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 147450.0057.1416.710.8615.86
JapanNAGOYA 51292356.8679.319.280.418.86
Vietnam HNX 3318854.5544.447.781.676.11
JapanSAPPORO 43275.0066.677.001.675.33
IndonesiaIDX 65282043.0871.435.930.715.21
CanadaCSE 41251160.9844.
TurkeyBIST 184935250.5455.915.901.094.82
NorwayOSE 159985161.6452.045.621.164.46
ThailandSET 166986759.0468.374.840.694.14
PhilippinesPSE 67412361.1956.
IndiaBSE 2934157193653.5459.585.201.223.98
South KoreaKOSDAQ 116165637756.5957.384.811.083.74
Poland GPW 2321257653.8860.804.901.183.72
IsraelTASE 58429316950.1757.684.690.973.72
IndiaNSE 190399057352.0257.884.771.113.66
ArgentinaBUE 128666.6775.003.750.133.63
SpainIBEX 2051157056.1060.874.550.953.60
PakistanKSE 54726115147.7157.854.591.003.59
BelgiumBRUSSELS 129754858.1464.004.330.753.59
ChinaSZSE 3018152482650.5054.204.781.233.55
ArgentinaBUE 91503356.0464.714.651.183.47
KuwaitKSE 23131056.5276.924.310.853.46
BrazilBOVESPA 2251388161.3358.704.270.823.45
Vietnam HOSE 124694055.6557.974.681.293.39
TaiwanGTSM 44421312647.9759.154.180.833.35
EgyptEGX 4151769242.4152.274.611.473.14
USNASDAQ 52432849154354.4254.084.441.313.13
JapanTOKYO 92194952292453.7259.054.110.993.12
MexicoBMV 3361728451.1948.843.420.862.56
AustraliaASX 90555932061.7757.253.500.982.52
The World 67619377042079155.7855.123.541.062.48
BangladeshDSE 102713169.6143.663.631.202.44
South KoreaKRX 153282645653.9255.213.260.852.41
USOTC PINK 2554158977362.2948.594.342.032.32
Hong KongHKEX 106157930554.6752.593.401.182.22
USAMEX 62836320857.8057.303.331.152.18
USNYSE 92465109279155.2754.623.120.962.16
MalaysiaBURSA 168814648.2156.793.171.042.14
RussiaMICEX 1961155858.6750.433.161.032.12
MexicoBMV 209945.00100.
Saudi ArabiaTADAWUL 44122412850.7957.142.750.801.95
PortugalLISBON 53331962.2657.582.941.001.94
IndonesiaIDX 1610562.5050.
CanadaTSX 2080110859653.2753.792.770.891.89
SwedenSTOCKHOLM 59234118157.6053.082.991.101.88
RussiaMICEX 32171453.1382.352.000.121.88
DenmarkCOPENHAGEN 114583150.8853.452.831.001.83
ChinaSSE 2308117155550.7447.403.061.251.81
CanadaTSX-V 95572860.0049.125.263.461.81
IndiaNSE 159860.0088.891.890.111.78
UKLSE 1910752.6370.001.900.201.70
Austria WIENERBORSE 63432568.2558.143.021.371.65
USPREFERRED 38921012353.9858.572.010.391.63
ItalyBORSA 2194133167660.6750.792.801.181.62
NetherlandsAMSTERDAM 48129718161.7560.942.270.651.61
SingaporeSGX 81441854.3240.912.701.161.55
USWARRANTS 116454.5566.672.170.671.50
UKLSE 2852176093261.7152.952.531.081.45
Vietnam HOSE 195226.3240.001.800.401.40
SwitzerlandSIX 78050128664.2357.092.050.721.34
UAEUAE 2612746.1558.332.581.251.33
PhilippinesPSE 1810655.5660.001.300.001.30
AustraliaASX 1810755.5670.001.400.101.30
SpainIBEX 126450.0066.671.330.171.17
Greece ATHENS 126450.0066.671.330.171.17
ItalyBORSA 126450.0066.671.330.171.17
NetherlandsAMSTERDAM 126450.0066.671.330.171.17
FrancePARIS 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
PortugalLISBON 126450.0066.671.330.171.17
FrancePARIS 139983842659.9050.842.201.091.11
GermanyXETRA 2246146875265.3651.232.040.941.10
MalaysiaBURSA 2210745.4570.001.300.201.10
BrazilBOVESPA 1311884.6272.731.450.361.09
ThailandSET 2215668.1840.
QatarQE 45301766.6756.671.770.771.00
ChileBCS 299531.0355.561.440.441.00
TaiwanTWSE 92247722551.7447.171.971.000.97
FOREXFOREX 2114766.6750.
Poland GPW 2515960.0060.
IsraelTASE 28141050.0071.430.930.070.86
UAEUAE 32151046.8866.670.870.130.73
SwedenSTOCKHOLM 2214663.6442.861.000.290.71
ChinaSSE 2411345.8327.270.820.360.45
DenmarkCOPENHAGEN 1613781.2553.850.460.080.38
PakistanKSE 163318.75100.000.330.000.33
NorwayOSE 2214563.6435.710.790.500.29
CanadaTSX 1412485.7133.330.500.250.25
SingaporeSGX 116354.5550.000.500.330.17
South KoreaKOSDAQ 3000.
ChileBCS 1000.
SwitzerlandSIX 2010450.0040.
Hong KongHKEX 3716643.2437.500.250.31-0.06
Greece ATHENS 3223871.8834.781.091.17-0.09
TurkeyBIST 3711529.7345.450.730.82-0.09
BangladeshDSE 135138.4620.000.200.40-0.20
USFOREX 199247.3722.220.000.22-0.22
TaiwanGTSM 143121.4333.330.000.67-0.67
JapanTOKYO 158253.3325.000.000.88-0.88
OmanMSM 74057.
JordanASE 127258.3328.570.142.29-2.14
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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