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 239439.1344.4412.674.338.33
JapanNAGOYA 65362755.3875.008.110.757.36
IndonesiaIDX 203966547.2967.716.350.715.65
ArgentinaBUE 129664351.1665.156.741.145.61
TurkeyBIST 2901539952.7664.716.510.955.56
JapanSAPPORO 43275.0066.677.001.675.33
South KoreaKOSDAQ 2276130480057.3461.305.711.134.58
NorwayOSE 33619211357.1458.855.521.164.35
IsraelTASE 92547127750.9258.815.210.884.34
PakistanKSE 73736721949.8059.675.260.974.29
ChinaSZSE 52212840166054.4058.455.321.144.18
MalaysiaBURSA 35217210648.8661.635.080.974.11
IndiaBSE 45432460143954.1558.505.361.354.01
Hong KongHKEX 2466132076253.6157.645.171.223.95
Vietnam HOSE 1931196361.6652.945.191.353.84
CanadaTSX-V 137834560.5854.226.642.903.73
ArgentinaBUE 128666.6775.003.750.133.63
IndiaNSE 33631792104353.2958.204.761.153.61
BrazilBOVESPA 46727616459.1059.424.510.913.60
USWARRANTS 105450.0080.004.601.003.60
Vietnam HNX 59281247.4642.865.361.793.57
TaiwanGTSM 93245025848.2857.334.380.843.54
ThailandSET 33518412054.9365.224.240.793.46
PortugalLISBON 113674359.2964.184.551.103.45
BelgiumBRUSSELS 28616010955.9468.134.040.633.42
EgyptEGX 87437821143.2555.824.731.423.31
SpainIBEX 39123514460.1061.284.060.863.20
ChinaSSE 41572270130454.6157.444.221.053.17
QatarQE 106613857.5562.303.800.803.00
CanadaCSE 58331460.3440.006.313.342.97
USNASDAQ 92284946271953.6154.963.981.222.75
PhilippinesPSE 121673255.3747.764.091.422.67
RussiaMICEX 2591528658.6956.583.570.932.64
JapanTOKYO 167949228530454.9557.483.691.072.61
Austria WIENERBORSE 107724467.2961.113.530.922.61
MexicoBMV 51326013750.6852.693.460.892.57
The World 126687700003979055.2856.823.531.012.52
South KoreaKRX 2748148680354.0854.043.400.902.50
KuwaitKSE 31201464.5270.004.001.502.50
DenmarkCOPENHAGEN 2201197154.0959.663.180.692.50
Poland GPW 41323513656.9057.873.701.322.38
USPREFERRED 50428617556.7561.192.720.352.37
CanadaTSX 46432347132850.5556.583.170.862.31
SwedenSTOCKHOLM 104360433657.9155.633.280.982.31
BangladeshDSE 2501568062.4051.
AustraliaASX 1629101057662.0057.033.130.902.23
USOTC PINK 54193136150058.2047.564.081.892.19
TaiwanTWSE 166182444149.6153.523.000.842.16
SingaporeSGX 218994945.4149.493.070.922.15
USAMEX 128069139053.9856.443.301.232.08
IndonesiaIDX 1710558.8250.
USNYSE 183679674524552.6754.222.850.981.87
ItalyBORSA 40492396133259.1855.592.750.941.81
MexicoBMV 22101045.45100.001.800.001.80
IndiaNSE 169856.2588.891.890.111.78
RussiaMICEX 34181452.9477.781.890.171.72
Saudi ArabiaTADAWUL 91042823947.0355.842.771.111.66
UKLSE 56203330186259.3255.852.520.921.60
NetherlandsAMSTERDAM 92959535464.0559.502.210.701.50
Greece ATHENS 60411768.3341.462.851.371.49
UKLSE 2011755.0063.641.730.271.45
FrancePARIS 2756162992259.1156.602.270.851.42
Vietnam HOSE 195226.3240.001.800.401.40
GermanyXETRA 45262877161263.5756.032.160.781.37
SwitzerlandSIX 147192054662.5459.351.930.601.32
AustraliaASX 1910752.6370.001.400.101.30
PhilippinesPSE 1911757.8963.641.180.001.18
PortugalLISBON 126450.0066.671.330.171.17
FrancePARIS 126450.0066.671.330.171.17
Greece ATHENS 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
ItalyBORSA 126450.0066.671.330.171.17
NetherlandsAMSTERDAM 126450.0066.671.330.171.17
UAEUAE 52261550.0057.693.001.881.12
BrazilBOVESPA 1311884.6272.731.450.361.09
ThailandSET 2215668.1840.
ChileBCS 299531.0355.561.440.441.00
IsraelTASE 30151150.0073.331.000.070.93
FOREXFOREX 2114766.6750.
MalaysiaBURSA 2312852.1766.671.080.170.92
Poland GPW 2515960.0060.
UAEUAE 33161148.4868.750.810.130.69
SwedenSTOCKHOLM 2517768.0041.180.880.290.59
ChinaSSE 2712344.4425.000.750.330.42
DenmarkCOPENHAGEN 1613781.2553.850.460.080.38
PakistanKSE 163318.75100.000.330.000.33
ChileBCS 43275.0066.671.000.670.33
CanadaTSX 1512480.0033.330.500.250.25
NorwayOSE 2315565.2233.330.730.530.20
JordanASE 3222968.7540.911.501.320.18
SingaporeSGX 127458.3357.140.430.290.14
SwitzerlandSIX 2010450.0040.
South KoreaKOSDAQ 3000.
USFOREX 2010350.0030.
TurkeyBIST 4013732.5053.850.690.690.00
Hong KongHKEX 3716643.2437.500.250.31-0.06
BangladeshDSE 135138.4620.000.200.40-0.20
TaiwanGTSM 143121.4333.330.000.67-0.67
JapanTOKYO 179352.9433.330.110.78-0.67
OmanMSM 167143.7514.290.141.86-1.71
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


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