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 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 21150.00100.0018.000.0018.00
TurkeyBIST 40319512448.3963.5912.121.1011.02
USWARRANTS 40281570.0053.5713.112.5010.61
JapanFUKUOKA 2910334.4830.0011.602.509.10
JapanNAGOYA 68402658.8265.
IndonesiaIDX 234976541.4567.
USPREFERRED 55231719457.4361.206.821.115.71
EgyptEGX 75437321849.4758.456.981.415.57
ArgentinaBUE 2091198556.9471.436.320.925.39
JapanSAPPORO 43275.0066.677.001.675.33
Vietnam HNX 51251249.0248.006.401.325.08
Poland GPW 47927917058.2560.936.301.324.99
Vietnam HOSE 2551458756.8660.005.901.194.71
ThailandSET 31316811253.6766.675.450.894.55
CanadaTSX-V 1801175565.0047.017.613.224.38
South KoreaKOSDAQ 2418132975255.0056.545.581.214.37
NorwayOSE 3101748856.1350.575.911.744.18
USNASDAQ 97425577321657.3557.565.561.444.12
ChileBCS 50281756.0060.715.251.144.11
IsraelTASE 144072842750.5658.655.411.354.06
IndiaBSE 44902344133552.2756.885.421.394.03
CanadaCSE 110703563.6450.006.672.664.01
IndiaNSE 2993151085250.4856.395.211.293.92
USAMEX 145184148358.1057.305.141.303.85
KuwaitKSE 40251662.5064.005.481.643.84
ArgentinaBUE 148657.1475.003.750.133.63
PakistanKSE 83639822747.6157.044.571.083.49
Hong KongHKEX 2022105659352.2356.164.621.143.48
TaiwanGTSM 103450228148.5555.984.380.953.43
ChinaSZSE 60013056167550.9254.814.531.153.38
DenmarkCOPENHAGEN 2221085848.6553.704.541.183.36
PhilippinesPSE 142764253.5255.264.621.283.34
MalaysiaBURSA 3951659241.7755.764.601.323.28
Austria WIENERBORSE 2181407764.2255.004.361.083.28
BelgiumBRUSSELS 2321327556.9056.824.231.103.14
AustraliaASX 1951108960355.8255.374.211.193.02
PortugalLISBON 64422665.6361.904.171.173.00
SpainIBEX 31417810156.6956.744.171.173.00
SwedenSTOCKHOLM 106759431555.6753.034.391.412.98
USNYSE 159149374544158.9258.
UKLSE 27151155.5673.333.130.202.93
The World 129827734704162856.6456.614.071.162.91
USOTC PINK 47952909143561.1148.985.002.172.83
JapanTOKYO 154718652495955.9257.323.941.122.81
RussiaMICEX 36820311456.2555.073.981.192.78
ChinaSSE 44752242118250.1052.723.851.092.76
South KoreaKRX 2597136373552.4853.933.640.912.73
SingaporeSGX 220955343.1855.793.831.142.69
IndonesiaIDX 2713748.1553.852.850.152.69
TaiwanTWSE 180494751552.4954.383.450.902.55
UKLSE 54933391186461.7554.953.461.192.27
CanadaTSX 37581953106051.9754.283.411.152.26
MexicoBMV 63735918556.3651.533.341.112.22
FrancePARIS 2415148379261.4153.413.271.202.07
BangladeshDSE 2031346166.0145.523.101.181.93
QatarQE 81493060.4961.222.670.761.92
Greece ATHENS 56401871.4345.002.881.031.85
GermanyXETRA 45653001163165.7454.352.791.031.76
RussiaMICEX 50302460.0080.001.900.171.73
SwitzerlandSIX 139788049963.8555.942.721.031.69
Saudi ArabiaTADAWUL 59431016852.1954.192.581.071.51
ItalyBORSA 37482313118261.7151.102.821.391.43
NetherlandsAMSTERDAM 87556631264.6955.122.461.051.41
MexicoBMV 28131146.4384.621.460.081.38
AustraliaASX 2414958.3364.291.360.071.29
BrazilBOVESPA 74245222361.3249.
Vietnam HOSE 259636.0066.671.220.221.00
PhilippinesPSE 2614953.8564.
ThailandSET 2717762.9641.
FOREXFOREX 2114766.6750.
IndiaNSE 2515960.0060.
CanadaTSX 1916784.2143.751.000.190.81
PortugalLISBON 199647.3766.670.890.110.78
UAEUAE 36181350.0072.220.890.110.78
NetherlandsAMSTERDAM 199647.3766.670.890.110.78
ItalyBORSA 199647.3766.670.890.110.78
GermanyXETRA 199647.3766.670.890.110.78
Greece ATHENS 199647.3766.670.890.110.78
FrancePARIS 199647.3766.670.890.110.78
SpainIBEX 199647.3766.670.890.110.78
BelgiumBRUSSELS 199647.3766.670.890.110.78
Austria WIENERBORSE 199647.3766.670.890.110.78
ChileBCS 3413638.2446.151.080.310.77
IsraelTASE 37201354.0565.000.900.150.75
BrazilBOVESPA 1715988.2460.001.130.400.73
Poland GPW 29171058.6258.820.940.240.71
MalaysiaBURSA 2614953.8564.290.930.290.64
UAEUAE 47201042.5550.002.652.150.50
SwedenSTOCKHOLM 3522862.8636.360.730.270.45
Hong KongHKEX 4519942.2247.370.630.260.37
NorwayOSE 2919665.5231.580.790.470.32
DenmarkCOPENHAGEN 2214763.6450.000.430.140.29
South KoreaKOSDAQ 104240.0050.
ChinaSSE 3516645.7137.500.630.380.25
PakistanKSE 205425.0080.
SwitzerlandSIX 2211550.0045.450.360.180.18
SingaporeSGX 1811561.1145.450.550.360.18
USFOREX 2211450.0036.360.270.180.09
TurkeyBIST 4214833.3357.140.710.640.07
BangladeshDSE 176135.2916.670.170.33-0.17
TaiwanGTSM 175229.4140.000.000.40-0.40
JapanTOKYO 2312452.1733.330.080.58-0.50
JordanASE 2415762.5046.670.871.60-0.73
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.