BULLISH THREE GAP DOWNS
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.
BULLISH THREE GAP DOWNS
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2014
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USOTCBB 21150.00100.0018.000.0018.00
IndonesiaIDX 132685351.5277.948.150.447.71
CanadaTSX-V 40171142.5064.719.121.657.47
TaiwanGTSM 46220914345.2468.427.010.656.36
South KoreaKOSDAQ 96058842161.2571.607.150.796.36
Hong KongHKEX 127969144354.0364.117.401.056.34
ArgentinaBUE 44211847.7385.716.480.196.29
USWARRANTS 194221.0550.007.751.756.00
PakistanKSE 29816912556.7173.966.360.425.93
TurkeyBIST 117624352.9969.356.500.945.56
JapanNAGOYA 27141151.8578.575.790.365.43
JapanSAPPORO 43275.0066.677.001.675.33
IsraelTASE 41122614454.9963.726.130.815.32
QatarQE 50281956.0067.865.860.545.32
ChinaSZSE 1606100768762.7068.226.210.895.32
Greece ATHENS 1612775.0058.336.000.835.17
NorwayOSE 1741097264.3764.296.471.335.14
CanadaCSE 331100.0033.337.002.005.00
ChinaSSE 139191064665.4270.995.660.804.86
IndiaBSE 1699100863759.3363.195.851.064.79
Vietnam HOSE 88492655.6853.065.881.334.55
BangladeshDSE 76482863.1658.335.190.694.50
Vietnam HOSE 142214.29100.004.500.004.50
PortugalLISBON 56372866.0775.685.511.034.49
RussiaMICEX 122805165.5763.755.030.594.44
UAEUAE 1610862.5080.004.900.604.30
SingaporeSGX 145704648.2865.714.800.514.29
BrazilBOVESPA 1961067054.0866.045.060.934.12
SpainIBEX 2141319461.2171.764.410.573.84
ArgentinaBUE 116654.55100.003.830.003.83
IndiaNSE 122368943556.5862.864.580.893.69
Austria WIENERBORSE 49352671.4374.294.000.343.66
TaiwanTWSE 72135922649.7962.954.230.643.58
South KoreaKRX 112064443457.5967.294.090.653.44
ThailandSET 175987156.0072.454.000.643.36
BelgiumBRUSSELS 1731087562.4369.443.700.403.31
USOTC PINK 2166124863357.8050.564.831.783.05
USPREFERRED 32717512953.5273.713.350.412.94
The World 63606354262174755.7461.343.750.872.89
USNASDAQ 74763842217051.4456.423.911.082.83
MalaysiaBURSA 138724052.1755.563.941.182.76
CanadaTSX 2090104562250.0059.523.240.622.61
ItalyBORSA 2237131380958.6961.613.430.832.60
Poland GPW 2131237657.7561.793.741.242.50
JapanTOKYO 76214345252757.0158.163.501.022.48
DenmarkCOPENHAGEN 90473152.2265.963.090.622.47
AustraliaASX 70142525060.6358.823.280.852.43
EgyptEGX 3661698546.1750.303.801.412.39
MexicoBMV 2211146452.0455.652.970.602.37
IndiaNSE 159860.0088.892.440.112.33
Saudi ArabiaTADAWUL 55925515745.6261.573.231.012.22
ChileBCS 207635.0085.712.290.142.14
SwedenSTOCKHOLM 42625915660.8060.232.920.872.05
UKLSE 2811165198858.7359.842.870.862.02
USAMEX 54027015650.0057.783.211.202.00
MexicoBMV 116654.55100.002.000.002.00
GermanyXETRA 2435150191861.7261.082.580.691.89
RussiaMICEX 28151353.5786.672.070.201.87
USNYSE 88904499257350.6657.132.760.891.87
NetherlandsAMSTERDAM 53834221263.5761.992.410.611.80
IndonesiaIDX 2011555.0045.451.910.181.73
FrancePARIS 142883150758.1961.012.480.781.70
PhilippinesPSE 148457.1450.001.630.001.63
SwitzerlandSIX 72146027463.8059.571.930.521.41
UKLSE 146342.8650.001.670.331.33
PhilippinesPSE 52231146.1545.832.961.711.25
BrazilBOVESPA 15131086.6776.921.540.311.23
MalaysiaBURSA 199647.3766.671.440.221.22
Vietnam HNX 3718848.6544.442.941.781.17
AustraliaASX 147450.0057.141.290.141.14
UAEUAE 2511944.0081.821.180.091.09
ThailandSET 2115771.4346.671.200.131.07
Poland GPW 2213759.0953.851.150.151.00
SwedenSTOCKHOLM 127358.3342.861.430.431.00
IsraelTASE 2311947.8381.821.000.090.91
JordanASE 2818964.2950.001.781.000.78
FOREXFOREX 1710658.8260.000.800.200.60
ChinaSSE 219342.8633.331.000.440.56
PortugalLISBON 83137.5033.330.330.000.33
NetherlandsAMSTERDAM 83137.5033.330.330.000.33
PakistanKSE 153320.00100.000.330.000.33
ItalyBORSA 83137.5033.330.330.000.33
BelgiumBRUSSELS 83137.5033.330.330.000.33
Austria WIENERBORSE 83137.5033.330.330.000.33
FrancePARIS 83137.5033.330.330.000.33
Greece ATHENS 83137.5033.330.330.000.33
SpainIBEX 83137.5033.330.330.000.33
GermanyXETRA 83137.5033.330.330.000.33
DenmarkCOPENHAGEN 117463.6457.140.430.140.29
CanadaTSX 1211491.6736.360.550.270.27
SwitzerlandSIX 104340.0075.000.500.250.25
TurkeyBIST 197436.8457.141.000.860.14
South KoreaKOSDAQ 2000.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
USFOREX 177241.1828.570.000.14-0.14
OmanMSM 76185.7116.670.170.33-0.17
JapanTOKYO 126450.0066.670.170.33-0.17
TaiwanGTSM 165331.2560.000.200.40-0.20
Hong KongHKEX 289332.1433.330.110.33-0.22
NorwayOSE 149364.2933.330.330.67-0.33
BangladeshDSE 124033.330.000.000.50-0.50
SingaporeSGX 52140.0050.000.001.00-1.00
JapanFUKUOKA 85162.5020.000.201.20-1.00
KuwaitKSE 74157.1425.001.006.00-5.00
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.

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.