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 1/1/2020
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
RussiaMICEX 57362963.1680.565.580.195.39
JapanSAPPORO 43275.0066.677.001.675.33
ArgentinaBUE 159760.0077.783.560.113.44
UKLSE 30171156.6764.712.760.242.53
ChileBCS 3917943.5952.942.590.292.29
IndonesiaIDX 3016753.3343.752.310.252.06
MexicoBMV 33151245.4580.001.800.071.73
Vietnam HOSE 3113941.9469.231.460.151.31
AustraliaASX 25151060.0066.671.270.071.20
PhilippinesPSE 28161057.1462.501.060.001.06
ThailandSET 2717762.9641.181.060.120.94
BangladeshDSE 217233.3328.571.140.290.86
IndiaNSE 2716959.2656.251.060.250.81
Greece ATHENS 199647.3766.670.890.110.78
CanadaTSX 2217877.2747.060.940.180.76
IsraelTASE 38211355.2661.900.860.140.71
MalaysiaBURSA 31171154.8464.710.940.240.71
UAEUAE 39201351.2865.000.800.150.65
Poland GPW 33201160.6155.000.850.250.60
NetherlandsAMSTERDAM 2010650.0060.000.800.200.60
PortugalLISBON 2010650.0060.000.800.200.60
GermanyXETRA 2010650.0060.000.800.200.60
SpainIBEX 2010650.0060.000.800.200.60
FrancePARIS 2010650.0060.000.800.200.60
Austria WIENERBORSE 2010650.0060.000.800.200.60
BrazilBOVESPA 25201180.0055.001.050.450.60
BelgiumBRUSSELS 2010650.0060.000.800.200.60
ItalyBORSA 2010650.0060.000.800.200.60
NorwayOSE 3521760.0033.330.950.480.48
SwedenSTOCKHOLM 3824963.1637.500.710.250.46
EgyptEGX 6403348.280.970.300.000.30
DenmarkCOPENHAGEN 2314760.8750.000.430.140.29
Hong KongHKEX 5222942.3140.910.550.270.27
FOREXFOREX 2616761.5443.750.560.310.25
ChinaSSE 3917743.5941.180.590.350.24
SingaporeSGX 2213659.0946.150.540.310.23
South KoreaKOSDAQ 115345.4560.000.200.000.20
DenmarkCOPENHAGEN 2463248.371.680.250.050.20
USFOREX 2311447.8336.360.270.180.09
Vietnam HOSE 4082250.980.960.070.000.07
TurkeyBIST 4314832.5657.140.710.640.07
The World 155287146985854.761.010.060.010.05
RussiaMICEX 3121153.850.600.030.000.03
Hong KongHKEX 23283352.710.240.030.000.03
TaiwanGTSM 12561152.950.150.010.000.01
FrancePARIS 28134352.260.200.010.000.01
AustraliaASX 24976455.910.290.010.010.01
SwedenSTOCKHOLM 11191151.740.170.000.000.00
South KoreaKOSDAQ 34302152.160.060.000.000.00
ChinaSSE 60182251.400.060.000.000.00
GermanyXETRA 69801154.860.030.000.000.00
JapanTOKYO 161743255.520.020.000.000.00
USWARRANTS 920052.170.000.000.000.00
USPREFERRED 10000051.600.000.000.000.00
USOTC PINK 47480059.350.000.000.000.00
TaiwanTWSE 23292154.870.080.000.000.00
PakistanKSE 7060045.180.000.000.000.00
UKLSE 71870059.500.000.000.000.00
Vietnam HNX 670044.780.000.000.000.00
USNYSE 217385257.790.020.000.000.00
USNASDAQ 134790055.120.000.000.000.00
Poland GPW 5180057.720.000.000.000.00
NorwayOSE 3550055.210.000.000.000.00
ThailandSET 3090049.510.000.000.000.00
TurkeyBIST 4350049.430.000.000.000.00
SingaporeSGX 2340041.880.000.000.000.00
SwitzerlandSIX 16580058.440.000.000.000.00
SwitzerlandSIX 2612546.1541.670.330.330.00
BrazilBOVESPA 12110055.900.000.000.000.00
CanadaCSE 1410055.320.000.000.000.00
CanadaTSX-V 2440061.890.000.000.000.00
BangladeshDSE 2080058.650.000.000.000.00
BelgiumBRUSSELS 2400052.920.000.000.000.00
Austria WIENERBORSE 3030061.720.000.000.000.00
ArgentinaBUE 3440062.790.000.000.000.00
Greece ATHENS 660065.150.000.000.000.00
SpainIBEX 2910055.330.000.000.000.00
ChinaSZSE 73870051.050.000.000.000.00
ChileBCS 820047.560.000.000.000.00
MalaysiaBURSA 3980045.980.000.000.000.00
MexicoBMV 8130056.330.000.000.000.00
NetherlandsAMSTERDAM 11750054.210.000.000.000.00
UAEUAE 530035.850.000.000.000.00
Saudi ArabiaTADAWUL 5720047.030.000.000.000.00
QatarQE 800051.250.000.000.000.00
KuwaitKSE 680057.350.000.000.000.00
JordanASE 280067.860.000.000.000.00
IndonesiaIDX 3080040.580.000.000.000.00
IndiaBSE 44280050.720.000.000.000.00
JapanNAGOYA 540062.960.000.000.000.00
IndiaNSE 31642149.020.060.000.000.00
IsraelTASE 17812150.980.110.000.000.00
South KoreaKRX 33382149.880.060.000.000.00
CanadaTSX 45782051.400.000.000.000.00
USAMEX 25221060.900.000.000.000.00
ItalyBORSA 46752057.560.000.000.01-0.01
JapanFUKUOKA 291031.030.000.000.04-0.04
PhilippinesPSE 1341049.250.000.000.18-0.18
TaiwanGTSM 207235.0028.570.000.29-0.29
PakistanKSE 227431.8257.140.140.43-0.29
JapanTOKYO 2413554.1738.460.230.54-0.31
PortugalLISBON 574254.396.450.100.46-0.36
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.

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.