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.
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.
Pattern Performance in Stock Exchanges since 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 97533855.6770.3712.312.699.63
JapanFUKUOKA 146642.86100.007.330.007.33
Vietnam HNX 39231658.9769.576.351.175.17
CanadaTSX-V 2231499166.8261.
TurkeyBIST 134359837344.5362.375.891.014.88
JapanSAPPORO 114336.3675.004.750.004.75
Vietnam HOSE 3021458848.0160.695.521.414.11
IndiaBSE 57362892176850.4261.134.881.193.69
UAEUAE 51201539.2275.003.850.303.55
USAMEX 45224214753.5460.745.492.073.42
JordanASE 76332243.4266.674.641.273.36
USOTC PINK 35792116104459.2349.255.111.803.31
ArgentinaBUE 2671187244.1961.024.711.493.22
PakistanKSE 88243828549.6665.074.451.243.20
IndiaNSE 49362575149852.2358.114.341.153.19
SwedenSTOCKHOLM 115960736152.3759.474.130.963.17
JapanNAGOYA 57311754.3954.845.452.353.10
Poland GPW 34617710751.1660.454.020.973.05
IndonesiaIDX 2671447953.9354.864.241.262.97
MalaysiaBURSA 3161649951.9060.373.991.092.90
IsraelTASE 79537622547.3059.844.061.172.89
BangladeshDSE 51029118057.0661.863.891.172.73
South KoreaKOSDAQ 164890050254.7355.654.391.732.66
EgyptEGX 55826415347.3157.953.981.412.58
NorwayOSE 2781608357.5551.884.031.502.53
ThailandSET 2381226551.2653.283.491.182.31
PhilippinesPSE 2131207856.3465.003.391.102.29
Hong KongHKEX 169787249451.3856.653.561.282.28
BelgiumBRUSSELS 2541398354.7259.712.870.632.24
USNASDAQ 82754202209850.7849.933.191.201.99
Austria WIENERBORSE 119633452.9453.972.680.751.94
KuwaitKSE 63351755.5648.573.401.491.91
JapanTOKYO 93704983265453.1853.
TaiwanGTSM 110259933454.3655.763.291.441.85
SingaporeSGX 116554.5583.331.830.001.83
South KoreaKRX 2058111358554.0852.563.111.291.81
SpainIBEX 3231629450.1558.022.640.851.79
The World 102643535732676752.2149.952.851.081.77
ChinaSZSE 152176537250.3048.633.301.621.68
RussiaMICEX 3551889553.8049.742.450.761.68
MexicoBMV 35181351.4372.221.890.221.67
QatarQE 45221248.8954.552.090.451.64
CanadaTSX 2662141870253.2749.512.520.941.59
BrazilBOVESPA 77240420252.3350.002.771.291.48
TaiwanTWSE 182995448452.1650.732.581.131.45
UKLSE 125341.6760.001.800.401.40
PhilippinesPSE 169556.2555.561.560.221.33
DenmarkCOPENHAGEN 2131166254.4653.452.090.781.30
ItalyBORSA 2909162673755.9045.332.230.981.25
ChinaSSE 119863430152.9247.482.601.391.21
FrancePARIS 2261120356653.2147.052.040.831.21
AustraliaASX 147385138657.8445.312.631.431.20
PortugalLISBON 65331350.7739.391.970.791.18
SwitzerlandSIX 106856525152.9044.421.810.661.15
MexicoBMV 46825912155.3446.722.521.451.07
BangladeshDSE 111100.00100.
DenmarkCOPENHAGEN 169556.2555.561.330.331.00
ChileBCS 42150.0050.
South KoreaKOSDAQ 52140.0050.
SingaporeSGX 165823849.7046.342.021.070.95
NetherlandsAMSTERDAM 91451322656.1344.051.660.740.92
Saudi ArabiaTADAWUL 50326513052.6849.
ArgentinaBUE 49181336.7372.220.940.110.83
UKLSE 3984211790053.1442.511.770.960.81
ChinaSSE 125341.6760.
GermanyXETRA 3934222394856.5342.631.600.810.78
USNYSE 152177774333651.0942.911.720.940.78
NorwayOSE 158553.3362.500.880.130.75
TurkeyBIST 268530.7762.501.130.380.75
IndiaNSE 1811661.1154.550.910.180.73
TaiwanGTSM 107370.0042.861.000.290.71
ThailandSET 126450.0066.670.670.000.67
USPREFERRED 49024711350.4145.750.970.370.60
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
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
Hong KongHKEX 444100.00100.
BrazilBOVESPA 188344.4437.500.750.500.25
AustraliaASX 108580.0062.500.380.250.13
Poland GPW 149564.2955.560.670.560.11
Greece ATHENS 51281354.9046.431.541.460.07
PakistanKSE 104140.0025.
FOREXFOREX 205125.0020.000.400.400.00
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
OmanMSM 127158.3314.292.432.71-0.29
USWARRANTS 52140.0050.000.501.00-0.50
SwitzerlandSIX 42050.
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© family websites


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