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 1/1/2017
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
TurkeyBIST 32917211052.2863.9512.210.9511.26
IndonesiaIDX 2761198843.1273.959.180.798.39
JapanNAGOYA 71392954.9374.368.590.927.67
JapanFUKUOKA 2413554.1738.468.851.697.15
ArgentinaBUE 145765352.4169.747.431.226.21
USPREFERRED 66937523456.0562.406.761.095.66
ChileBCS 2313756.5253.856.381.005.38
JapanSAPPORO 43275.0066.677.001.675.33
CanadaTSX-V 137885164.2357.958.102.885.23
Poland GPW 46025416155.2263.395.911.154.76
South KoreaKOSDAQ 2236125874656.2659.305.951.254.70
Austria WIENERBORSE 103694066.9957.976.131.434.70
TaiwanGTSM 107249529946.1860.405.550.884.67
EgyptEGX 82537521345.4556.805.951.364.59
Hong KongHKEX 2485129676652.1559.105.831.244.59
IsraelTASE 131463936348.6356.815.801.434.37
ThailandSET 34518311953.0465.035.110.904.21
ChinaSZSE 47162568148754.4557.905.321.204.12
Vietnam HOSE 2051196458.0553.785.391.294.11
NorwayOSE 3171809856.7854.445.481.484.00
PakistanKSE 76636320947.3957.584.951.033.92
Vietnam HNX 61301349.1843.335.601.733.87
MalaysiaBURSA 3821498639.0157.725.181.373.81
IndiaNSE 3367167693549.7855.795.021.343.68
IndiaBSE 47452481136952.2955.185.201.553.65
ArgentinaBUE 138661.5475.003.750.133.63
CanadaCSE 75472262.6746.816.513.023.49
USNASDAQ 98445348298354.3355.784.921.473.45
ChinaSSE 37402011112353.7755.844.371.163.22
SpainIBEX 39123013658.8259.134.251.163.09
QatarQE 96553457.2961.823.890.823.07
TaiwanTWSE 184791351349.4356.193.940.903.04
UKLSE 27151155.5673.333.130.202.93
IndonesiaIDX 2112657.1450.003.000.172.83
SwedenSTOCKHOLM 112163034156.2054.134.061.282.78
South KoreaKRX 2484129272852.0156.353.660.912.76
RussiaMICEX 3051749557.0554.604.071.432.65
JapanTOKYO 179889933567555.2257.133.841.192.65
The World 127665702143907155.0355.623.871.232.64
BelgiumBRUSSELS 29016910158.2859.763.510.882.63
BangladeshDSE 2101326462.8648.483.851.232.62
PortugalLISBON 102644362.7567.193.781.192.59
DenmarkCOPENHAGEN 2371166448.9555.173.531.012.52
SingaporeSGX 2881086237.5057.413.571.072.50
AustraliaASX 1897106857456.3053.753.631.292.34
Greece ATHENS 50351670.0045.713.260.942.31
PhilippinesPSE 131673551.1552.243.641.342.30
USOTC PINK 52493011142657.9546.884.352.192.16
MexicoBMV 52927814652.5552.523.181.042.15
CanadaTSX 43962161115849.1653.593.181.082.10
USNYSE 175999500514053.9854.113.291.232.06
USAMEX 128171339555.6655.403.281.481.81
RussiaMICEX 38201652.6380.001.900.151.75
IndiaNSE 1810955.5690.001.700.101.60
UKLSE 57853381182758.4454.042.781.211.57
MexicoBMV 24111045.8390.911.640.091.55
Saudi ArabiaTADAWUL 86241222247.8053.882.741.261.48
FrancePARIS 2806168789160.1252.822.591.151.45
Vietnam HOSE 215223.8140.001.800.401.40
GermanyXETRA 49603194170364.4453.292.451.061.39
AustraliaASX 2313956.5269.231.460.081.38
ItalyBORSA 42262523128459.7050.892.741.391.35
SwitzerlandSIX 149793051762.1255.592.190.921.28
BrazilBOVESPA 49730715661.7750.813.882.701.18
NetherlandsAMSTERDAM 100163335163.2455.452.241.071.17
PortugalLISBON 136446.1566.671.330.171.17
GermanyXETRA 136446.1566.671.330.171.17
Greece ATHENS 136446.1566.671.330.171.17
FrancePARIS 136446.1566.671.330.171.17
SpainIBEX 136446.1566.671.330.171.17
BelgiumBRUSSELS 136446.1566.671.330.171.17
Austria WIENERBORSE 136446.1566.671.330.171.17
ItalyBORSA 136446.1566.671.330.171.17
NetherlandsAMSTERDAM 136446.1566.671.330.171.17
PhilippinesPSE 2213859.0961.541.080.001.08
ThailandSET 2416766.6743.751.130.131.00
UAEUAE 55271549.0955.563.002.040.96
FOREXFOREX 2114766.6750.001.140.210.93
ChileBCS 3211634.3854.551.270.360.91
IsraelTASE 34171250.0070.591.000.120.88
Poland GPW 2715955.5660.001.070.200.87
KuwaitKSE 38221357.8959.093.772.910.86
CanadaTSX 1613581.2538.461.080.230.85
BrazilBOVESPA 1614887.5057.141.140.430.71
MalaysiaBURSA 2413854.1761.541.000.310.69
UAEUAE 33161148.4868.750.810.130.69
SwedenSTOCKHOLM 2719870.3742.110.840.260.58
South KoreaKOSDAQ 52240.00100.000.500.000.50
ChinaSSE 3014546.6735.710.710.290.43
Hong KongHKEX 4218842.8644.440.670.280.39
DenmarkCOPENHAGEN 2013765.0053.850.460.080.38
PakistanKSE 173317.65100.000.330.000.33
NorwayOSE 2818664.2933.330.830.500.33
JordanASE 37251167.5744.001.481.240.24
SingaporeSGX 1510566.6750.000.600.400.20
USFOREX 2110347.6230.000.300.200.10
SwitzerlandSIX 2110447.6240.000.200.200.00
TurkeyBIST 4013732.5053.850.690.690.00
BangladeshDSE 155133.3320.000.200.40-0.20
TaiwanGTSM 165231.2540.000.000.40-0.40
JapanTOKYO 2312452.1733.330.080.58-0.50
OmanMSM 106060.000.000.001.50-1.50
USWARRANTS 1911457.8936.362.096.36-4.27
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.