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 1/1/2017
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
JapanFUKUOKA 2111552.3845.4510.451.099.36
JapanNAGOYA 67352652.2474.298.170.697.49
IndonesiaIDX 182886648.3575.006.840.576.27
ArgentinaBUE 122624150.8266.136.841.195.65
JapanSAPPORO 43275.0066.677.001.675.33
TurkeyBIST 2571378153.3159.126.310.995.32
NorwayOSE 2421468560.3358.226.021.015.01
South KoreaKOSDAQ 1983114469457.6960.665.711.214.50
ChinaSZSE 42652293133153.7658.055.561.214.35
IsraelTASE 80941623951.4257.455.270.944.33
PakistanKSE 70434720649.2959.375.150.974.18
TaiwanGTSM 85241024348.1259.274.940.804.15
Hong KongHKEX 2121112264352.9957.215.311.294.03
IndiaBSE 41812257128853.9857.075.201.383.82
Vietnam HNX 56271248.2144.445.591.783.81
BrazilBOVESPA 34719911657.3558.294.760.943.81
ThailandSET 2621469755.7366.444.510.753.76
Vietnam HOSE 1721025459.3052.944.941.253.70
IndiaNSE 2915151686652.0157.124.821.183.64
ArgentinaBUE 128666.6775.003.750.133.63
EgyptEGX 71632317845.1155.114.901.403.50
CanadaCSE 61361862.3047.376.342.873.47
SpainIBEX 34119712257.7761.934.310.913.40
QatarQE 83493059.0461.224.140.763.39
ChinaSSE 34011819101953.4856.024.481.173.31
BelgiumBRUSSELS 2351429060.4363.383.920.633.29
Poland GPW 34619111655.2060.734.221.183.04
MalaysiaBURSA 2531216847.8356.204.121.093.02
BangladeshDSE 1791145763.6950.004.011.102.91
CanadaTSX-V 115703860.8754.295.732.902.83
USNASDAQ 82584358239952.7955.044.051.242.80
PhilippinesPSE 106582954.7250.004.001.282.72
DenmarkCOPENHAGEN 185986052.9761.223.370.652.71
JapanTOKYO 153228354478154.5257.233.651.092.56
MexicoBMV 46222611748.9251.773.430.882.54
SingaporeSGX 195854843.5956.473.320.812.51
The World 110833610173445855.0856.443.541.032.50
Greece ATHENS 42311473.8145.163.551.062.48
UAEUAE 37201354.0565.003.400.952.45
PortugalLISBON 87543562.0764.813.461.022.44
RussiaMICEX 2321357358.1954.073.380.982.40
USPREFERRED 47426316255.4961.602.740.352.40
South KoreaKRX 2431130971853.8554.853.310.922.39
USWARRANTS 116454.5566.673.831.502.33
Austria WIENERBORSE 104694166.3559.423.321.032.29
AustraliaASX 137986148862.4456.683.230.952.28
CanadaTSX 36631842101450.2955.053.100.852.25
USOTC PINK 43102520119758.8447.204.201.972.23
KuwaitKSE 28171260.7170.593.881.712.18
TaiwanTWSE 151476140350.2652.962.950.882.08
USAMEX 110059633954.1856.883.261.202.06
SwedenSTOCKHOLM 91254129659.3254.713.021.041.99
USNYSE 154848033437251.8854.432.931.001.93
IndonesiaIDX 1910552.6350.002.100.201.90
Saudi ArabiaTADAWUL 80738121047.2155.122.811.081.72
RussiaMICEX 35191554.2978.951.840.161.68
MexicoBMV 24111045.8390.911.640.001.64
ItalyBORSA 34922102111660.1953.092.641.011.63
IndiaNSE 1810955.5690.001.700.101.60
UKLSE 2112857.1466.671.750.251.50
UKLSE 47442826155159.6354.832.450.961.49
NetherlandsAMSTERDAM 81551530563.1959.222.120.691.43
Vietnam HOSE 195226.3240.001.800.401.40
AustraliaASX 2011855.0072.731.450.091.36
GermanyXETRA 40102560140363.9954.682.070.801.27
FrancePARIS 2410142277859.0054.712.180.911.27
SwitzerlandSIX 121477544663.8457.551.860.641.22
PhilippinesPSE 2011755.0063.641.180.001.18
NetherlandsAMSTERDAM 126450.0066.671.330.171.17
ItalyBORSA 126450.0066.671.330.171.17
BelgiumBRUSSELS 126450.0066.671.330.171.17
Austria WIENERBORSE 126450.0066.671.330.171.17
FrancePARIS 126450.0066.671.330.171.17
Greece ATHENS 126450.0066.671.330.171.17
SpainIBEX 126450.0066.671.330.171.17
GermanyXETRA 126450.0066.671.330.171.17
PortugalLISBON 126450.0066.671.330.171.17
BrazilBOVESPA 1311884.6272.731.450.361.09
ThailandSET 2316769.5743.751.130.131.00
IsraelTASE 30151150.0073.331.000.070.93
FOREXFOREX 2114766.6750.001.140.210.93
MalaysiaBURSA 2312852.1766.671.080.170.92
ChileBCS 3110532.2650.001.300.400.90
Poland GPW 2515960.0060.001.070.200.87
UAEUAE 33161148.4868.750.810.130.69
SwedenSTOCKHOLM 2517768.0041.180.820.290.53
ChinaSSE 2813446.4330.770.770.310.46
DenmarkCOPENHAGEN 1613781.2553.850.460.080.38
PakistanKSE 163318.75100.000.330.000.33
JordanASE 2519976.0047.371.531.260.26
SingaporeSGX 138561.5462.500.500.250.25
CanadaTSX 1512480.0033.330.500.250.25
NorwayOSE 2517568.0029.410.650.530.12
USFOREX 2010350.0030.000.300.200.10
SwitzerlandSIX 2010450.0040.000.200.200.00
South KoreaKOSDAQ 41125.00100.000.000.000.00
TurkeyBIST 4013732.5053.850.690.690.00
Hong KongHKEX 3716643.2437.500.250.31-0.06
BangladeshDSE 135138.4620.000.200.40-0.20
TaiwanGTSM 154226.6750.000.000.50-0.50
JapanTOKYO 199347.3733.330.110.78-0.67
ChileBCS 53160.0033.330.671.67-1.00
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.

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