.003.381.152.23
MalaysiaBURSA 2114766.6750.003.811.582.22
JapanTOKYO 2301508865.2258.673.160.982.19
ArgentinaBUE 31133.33100.002.160.002.16
The World 2638177492768.9950.932.930.922.01
TaiwanTWSE 54382070.3752.632.820.851.97
ChinaSSE 1531115872.5552.252.920.951.96
UKLSE 1541106071.4354.552.710.791.92
IndiaNSE 93603264.5253.333.311.401.91
TurkeyBIST 32166.6750.003.231.421.81
PakistanKSE 115445.4580.001.830.021.81
ChinaSZSE 1691236972.7856.102.801.121.68
TaiwanGTSM 3015750.0046.672.550.981.56
South KoreaKRX 73472864.3859.572.230.681.56
GermanyXETRA 66482672.7354.172.110.601.51
USNYSE 2892059770.9347.322.080.721.35
AustraliaASX 3421661.7628.572.811.551.25
CanadaTSX 62401964.5247.501.770.591.17
BelgiumBRUSSELS 63150.0033.332.451.510.94
SingaporeSGX 76285.7133.331.891.070.82
Saudi ArabiaTADAWUL 85362.5060.001.090.310.78
SwitzerlandSIX 4025962.5036.000.870.550.31
NetherlandsAMSTERDAM 994100.0044.440.750.440.31
KuwaitKSE 41125.00100.000.150.000.15
MexicoBMV 86275.0033.331.981.920.07
USPREFERRED 390074.360.000.000.000.00
RussiaMICEX 180083.330.000.000.000.00
RussiaMICEX 21150.00100.000.000.000.00
BrazilBOVESPA 1000.000.000.000.000.00
Poland GPW 2018990.0050.001.391.66-0.27
BrazilBOVESPA 2517768.0041.181.451.73-0.28
SpainIBEX 109490.0044.441.021.41-0.39
Greece ATHENS 43175.0033.330.161.10-0.94
BangladeshDSE 81012.500.000.001.05-1.05
UAEUAE 32066.670.000.001.05-1.05
SwedenSTOCKHOLM 1810355.5630.000.371.55-1.18
EgyptEGX 43075.000.000.001.57-1.57
PortugalLISBON 21050.000.000.003.72-3.72
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.