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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
USOTCBB 21150.00100.0018.000.0018.00
RussiaMICEX 57362963.1680.565.690.195.50
JapanSAPPORO 43275.0066.677.001.675.33
ArgentinaBUE 159760.0077.783.560.113.44
ChileBCS 40181045.0055.562.670.282.39
UKLSE 33191157.5857.892.470.212.26
IndonesiaIDX 3320960.6145.002.350.302.05
MexicoBMV 41191446.3473.681.840.211.63
Vietnam HOSE 3113941.9469.231.460.151.31
AustraliaASX 25151060.0066.671.270.071.20
ThailandSET 2717762.9641.
PhilippinesPSE 31171054.8458.820.940.000.94
BangladeshDSE 227231.8228.571.140.290.86
IndiaNSE 28171060.7158.821.060.240.82
NetherlandsAMSTERDAM 2110747.6270.000.900.100.80
PortugalLISBON 2110747.6270.000.900.100.80
FrancePARIS 2210745.4570.000.900.100.80
SpainIBEX 2210745.4570.000.900.100.80
GermanyXETRA 2210745.4570.000.900.100.80
BelgiumBRUSSELS 2110747.6270.000.900.100.80
Austria WIENERBORSE 2210745.4570.000.900.100.80
ItalyBORSA 2210745.4570.000.900.100.80
Greece ATHENS 199647.3766.670.890.110.78
IsraelTASE 39221456.4163.640.910.140.77
CanadaTSX 2217877.2747.060.940.180.76
MalaysiaBURSA 32171153.1364.710.940.240.71
UAEUAE 39201351.2865.000.800.150.65
Poland GPW 34201158.8255.000.850.250.60
BrazilBOVESPA 25201180.0055.001.050.450.60
SwedenSTOCKHOLM 3824963.1637.500.710.250.46
NorwayOSE 3722759.4631.820.910.500.41
EgyptEGX 6453348.220.960.290.000.29
DenmarkCOPENHAGEN 2514756.0050.000.430.140.29
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
DenmarkCOPENHAGEN 2523248.811.630.240.050.19
South KoreaKOSDAQ 126350.0050.
USFOREX 2514556.0035.710.360.210.14
TurkeyBIST 4414831.8257.140.710.640.07
Vietnam HOSE 4202250.950.930.070.000.07
The World 164916148987354.970.960.060.010.04
RussiaMICEX 3261154.600.560.030.000.03
Hong KongHKEX 25423352.600.
TaiwanGTSM 13561153.320.
FrancePARIS 29284352.630.
AustraliaASX 26426456.400.
SwedenSTOCKHOLM 12261151.310.
South KoreaKOSDAQ 37703252.940.
ChinaSSE 67212250.810.
GermanyXETRA 74471155.740.
JapanTOKYO 171023256.350.
USPREFERRED 10000051.600.
USOTC PINK 51290059.
TaiwanTWSE 24592154.780.
PakistanKSE 7280045.470.
UKLSE 76610060.
Vietnam HNX 670044.780.
USNYSE 231165257.720.
USNASDAQ 145330055.
Poland GPW 5460057.690.
NorwayOSE 3810056.430.
ThailandSET 3300050.
TurkeyBIST 4820049.790.
SingaporeSGX 2420041.320.
SwitzerlandSIX 17350059.
SwitzerlandSIX 2612546.1541.670.330.330.00
BrazilBOVESPA 13090056.
CanadaCSE 1440055.560.
CanadaTSX-V 2330062.
BangladeshDSE 2090058.850.
BelgiumBRUSSELS 2520052.380.
ArgentinaBUE 3710063.
Greece ATHENS 680063.
SpainIBEX 2960054.730.
ChinaSZSE 81190050.630.
ChileBCS 830046.990.
MalaysiaBURSA 4190047.
MexicoBMV 8480057.
NetherlandsAMSTERDAM 12380056.700.
UAEUAE 550038.
Saudi ArabiaTADAWUL 5950048.
QatarQE 870052.870.
KuwaitKSE 690056.520.
JordanASE 300070.
IndonesiaIDX 3330041.
IndiaBSE 46630051.490.
JapanNAGOYA 560060.710.
IndiaNSE 32502149.600.
South KoreaKRX 35792150.
IsraelTASE 18193150.580.
CanadaTSX 48192051.790.
USAMEX 26951061.
ItalyBORSA 49962058.330.000.000.01-0.01
Austria WIENERBORSE 4041058.660.000.000.01-0.01
JapanFUKUOKA 301033.330.000.000.04-0.04
PhilippinesPSE 1421049.300.000.000.17-0.17
TaiwanGTSM 207235.0028.570.000.29-0.29
JapanTOKYO 2413554.1738.460.230.54-0.31
PortugalLISBON 614255.745.880.090.42-0.32
PakistanKSE 238434.7850.000.130.63-0.50
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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