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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
TurkeyBIST 57241342.1154.175.630.335.29
JapanSAPPORO 114336.3675.004.750.004.75
PhilippinesPSE 2112857.1466.672.420.172.25
Greece ATHENS 168650.0075.
PortugalLISBON 178647.0675.
IsraelTASE 1510866.6780.001.600.001.60
NetherlandsAMSTERDAM 189650.0066.671.780.221.56
BelgiumBRUSSELS 189650.0066.671.780.221.56
Austria WIENERBORSE 189650.0066.671.780.221.56
FrancePARIS 189650.0066.671.780.221.56
SpainIBEX 189650.0066.671.780.221.56
GermanyXETRA 189650.0066.671.780.221.56
ItalyBORSA 189650.0066.671.780.221.56
OmanMSM 249341.6730.002.701.201.50
TaiwanGTSM 1511573.3345.451.640.181.45
PakistanKSE 30171156.6764.711.410.121.29
SingaporeSGX 159660.0066.671.220.001.22
MexicoBMV 58312053.4564.521.480.451.03
JapanFUKUOKA 202155.
NorwayOSE 2313756.5253.850.920.080.85
DenmarkCOPENHAGEN 31191261.2963.
CanadaTSX 2413654.1746.
UKLSE 2112757.1458.331.170.500.67
ChileBCS 2212754.5558.330.920.250.67
SwedenSTOCKHOLM 28171060.7158.820.710.060.65
RussiaMICEX 147450.0057.140.860.290.57
ArgentinaBUE 69241534.7862.500.790.250.54
MalaysiaBURSA 31171054.8458.820.530.000.53
IndiaNSE 32191159.3857.890.740.320.42
BrazilBOVESPA 3217653.1335.290.820.410.41
Poland GPW 2313956.5269.230.770.380.38
ChinaSSE 2513852.0061.540.690.310.38
South KoreaKOSDAQ 73142.8633.330.670.330.33
UAEUAE 3115748.3946.670.730.400.33
IndonesiaIDX 3619952.7847.370.580.260.32
FOREXFOREX 3713435.1430.771.080.770.31
JapanTOKYO 2713648.1546.150.460.150.31
AustraliaASX 1610762.5070.000.500.200.30
BangladeshDSE 157446.6757.140.570.290.29
ThailandSET 2911737.9363.640.450.180.27
ThailandSET 6681148.200.310.150.000.15
PortugalLISBON 1094244.
DenmarkCOPENHAGEN 6265455.911.
Vietnam HOSE 3118858.0644.440.280.220.06
NorwayOSE 9272253.070.410.050.000.05
Vietnam HOSE 8162251.590.480.040.000.04
BangladeshDSE 8861153.
The World 2389791828106853.020.840.040.010.03
KuwaitKSE 2634352.852.
EgyptEGX 12745244.510.350.040.020.02
USAMEX 30042258.490.
South KoreaKOSDAQ 37062252.430.
Poland GPW 9572253.500.390.010.000.01
SwedenSTOCKHOLM 27982151.430.
IsraelTASE 20863350.860.
South KoreaKRX 47462151.980.
USNASDAQ 172274453.
FrancePARIS 49017555.520.
IndiaNSE 97137451.
TaiwanGTSM 27572151.
AustraliaASX 34255458.
RussiaMICEX 9991152.650.
ItalyBORSA 81143154.660.
Hong KongHKEX 30012155.580.
JapanTOKYO 171433356.
IndiaBSE 103123149.540.
Vietnam HNX 1350045.930.
USWARRANTS 620067.740.
TurkeyBIST 45720041.710.
SingaporeSGX 3400050.590.
UKLSE 99170058.
USOTC PINK 57340059.730.
PhilippinesPSE 4000056.
ChileBCS 2300048.700.
CanadaCSE 2490053.
CanadaTSX-V 4890061.550.
ChinaSZSE 59550052.
ChinaSSE 47990053.800.
SpainIBEX 5230052.770.
Greece ATHENS 1460056.850.
SwitzerlandSIX 26330055.
SwitzerlandSIX 64266.6750.
CanadaTSX 60600052.
BrazilBOVESPA 23420048.
BelgiumBRUSSELS 4250055.
ArgentinaBUE 14690043.570.
UAEUAE 1100046.360.
Saudi ArabiaTADAWUL 13550048.560.
QatarQE 1480052.
MalaysiaBURSA 8290052.710.
MexicoBMV 11860058.600.
JordanASE 800051.
JapanNAGOYA 520048.
IndonesiaIDX 7650049.800.
TaiwanTWSE 51202152.990.
USNYSE 299454154.
NetherlandsAMSTERDAM 22403058.
GermanyXETRA 121461057.
PakistanKSE 11911053.650.000.000.01-0.01
Austria WIENERBORSE 6441054.970.000.000.01-0.01
USFOREX 2414658.3342.860.140.43-0.29
Hong KongHKEX 1412685.7150.000.080.42-0.33
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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