BEARISH THREE GAP UPS
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 selling decisions.
BEARISH THREE GAP UPS
Definition
This is a four day bearish reversal pattern. It consists of three consecutive days each gapping higher on the open. After Three Gap Ups the market becomes extremely overbought and ready for the reversal of the current uptrend.
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 up away from the first day’s body.
3. The last two days are white and their bodies must gap up from the bodies of the prior days.
Pattern Requirements and Flexibility
The first two days of the Bearish Three Gap Ups can be of any color but the last two days should be white. There must be upside body gaps between the candlesticks.
Trader’s Behavior
The market is overbought with three gaps up in a row and it is time for profit taking.
Sell/Stop Loss Levels
The confirmation level is defined as the midpoint of the last white body. Prices should cross below this level for confirmation.

The stop loss level is defined as the higher of the last two highs. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered.
Title
Pattern Performance in Stock Exchanges since 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 92493454.3568.0011.922.729.20
CanadaTSX-V 2161448666.6759.727.192.294.90
JapanSAPPORO 114336.3675.004.750.004.75
Vietnam HNX 37211456.7666.676.001.294.71
TurkeyBIST 122455634045.4261.155.691.014.68
Vietnam HOSE 2881368347.2261.035.531.344.19
USAMEX 42823114153.9761.045.381.453.93
IndiaBSE 53092698166450.8261.684.991.183.81
ArgentinaBUE 2601137043.8561.404.871.423.45
UAEUAE 40161240.0075.003.630.193.44
IndiaNSE 45532375140452.2359.044.481.123.36
JordanASE 74322143.2465.634.661.313.34
USOTC PINK 3354197799259.1550.005.201.903.31
SwedenSTOCKHOLM 101954832353.7858.944.180.933.26
JapanNAGOYA 56301753.5756.675.632.403.23
PakistanKSE 87843528349.5465.064.491.263.23
IndonesiaIDX 2551367553.3355.154.381.183.21
Poland GPW 33517310551.6460.694.090.953.14
IsraelTASE 74335321247.5160.064.021.162.87
MalaysiaBURSA 2971539151.5259.483.971.102.86
South KoreaKOSDAQ 157485848154.6455.934.531.742.79
NorwayOSE 2581487758.1451.334.031.412.61
JapanFUKUOKA 135538.46100.002.600.002.60
BangladeshDSE 49528117256.7761.213.781.192.59
EgyptEGX 54925815046.9958.143.981.432.55
Austria WIENERBORSE 85482856.4758.333.060.602.46
Hong KongHKEX 155980946151.8956.983.571.282.29
PhilippinesPSE 2081167655.7765.523.421.142.28
KuwaitKSE 53291554.7251.723.721.522.21
BelgiumBRUSSELS 2361317555.5157.252.730.642.09
USNASDAQ 76553860193750.4850.133.201.172.03
ChinaSZSE 124060329248.6348.423.511.482.03
TaiwanGTSM 100855532055.0657.663.411.431.98
JapanTOKYO 89104710251152.8753.303.051.161.89
The World 95016495972495852.2450.292.901.081.82
South KoreaKRX 1909103153554.0151.893.131.331.80
SpainIBEX 2991569052.1757.692.620.871.76
ThailandSET 2291156150.2253.042.981.231.75
QatarQE 43221251.1654.552.090.451.64
CanadaTSX 2485131565252.9249.582.580.951.63
RussiaMICEX 3391798953.6948.902.380.791.59
TaiwanTWSE 171290545652.8650.392.631.151.47
UKLSE 125341.6760.001.800.401.40
BrazilBOVESPA 74538918652.2147.812.691.331.37
MexicoBMV 34171250.0070.591.590.241.35
DenmarkCOPENHAGEN 1821035456.5952.432.130.781.35
ItalyBORSA 2609145767855.8546.532.371.031.33
PhilippinesPSE 169556.2555.561.560.221.33
ChinaSSE 100252825252.6947.732.671.361.30
FrancePARIS 1987107751454.2047.732.140.861.29
MexicoBMV 45324811654.7546.772.561.401.16
AustraliaASX 135778535057.9244.532.561.441.11
SingaporeSGX 140763754.2948.682.161.081.08
SwitzerlandSIX 98151922852.9143.931.750.691.06
South KoreaKOSDAQ 52140.0050.001.000.001.00
BangladeshDSE 111100.00100.001.000.001.00
DenmarkCOPENHAGEN 169556.2555.561.330.331.00
ChileBCS 32166.6750.001.000.001.00
NetherlandsAMSTERDAM 80045720157.1343.981.740.750.99
PortugalLISBON 59301250.8540.001.730.830.90
Saudi ArabiaTADAWUL 48625712752.8849.422.141.280.86
GermanyXETRA 3392195184757.6743.301.680.830.85
USNYSE 141617207314750.9143.651.760.930.83
IndiaNSE 1810655.5660.001.000.200.80
ChinaSSE 125341.6760.001.000.200.80
NorwayOSE 158553.3362.500.880.130.75
SingaporeSGX 114336.3675.000.750.000.75
TurkeyBIST 268530.7762.501.130.380.75
UKLSE 3715198283453.4142.041.730.990.74
TaiwanGTSM 107370.0042.861.000.290.71
USPREFERRED 46322810849.2447.371.080.390.69
ArgentinaBUE 49171234.6970.590.760.120.65
ThailandSET 125341.6760.000.600.000.60
MalaysiaBURSA 219342.8633.330.560.000.56
RussiaMICEX 42150.0050.001.000.500.50
CanadaTSX 118372.7337.500.750.250.50
IsraelTASE 443100.0075.000.500.000.50
JapanTOKYO 135138.4620.000.400.000.40
ChileBCS 178447.0650.000.630.250.38
PortugalLISBON 63350.00100.000.330.000.33
NetherlandsAMSTERDAM 63350.00100.000.330.000.33
ItalyBORSA 63350.00100.000.330.000.33
BelgiumBRUSSELS 63350.00100.000.330.000.33
Austria WIENERBORSE 63350.00100.000.330.000.33
Hong KongHKEX 43375.00100.000.330.000.33
Greece ATHENS 63350.00100.000.330.000.33
FrancePARIS 63350.00100.000.330.000.33
SpainIBEX 63350.00100.000.330.000.33
GermanyXETRA 63350.00100.000.330.000.33
UAEUAE 2110547.6250.000.700.400.30
SwedenSTOCKHOLM 158553.3362.500.250.000.25
BrazilBOVESPA 188444.4450.000.750.500.25
AustraliaASX 108580.0062.500.380.250.13
Poland GPW 149564.2955.560.670.560.11
OmanMSM 116154.5516.672.832.830.00
Greece ATHENS 46271258.7044.441.521.520.00
FOREXFOREX 205125.0020.000.400.400.00
PakistanKSE 104140.0025.000.250.250.00
Vietnam HOSE 168150.0012.500.130.25-0.13
IndonesiaIDX 2010450.0040.000.200.40-0.20
USFOREX 108480.0050.000.130.38-0.25
SwitzerlandSIX 42050.000.000.000.50-0.50
USWARRANTS 41025.000.000.002.00-2.00
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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