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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 21150.00100.0018.000.0018.00
JapanFUKUOKA 167443.7557.1416.570.8615.71
JapanNAGOYA 50272154.0077.789.890.449.44
Vietnam HNX 3420858.8240.007.001.455.55
NorwayOSE 1811145963.5451.306.611.255.36
JapanSAPPORO 43275.0066.677.001.675.33
TurkeyBIST 2081025749.0455.885.771.024.75
IndonesiaIDX 70332447.1472.735.180.674.52
ThailandSET 1741017058.0569.314.830.674.16
EgyptEGX 47421812345.9956.425.541.444.11
CanadaCSE 51291356.8644.837.593.484.10
IndiaBSE 33811800104853.2458.
ArgentinaBUE 105543652.3865.455.051.223.84
USWARRANTS 105350.0060.004.600.803.80
PhilippinesPSE 71442461.9754.554.861.093.77
IsraelTASE 62731718650.5658.684.700.973.73
ChinaSZSE 3507169291848.2554.264.851.193.67
ArgentinaBUE 128666.6775.003.750.133.63
IndiaNSE 2254116966951.8657.234.781.163.62
SpainIBEX 2331277854.5161.424.430.953.47
KuwaitKSE 22131059.0976.924.310.853.46
Poland GPW 2451297952.6561.244.601.173.43
PakistanKSE 60828816347.3756.604.491.073.42
South KoreaKOSDAQ 144680844755.9555.254.661.243.42
BelgiumBRUSSELS 136805058.8262.504.110.743.38
BrazilBOVESPA 2361418159.7557.454.130.813.32
Vietnam HOSE 132754356.8257.334.521.233.29
JapanTOKYO 99345349315953.8559.064.030.993.03
USNASDAQ 58043185170755.0553.434.261.302.96
TaiwanGTSM 53325814848.4157.363.700.852.85
MexicoBMV 3551778949.8650.283.670.842.83
MalaysiaBURSA 180885348.8960.233.500.972.53
USOTC PINK 2886177786961.6448.854.512.022.49
The World 75746420272301955.5254.743.461.062.40
BangladeshDSE 128813363.2840.743.521.172.35
AustraliaASX 101062735662.0856.783.290.972.32
South KoreaKRX 184195751451.9853.713.120.902.22
PortugalLISBON 54341962.9655.883.150.972.18
RussiaMICEX 2121226357.5551.643.100.992.11
ChinaSSE 2757131465747.6650.
DenmarkCOPENHAGEN 129643649.6156.253.020.972.05
USNYSE 103585733310055.3654.062.970.972.00
MexicoBMV 219942.86100.
USAMEX 72741524057.0857.833.111.151.96
Hong KongHKEX 126367234553.2951.
IndonesiaIDX 1610562.5050.
SingaporeSGX 97492150.5242.863.001.101.90
Saudi ArabiaTADAWUL 47924714251.5757.492.670.771.89
CanadaTSX 2343123766452.8053.682.770.921.85
CanadaTSX-V 98582962.2447.544.973.161.80
IndiaNSE 169856.2588.891.890.111.78
USPREFERRED 38821613155.6760.652.100.331.77
SwedenSTOCKHOLM 67539420358.3751.522.881.121.76
RussiaMICEX 34181452.9477.781.890.171.72
UKLSE 1910752.6370.001.900.201.70
Austria WIENERBORSE 74492866.2257.142.881.241.63
NetherlandsAMSTERDAM 53833719662.6458.162.080.681.40
Vietnam HOSE 195226.3240.001.800.401.40
ItalyBORSA 2267139570061.5450.182.441.081.36
UKLSE 32071977103361.7152.202.381.031.36
AustraliaASX 1910752.6370.001.400.101.30
PhilippinesPSE 1810655.5660.001.300.001.30
PortugalLISBON 126450.0066.671.330.171.17
NetherlandsAMSTERDAM 126450.0066.671.330.171.17
Greece ATHENS 126450.0066.671.330.171.17
ItalyBORSA 126450.0066.671.330.171.17
FrancePARIS 126450.0066.671.330.171.17
SpainIBEX 126450.0066.671.330.171.17
GermanyXETRA 126450.0066.671.330.171.17
BelgiumBRUSSELS 126450.0066.671.330.171.17
Austria WIENERBORSE 126450.0066.671.330.171.17
UAEUAE 2813746.4353.852.381.231.15
SwitzerlandSIX 84955431865.2557.401.830.691.14
TaiwanTWSE 107454526650.7448.812.080.951.13
BrazilBOVESPA 1311884.6272.731.450.361.09
ThailandSET 2215668.1840.
ChileBCS 299531.0355.561.440.441.00
GermanyXETRA 2601171186265.7850.381.890.891.00
FrancePARIS 155993947060.2350.
QatarQE 47311865.9658.061.710.740.97
FOREXFOREX 2114766.6750.
MalaysiaBURSA 2312852.1766.671.080.170.92
Poland GPW 2515960.0060.
IsraelTASE 28141050.0071.430.930.070.86
UAEUAE 32151046.8866.670.870.130.73
SwedenSTOCKHOLM 2315665.2240.000.930.270.67
ChinaSSE 2511344.0027.270.820.360.45
DenmarkCOPENHAGEN 1613781.2553.850.460.080.38
PakistanKSE 163318.75100.000.330.000.33
CanadaTSX 1512480.0033.330.500.250.25
NorwayOSE 2315565.2233.330.730.530.20
SingaporeSGX 127458.3357.140.430.290.14
ChileBCS 32166.6750.
Greece ATHENS 35271077.1437.
SwitzerlandSIX 2010450.0040.
South KoreaKOSDAQ 3000.
TurkeyBIST 4013732.5053.850.690.690.00
Hong KongHKEX 3716643.2437.500.250.31-0.06
BangladeshDSE 135138.4620.000.200.40-0.20
USFOREX 199247.3722.220.000.22-0.22
JapanTOKYO 179352.9433.330.110.78-0.67
TaiwanGTSM 143121.4333.330.000.67-0.67
JordanASE 149364.2933.330.671.89-1.22
OmanMSM 74057.
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.