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
USWARRANTS 28181264.2966.6716.501.7214.78
TurkeyBIST 37918811849.6062.7712.271.1211.14
JapanFUKUOKA 279333.3333.3312.892.7810.11
IndonesiaIDX 222926441.4469.578.521.077.46
JapanNAGOYA 66392659.0966.678.361.137.23
USPREFERRED 54331519458.0161.597.141.335.81
ArgentinaBUE 1981097955.5671.826.700.925.78
EgyptEGX 72935420548.5657.916.801.445.36
JapanSAPPORO 43275.0066.677.001.675.33
Vietnam HNX 50251250.0048.006.401.325.08
Poland GPW 44925916057.6861.786.341.285.06
ThailandSET 29916010953.5168.135.540.864.68
ChileBCS 40211252.5057.145.571.004.57
Vietnam HOSE 2461398256.5058.995.391.234.16
CanadaTSX-V 1741155566.0947.837.303.184.11
IsraelTASE 139168840850.3258.295.451.344.10
KuwaitKSE 39241661.5466.675.711.634.08
USNASDAQ 90405197297657.6057.155.561.474.08
IndiaNSE 2950147982650.2055.775.341.324.02
IndiaBSE 43742265127751.7856.385.431.443.98
South KoreaKOSDAQ 2110116864155.4054.835.171.253.92
ArgentinaBUE 148657.1475.003.750.133.63
TaiwanGTSM 96446826948.5557.484.520.903.62
NorwayOSE 2911648256.3650.005.311.723.59
PakistanKSE 77236421047.1557.694.621.053.57
PhilippinesPSE 137734053.2854.794.781.253.53
DenmarkCOPENHAGEN 2121045649.0653.854.671.163.51
Hong KongHKEX 188898054951.9156.024.611.113.49
Austria WIENERBORSE 1981307165.6654.624.481.113.38
ChinaSZSE 54922734147249.7853.844.521.183.35
BelgiumBRUSSELS 2231257156.0556.804.341.093.26
MalaysiaBURSA 3831619242.0457.144.471.273.19
CanadaCSE 103663264.0848.486.122.943.18
USNYSE 147958731504359.0357.744.211.153.06
AustraliaASX 1907106258455.7454.944.241.243.00
SwedenSTOCKHOLM 102957130255.6952.714.401.422.98
UKLSE 27151155.5673.333.130.202.93
PortugalLISBON 64432667.1960.474.091.162.93
The World 123140695943933356.5756.464.051.172.88
SpainIBEX 3161769855.7055.684.161.312.85
SingaporeSGX 214925142.9955.434.011.202.82
JapanTOKYO 148298287474055.8857.203.941.122.81
South KoreaKRX 2405126869652.7254.893.690.882.81
USOTC PINK 45092752136461.2649.384.982.192.79
TaiwanTWSE 169588349552.0956.063.600.862.74
IndonesiaIDX 2613750.0053.852.850.152.69
RussiaMICEX 35219811057.1054.733.861.222.64
ChinaSSE 40852002103649.0151.753.741.122.61
USAMEX 131577644259.1656.813.691.352.33
MexicoBMV 58032316355.6950.463.411.112.31
UKLSE 51673179175961.5455.313.441.192.24
CanadaTSX 3544184598752.0653.503.351.172.18
FrancePARIS 2328143276061.5153.073.311.222.09
BangladeshDSE 1971346168.0245.522.991.211.78
GermanyXETRA 43382846154665.6554.282.821.051.77
RussiaMICEX 49292359.1879.311.900.171.72
Saudi ArabiaTADAWUL 57830117152.0856.812.681.041.64
SwitzerlandSIX 132782947563.2356.622.601.021.58
NetherlandsAMSTERDAM 83154130165.1055.642.511.061.44
ItalyBORSA 35892192111461.0850.822.871.431.44
QatarQE 78462858.9760.872.200.781.41
MexicoBMV 28131146.4384.621.460.081.38
AustraliaASX 2414958.3364.291.360.071.29
Greece ATHENS 52371571.1540.542.351.111.24
Vietnam HOSE 248533.3362.501.380.251.13
PhilippinesPSE 2614953.8564.
ThailandSET 2717762.9641.
FOREXFOREX 2114766.6750.
IndiaNSE 2414958.3364.
BrazilBOVESPA 59936418061.9448.523.292.400.89
CanadaTSX 1916784.2143.751.000.190.81
PortugalLISBON 189650.0066.670.890.110.78
NetherlandsAMSTERDAM 189650.0066.670.890.110.78
ItalyBORSA 189650.0066.670.890.110.78
GermanyXETRA 189650.0066.670.890.110.78
FrancePARIS 189650.0066.670.890.110.78
SpainIBEX 189650.0066.670.890.110.78
Greece ATHENS 189650.0066.670.890.110.78
BelgiumBRUSSELS 189650.0066.670.890.110.78
Austria WIENERBORSE 189650.0066.670.890.110.78
ChileBCS 3413638.2446.151.080.310.77
Poland GPW 2816957.1456.
IsraelTASE 36191252.7863.160.890.160.74
BrazilBOVESPA 1715988.2460.001.130.400.73
UAEUAE 35171248.5770.590.760.120.65
MalaysiaBURSA 2614953.8564.290.930.290.64
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
UAEUAE 49211042.8647.622.522.290.24
PakistanKSE 205425.0080.
SingaporeSGX 1711564.7145.450.550.360.18
USFOREX 2211450.0036.360.270.180.09
SwitzerlandSIX 2110447.6240.
TurkeyBIST 4013732.5053.850.690.690.00
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 2114766.6750.000.931.57-0.64
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


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