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 1/1/2015
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
JapanNAGOYA 49292559.1886.219.100.288.83
IndonesiaIDX 159785949.0675.647.560.517.05
ArgentinaBUE 98493950.0079.597.610.617.00
South KoreaKOSDAQ 138479756458.6769.466.650.775.88
PakistanKSE 50825718350.5971.216.370.535.84
TaiwanGTSM 64128819744.9368.406.420.625.80
Hong KongHKEX 168990357453.4663.576.411.025.39
JapanSAPPORO 43275.0066.677.001.675.33
TurkeyBIST 2031087053.2064.815.870.904.97
CanadaCSE 2615757.6946.676.671.734.93
IndiaBSE 29431665107856.5764.745.971.044.92
IsraelTASE 61731520151.0563.815.540.764.78
NorwayOSE 2141368664.0262.776.071.314.77
Vietnam HOSE 128744257.8156.765.641.114.53
ChinaSZSE 31661742113355.0265.045.330.904.43
ArgentinaBUE 107670.0085.714.290.004.29
CanadaTSX-V 91502754.9554.006.522.344.18
QatarQE 74432858.1165.124.670.564.12
ThailandSET 2101258759.5269.604.760.694.07
IndiaNSE 2007108268353.9163.124.910.874.04
BangladeshDSE 108744268.5256.764.540.773.77
USNASDAQ 61923199191651.6859.884.751.043.71
Greece ATHENS 29211372.4161.904.520.863.67
ChinaSSE 2526144692357.2463.834.480.903.59
SpainIBEX 27416410659.8564.634.190.683.51
BrazilBOVESPA 2801559255.3659.354.350.863.50
USAMEX 44021713749.3263.134.681.283.40
RussiaMICEX 1871136660.4358.414.080.773.31
South KoreaKRX 168494660756.1864.163.750.653.10
PhilippinesPSE 80412251.2553.664.221.123.10
UAEUAE 26161261.5475.003.690.633.06
BelgiumBRUSSELS 2001228461.0068.853.560.572.98
USOTC PINK 3168186094458.8150.674.621.662.96
EgyptEGX 51222912444.7354.154.181.232.95
SingaporeSGX 162764446.9157.893.760.842.92
Poland GPW 28215910056.7462.503.941.042.90
The World 82413457852773555.5960.543.670.862.81
TaiwanTWSE 111454832049.1958.393.510.702.81
AustraliaASX 100362537062.3159.203.630.842.78
MalaysiaBURSA 198975248.9953.614.041.292.75
PortugalLISBON 78473260.2668.093.791.092.70
JapanTOKYO 104895875342056.0558.173.440.982.46
USWARRANTS 269534.6255.563.561.112.44
ItalyBORSA 29771800106960.4659.393.270.872.40
Austria WIENERBORSE 65483373.8568.753.330.962.38
CanadaTSX 2729139082050.9758.952.960.622.35
Saudi ArabiaTADAWUL 69532520146.7661.853.210.922.28
DenmarkCOPENHAGEN 137724452.5561.112.850.742.11
Vietnam HNX 43211148.8452.384.142.052.10
SwedenSTOCKHOLM 61836722359.3960.762.910.872.04
MexicoBMV 188844.44100.002.000.002.00
Vietnam HOSE 184222.2250.002.250.252.00
RussiaMICEX 30161353.3381.252.060.131.94
USPREFERRED 41923014254.8961.742.300.381.93
IndonesiaIDX 1610562.5050.002.100.201.90
UKLSE 37932249134459.2959.762.660.831.82
MexicoBMV 3371648548.6651.832.580.771.80
GermanyXETRA 32632127128565.1960.412.430.661.78
UKLSE 189650.0066.672.000.221.78
IndiaNSE 139869.2388.891.890.111.78
NetherlandsAMSTERDAM 66042926865.0062.472.330.591.75
USNYSE 120636181348751.2456.412.580.861.73
PhilippinesPSE 148457.1450.001.630.001.63
FrancePARIS 1881113266660.1858.832.350.781.57
SwitzerlandSIX 98363138064.1960.221.940.561.38
AustraliaASX 179652.9466.671.440.111.33
MalaysiaBURSA 209745.0077.781.440.221.22
BrazilBOVESPA 1311884.6272.731.450.361.09
ThailandSET 2215668.1840.001.200.131.07
ItalyBORSA 94244.4450.001.250.251.00
Greece ATHENS 94244.4450.001.250.251.00
NetherlandsAMSTERDAM 94244.4450.001.250.251.00
FrancePARIS 94244.4450.001.250.251.00
SpainIBEX 94244.4450.001.250.251.00
ChileBCS 279533.3355.561.440.441.00
GermanyXETRA 94244.4450.001.250.251.00
Austria WIENERBORSE 94244.4450.001.250.251.00
BelgiumBRUSSELS 94244.4450.001.250.251.00
PortugalLISBON 94244.4450.001.250.251.00
Poland GPW 2213759.0953.851.150.230.92
UAEUAE 2914948.2864.290.930.140.79
JordanASE 28181064.2955.561.781.000.78
FOREXFOREX 2013765.0053.851.000.230.77
IsraelTASE 2612946.1575.000.830.080.75
SwedenSTOCKHOLM 1913568.4238.461.000.310.69
ChinaSSE 2310343.4830.000.900.400.50
PakistanKSE 163318.75100.000.330.000.33
DenmarkCOPENHAGEN 139469.2344.440.330.000.33
CanadaTSX 1312492.3133.330.500.250.25
TurkeyBIST 337421.2157.141.000.860.14
South KoreaKOSDAQ 3000.000.000.000.000.00
JapanFUKUOKA 96266.6733.331.001.000.00
ChileBCS 1000.000.000.000.000.00
SwitzerlandSIX 168350.0037.500.250.250.00
NorwayOSE 2113561.9038.460.310.46-0.15
SingaporeSGX 95255.5640.000.200.40-0.20
BangladeshDSE 135138.4620.000.200.40-0.20
Hong KongHKEX 3413438.2430.770.080.31-0.23
USFOREX 188244.4425.000.000.25-0.25
TaiwanGTSM 143121.4333.330.000.67-0.67
JapanTOKYO 158253.3325.000.000.88-0.88
KuwaitKSE 147450.0057.142.293.43-1.14
OmanMSM 106060.000.000.001.50-1.50
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.

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