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.
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.
Pattern Performance in Stock Exchanges since 1/1/2017
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 21150.00100.0018.000.0018.00
TurkeyBIST 35218312051.9965.5712.680.9011.78
IndonesiaIDX 2771198742.9673.119.180.878.31
JapanFUKUOKA 2310243.4820.0011.102.808.30
JapanNAGOYA 71423059.1571.438.121.027.10
ArgentinaBUE 170896252.3569.667.921.086.84
ChileBCS 2814850.0057.146.860.935.93
USPREFERRED 66036823055.7662.506.651.125.54
JapanSAPPORO 43275.0066.677.001.675.33
Poland GPW 49728117856.5463.356.221.185.04
South KoreaKOSDAQ 2312130277056.3159.145.911.254.66
EgyptEGX 87140022745.9256.755.951.344.61
TaiwanGTSM 111351731246.4560.355.420.864.56
Vietnam HOSE 2181297259.1755.815.701.224.47
Hong KongHKEX 2525131477552.0458.985.681.234.45
IsraelTASE 135266038048.8257.585.791.394.40
Austria WIENERBORSE 131844764.1255.955.751.404.35
ThailandSET 35819012353.0764.744.990.894.09
CanadaTSX-V 153975363.4054.647.042.994.05
ChinaSZSE 49212683153254.5257.
MalaysiaBURSA 3921558939.5457.425.221.343.88
Vietnam HNX 63301347.6243.335.601.733.87
NorwayOSE 32718510056.5754.055.391.573.82
PakistanKSE 79338122348.0558.534.801.023.78
IndiaBSE 48352532140252.3755.375.211.533.68
IndiaNSE 3416170594949.9155.665.001.333.67
ArgentinaBUE 138661.5475.003.750.133.63
USNASDAQ 98465387302754.7456.164.931.453.48
USWARRANTS 2213659.0946.158.855.383.46
CanadaCSE 80502262.5044.006.122.703.42
BelgiumBRUSSELS 31018010958.0660.564.220.873.35
ChinaSSE 38502072115253.8255.604.331.163.17
DenmarkCOPENHAGEN 2491247149.8057.264.150.993.15
SingaporeSGX 2971136638.0558.414.191.053.14
SpainIBEX 39823113658.0458.874.291.163.13
TaiwanTWSE 193596755649.9757.503.910.873.03
UKLSE 27151155.5673.333.130.202.93
QatarQE 101583657.4362.073.720.792.93
SwedenSTOCKHOLM 119067237256.4755.364.121.282.84
IndonesiaIDX 2412650.0050.
PhilippinesPSE 131683751.9154.414.031.212.82
The World 138683769194355155.5656.523.991.182.81
USNYSE 1839710119570655.0256.373.961.172.80
South KoreaKRX 2566133875652.2656.383.670.902.77
RussiaMICEX 3221819956.2154.704.161.412.75
Greece ATHENS 52361769.2347.223.640.922.72
AustraliaASX 1975111861456.6154.923.891.252.64
JapanTOKYO 1845010228580055.4456.713.801.192.60
PortugalLISBON 103644362.1467.193.781.192.59
BangladeshDSE 2221436764.4146.853.771.212.56
USOTC PINK 54423155152958.4548.074.642.112.52
CanadaTSX 44892232121949.7254.613.421.072.35
USAMEX 136876743856.0757.113.661.402.26
MexicoBMV 58131016253.3652.
UKLSE 60533515194558.7054.743.121.112.01
FrancePARIS 2947177095860.0654.
GermanyXETRA 51943314181263.9454.562.741.031.71
RussiaMICEX 41231856.1078.261.870.171.70
ItalyBORSA 44182587136059.6451.612.921.311.61
SwitzerlandSIX 151093352361.7956.062.530.931.60
Saudi ArabiaTADAWUL 87541922747.8954.182.741.241.50
MexicoBMV 27121044.4483.331.500.081.42
Vietnam HOSE 215223.8140.001.800.401.40
BrazilBOVESPA 54532716860.0051.383.982.581.40
AustraliaASX 2313956.5269.231.460.081.38
NetherlandsAMSTERDAM 104665836962.9156.082.381.051.34
KuwaitKSE 38221457.8963.644.002.681.32
IndiaNSE 1911957.8981.821.550.271.27
ThailandSET 2616761.5443.751.130.131.00
PortugalLISBON 147550.0071.431.140.141.00
GermanyXETRA 147550.0071.431.140.141.00
Greece ATHENS 147550.0071.431.140.141.00
FrancePARIS 147550.0071.431.140.141.00
SpainIBEX 147550.0071.431.140.141.00
BelgiumBRUSSELS 147550.0071.431.140.141.00
Austria WIENERBORSE 147550.0071.431.140.141.00
ItalyBORSA 147550.0071.431.140.141.00
NetherlandsAMSTERDAM 147550.0071.431.140.141.00
PhilippinesPSE 2314960.8764.
FOREXFOREX 2114766.6750.
ChileBCS 3211634.3854.551.270.360.91
UAEUAE 59281547.4653.572.892.000.89
Poland GPW 2715955.5660.
CanadaTSX 1613581.2538.461.080.230.85
IsraelTASE 35181251.4366.670.940.110.83
BrazilBOVESPA 1614887.5057.141.140.430.71
MalaysiaBURSA 2413854.1761.541.000.310.69
UAEUAE 33161148.4868.750.810.130.69
SwedenSTOCKHOLM 3020866.6740.000.800.300.50
ChinaSSE 3014546.6735.710.710.290.43
Hong KongHKEX 4218842.8644.440.670.280.39
JordanASE 29221075.8645.451.551.180.36
PakistanKSE 173317.65100.000.330.000.33
NorwayOSE 2818664.2933.330.830.500.33
South KoreaKOSDAQ 73242.8666.670.330.000.33
DenmarkCOPENHAGEN 2214763.6450.000.430.140.29
SingaporeSGX 1510566.6750.000.600.400.20
USFOREX 2110347.6230.000.300.200.10
SwitzerlandSIX 2110447.6240.
TurkeyBIST 4013732.5053.850.690.690.00
BangladeshDSE 165131.2520.000.200.40-0.20
TaiwanGTSM 165231.2540.000.000.40-0.40
JapanTOKYO 2312452.1733.330.080.58-0.50
OmanMSM 106060.
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


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.