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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
Austria WIENERBORSE 21150.00100.0013.000.0013.00
PhilippinesPSE 221100.0050.0010.000.509.50
EgyptEGX 21150.00100.009.000.009.00
PakistanKSE 115445.4580.007.000.007.00
ThailandSET 74357.1475.005.000.504.50
ChinaSSE 46331571.7445.455.521.364.15
USAMEX 108480.0050.004.500.753.75
CanadaTSX 54402474.0760.003.950.433.53
ItalyBORSA 29241682.7666.674.290.793.50
USOTC PINK 35241468.5758.336.002.583.42
SwitzerlandSIX 1711764.7163.643.640.363.27
Vietnam HOSE 76485.7166.673.330.502.83
USNASDAQ 119874573.1151.723.670.942.72
South KoreaKRX 41281568.2953.573.390.682.71
IndiaBSE 89553161.8056.364.551.892.65
NetherlandsAMSTERDAM 64366.6775.002.750.252.50
DenmarkCOPENHAGEN 332100.0066.675.002.672.33
GermanyXETRA 34211161.7652.383.331.052.29
Hong KongHKEX 53392173.5853.853.211.052.15
QatarQE 111100.00100.002.000.002.00
JapanTOKYO 1451025470.3452.942.861.001.86
The World 1437102252271.1251.082.861.111.75
South KoreaKOSDAQ 54402274.0755.003.081.351.73
BangladeshDSE 1612775.0058.332.170.581.58
SingaporeSGX 43275.0066.671.670.331.33
USNYSE 1881427275.5350.702.030.721.31
ChinaSZSE 55442480.0054.552.891.841.05
Poland GPW 442100.0050.001.250.251.00
SwedenSTOCKHOLM 136346.1550.001.830.831.00
MalaysiaBURSA 104340.0075.001.250.251.00
IndiaNSE 64422165.6350.002.951.951.00
IsraelTASE 108480.0050.002.381.381.00
NorwayOSE 32266.67100.001.000.001.00
AustraliaASX 2314760.8750.001.430.570.86
BrazilBOVESPA 1610662.5060.001.300.600.70
UKLSE 81582471.6041.381.571.100.47
MexicoBMV 663100.0050.000.670.500.17
PortugalLISBON 2000.000.000.000.000.00
JapanNAGOYA 1000.000.000.000.000.00
USPREFERRED 2617765.3841.180.350.53-0.18
FrancePARIS 169356.2533.331.111.44-0.33
TaiwanTWSE 2113661.9046.150.771.23-0.46
Saudi ArabiaTADAWUL 54380.0075.000.250.75-0.50
RussiaMICEX 86275.0033.331.331.83-0.50
TaiwanGTSM 1815683.3340.000.731.47-0.73
TurkeyBIST 84150.0025.000.251.00-0.75
ArgentinaBUE 110100.000.000.001.00-1.00
Greece ATHENS 42150.0050.002.003.00-1.00
BelgiumBRUSSELS 561120.0016.670.331.50-1.17
IndonesiaIDX 551100.0020.001.002.40-1.40
Vietnam HNX 32066.670.000.001.50-1.50
SpainIBEX 43075.000.000.002.33-2.33
CanadaCSE 110100.000.000.005.00-5.00
CanadaTSX-V 221100.0050.000.506.00-5.50
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.

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