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 32015910549.6966.0413.470.8912.58
JapanFUKUOKA 2410441.6740.0011.602.509.10
IndonesiaIDX 181715039.2370.429.751.138.62
JapanNAGOYA 58352660.3474.299.310.898.43
USPREFERRED 58433420957.1962.577.181.136.04
ArgentinaBUE 161896355.2870.797.151.116.03
ChileBCS 3014846.6757.146.860.935.93
Poland GPW 41623315256.0165.
Vietnam HNX 44231052.2743.486.831.435.39
JapanSAPPORO 43275.0066.677.001.675.33
EgyptEGX 66230617746.2257.846.641.375.27
ThailandSET 28214910052.8467.115.540.864.68
USWARRANTS 2011555.0045.4510.455.824.64
Vietnam HOSE 1891086357.1458.335.691.194.50
PhilippinesPSE 110613555.4557.385.521.034.49
Austria WIENERBORSE 137864762.7754.655.691.404.29
South KoreaKOSDAQ 1933105857854.7354.635.241.283.96
IsraelTASE 125961035148.5357.455.411.473.95
USNASDAQ 81464652265457.1756.995.431.493.94
IndiaNSE 2870142379749.5856.015.271.333.93
IndiaBSE 41982162121451.5556.105.251.463.79
ArgentinaBUE 138661.5475.003.750.133.63
MalaysiaBURSA 3411368239.8860.294.821.203.62
NorwayOSE 2661487055.6447.305.391.823.57
Hong KongHKEX 179092652251.7356.374.641.113.53
TaiwanGTSM 87141223747.3057.524.390.893.50
CanadaTSX-V 135884565.1951.146.673.343.33
BelgiumBRUSSELS 2201237055.9156.914.411.083.33
ChinaSZSE 47452355127549.6354.144.441.163.28
SpainIBEX 3051699555.4156.214.561.343.22
PakistanKSE 71732918645.8956.534.311.103.22
SingaporeSGX 204824440.2053.664.481.283.20
SwedenSTOCKHOLM 98654729455.4853.754.561.403.16
USNYSE 137828038458358.3457.004.341.203.14
CanadaCSE 85512162.3539.626.153.113.04
AustraliaASX 169893951455.3054.744.241.282.96
DenmarkCOPENHAGEN 199944847.2451.
UKLSE 27151155.5673.333.130.202.93
JapanTOKYO 137367577435055.1657.414.081.152.92
The World 114168637403587155.9456.
IndonesiaIDX 2412650.0050.
RussiaMICEX 3161749455.0654.024.081.372.71
South KoreaKRX 2237113562250.8354.713.540.902.65
USOTC PINK 42252516123860.0548.804.862.252.61
TaiwanTWSE 156379644350.9355.653.450.902.56
PortugalLISBON 72452762.5060.003.731.202.53
KuwaitKSE 33181254.5566.674.331.832.50
USAMEX 108563536058.5356.693.841.442.40
ChinaSSE 3578173787948.5550.603.371.142.23
MexicoBMV 50427413754.5649.823.251.042.20
CanadaTSX 3360172191351.2253.053.341.202.14
UKLSE 46622764148660.0653.073.331.222.10
FrancePARIS 2173132668861.0251.893.261.262.01
BangladeshDSE 1901295967.8945.743.211.221.99
SwitzerlandSIX 120374642562.0156.972.791.051.74
GermanyXETRA 38552506131465.2152.272.831.121.71
RussiaMICEX 43241955.8179.171.830.171.67
Saudi ArabiaTADAWUL 56329516752.4056.612.611.051.56
MexicoBMV 27121044.4483.331.500.081.42
ItalyBORSA 33672001101060.5949.512.861.461.40
Vietnam HOSE 215223.8140.001.800.401.40
AustraliaASX 2313956.5269.231.460.081.38
NetherlandsAMSTERDAM 79350027463.0554.802.501.131.36
IndiaNSE 1911957.8981.821.550.271.27
Greece ATHENS 46331471.7442.421.970.851.12
ThailandSET 2616761.5443.751.130.131.00
PortugalLISBON 147550.0071.431.140.141.00
BelgiumBRUSSELS 147550.0071.431.140.141.00
Austria WIENERBORSE 147550.0071.431.140.141.00
GermanyXETRA 147550.0071.431.140.141.00
FrancePARIS 147550.0071.431.140.141.00
SpainIBEX 147550.0071.431.140.141.00
Greece ATHENS 147550.0071.431.140.141.00
ItalyBORSA 147550.0071.431.140.141.00
NetherlandsAMSTERDAM 147550.0071.431.140.141.00
PhilippinesPSE 2314960.8764.
BrazilBOVESPA 46928814461.6249.833.702.750.96
FOREXFOREX 2114766.6750.
Poland GPW 2715955.5660.
CanadaTSX 1613581.2538.461.080.230.85
ChileBCS 3312636.3650.001.170.330.83
QatarQE 67432564.1858.141.630.840.79
IsraelTASE 35181251.4366.670.940.170.78
BrazilBOVESPA 1614887.5057.141.140.430.71
MalaysiaBURSA 2413854.1761.541.000.310.69
UAEUAE 33161148.4868.750.810.130.69
SwedenSTOCKHOLM 3020866.6740.000.800.300.50
ChinaSSE 3014546.6735.710.710.290.43
Hong KongHKEX 4218842.8644.440.670.280.39
PakistanKSE 173317.65100.000.330.000.33
South KoreaKOSDAQ 73242.8666.670.330.000.33
NorwayOSE 2919665.5231.580.790.470.32
DenmarkCOPENHAGEN 2214763.6450.000.430.140.29
SingaporeSGX 1510566.6750.000.600.400.20
USFOREX 2110347.6230.000.300.200.10
SwitzerlandSIX 2110447.6240.
TurkeyBIST 4013732.5053.850.690.690.00
BangladeshDSE 165131.2520.000.200.40-0.20
UAEUAE 4920940.8245.002.102.40-0.30
TaiwanGTSM 165231.2540.000.000.40-0.40
JapanTOKYO 2312452.1733.330.080.58-0.50
JordanASE 1912563.1641.670.581.58-1.00
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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