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 91543760.4467.2711.152.968.18
JapanFUKUOKA 167643.7585.716.290.146.14
CanadaTSX-V 2341519865.8163.647.842.055.79
Vietnam HNX 38241863.1675.006.250.885.38
TurkeyBIST 148064840743.7862.815.991.014.98
JapanSAPPORO 114336.3675.004.750.004.75
JordanASE 80342342.5067.655.471.244.24
Vietnam HOSE 3101509348.3962.005.581.394.19
IndiaBSE 59913044188350.8161.865.061.173.88
PakistanKSE 94948032050.5866.674.791.193.60
UAEUAE 59251742.3768.004.120.603.52
NorwayOSE 32318610157.5954.304.811.433.38
IndiaNSE 51552701159052.4958.764.501.133.38
USOTC PINK 39192328115859.5649.615.031.733.31
ArgentinaBUE 2831287745.5859.694.631.403.23
SwedenSTOCKHOLM 130868540352.3758.834.101.043.06
JapanNAGOYA 58321755.1753.135.282.283.00
IndonesiaIDX 2891548553.2955.194.081.212.87
MalaysiaBURSA 33517310251.6458.963.891.102.79
IsraelTASE 86140923847.5058.193.961.202.77
BangladeshDSE 54330618856.3561.443.921.172.75
Poland GPW 36819511552.9958.973.710.962.75
ThailandSET 2661367651.1355.883.801.092.71
South KoreaKOSDAQ 176995854054.3256.194.351.682.67
PhilippinesPSE 2391368956.9065.443.460.992.47
Austria WIENERBORSE 141804556.7456.253.140.792.35
Hong KongHKEX 177191351051.6155.803.591.282.31
EgyptEGX 60129016448.2556.553.761.502.26
BelgiumBRUSSELS 2701518855.9358.282.790.682.12
ChinaSZSE 171685842050.0048.953.711.622.10
TaiwanGTSM 123765837553.1956.993.351.322.03
USNASDAQ 89474521226450.7449.873.171.191.98
JapanTOKYO 101925461292553.5853.563.051.121.93
KuwaitKSE 75402153.3352.503.231.301.93
SpainIBEX 3371699850.1557.992.710.821.89
South KoreaKRX 2217118061653.2752.163.151.321.83
The World 112143586332937452.3350.062.851.051.80
DenmarkCOPENHAGEN 2341327656.4157.582.510.741.77
RussiaMICEX 39820210451.5150.732.490.751.74
BrazilBOVESPA 88045623051.9350.332.931.261.67
PortugalLISBON 67351552.2442.862.370.741.63
QatarQE 49241448.9858.332.000.421.58
CanadaTSX 2918155777253.3649.582.480.911.57
USAMEX 115359827351.8645.652.821.281.54
MexicoBMV 36181350.0072.221.720.221.50
TaiwanTWSE 2038107254152.6050.472.601.111.49
ChinaSSE 131768933352.3248.332.831.351.47
SingaporeSGX 127558.3371.431.430.001.43
UKLSE 125341.6760.001.800.401.40
PhilippinesPSE 179552.9455.561.560.221.33
AustraliaASX 171297645457.0746.472.601.331.27
FrancePARIS 2484133563153.7447.272.020.811.21
ItalyBORSA 3240183683556.7045.452.110.961.15
SwitzerlandSIX 120063628453.0044.651.770.681.09
Saudi ArabiaTADAWUL 52527813952.9550.002.231.211.02
DenmarkCOPENHAGEN 179552.9455.561.330.331.00
ChileBCS 62133.3350.001.000.001.00
South KoreaKOSDAQ 52140.0050.001.000.001.00
MexicoBMV 51928813455.4946.532.331.390.94
GermanyXETRA 42742428107756.8344.341.700.780.92
SingaporeSGX 180924351.1146.741.911.020.89
NetherlandsAMSTERDAM 103058526156.8044.621.600.720.88
ArgentinaBUE 50181336.0072.220.940.110.83
USNYSE 164858399360950.9642.961.710.920.79
UKLSE 4394237598154.0541.311.730.970.75
IndiaNSE 2112757.1458.330.920.170.75
NorwayOSE 158553.3362.500.880.130.75
TurkeyBIST 268530.7762.501.130.380.75
TaiwanGTSM 107370.0042.861.000.290.71
IsraelTASE 75471.4380.000.600.000.60
USPREFERRED 54827112049.4544.280.920.380.54
Greece ATHENS 62381861.2947.372.181.660.53
MalaysiaBURSA 2310443.4840.000.500.000.50
BrazilBOVESPA 2110447.6240.000.900.400.50
CanadaTSX 118372.7337.500.750.250.50
ChileBCS 199547.3755.560.670.220.44
ThailandSET 1910752.6370.000.500.100.40
SwedenSTOCKHOLM 1911757.8963.640.360.000.36
ItalyBORSA 83337.50100.000.330.000.33
NetherlandsAMSTERDAM 83337.50100.000.330.000.33
BangladeshDSE 43275.0066.670.330.000.33
BelgiumBRUSSELS 83337.50100.000.330.000.33
Austria WIENERBORSE 83337.50100.000.330.000.33
FrancePARIS 83337.50100.000.330.000.33
SpainIBEX 83337.50100.000.330.000.33
Greece ATHENS 83337.50100.000.330.000.33
GermanyXETRA 83337.50100.000.330.000.33
PortugalLISBON 83337.50100.000.330.000.33
JapanTOKYO 167243.7528.570.290.000.29
ChinaSSE 188444.4450.000.630.380.25
UAEUAE 2312552.1741.670.580.420.17
AustraliaASX 128566.6762.500.380.250.13
Poland GPW 149564.2955.560.670.560.11
Hong KongHKEX 76485.7166.670.170.170.00
FOREXFOREX 235121.7420.000.400.400.00
USWARRANTS 32166.6750.000.500.500.00
RussiaMICEX 63150.0033.330.670.670.00
PakistanKSE 144128.5725.000.250.250.00
Vietnam HOSE 2011355.0027.270.180.27-0.09
IndonesiaIDX 2311547.8345.450.180.36-0.18
USFOREX 118472.7350.000.130.38-0.25
OmanMSM 127158.3314.292.432.71-0.29
SwitzerlandSIX 42050.000.000.000.50-0.50
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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