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 97553857.7367.8611.842.888.96
JapanFUKUOKA 146642.86100.007.330.007.33
Vietnam HNX 40241760.0070.836.171.135.04
TurkeyBIST 142162639244.0562.625.881.004.88
CanadaTSX-V 2151458867.4460.697.162.334.83
JapanSAPPORO 114336.3675.004.750.004.75
Vietnam HOSE 3021489149.0161.495.451.374.08
UAEUAE 55231741.8273.914.480.434.04
IndiaBSE 59052990184350.6461.645.051.183.86
PakistanKSE 94247831850.7466.534.801.193.61
JordanASE 78332242.3166.674.821.273.55
ArgentinaBUE 2801277945.3662.204.781.433.35
IndiaNSE 50892656155752.2958.514.481.133.34
USOTC PINK 37922233110659.0249.425.001.723.27
SwedenSTOCKHOLM 124965739652.6060.274.100.993.11
JapanNAGOYA 57311754.3954.845.452.353.10
NorwayOSE 2991729357.5354.074.361.422.94
MalaysiaBURSA 32817010151.8359.413.941.102.84
IsraelTASE 81938723047.2559.433.951.162.79
Poland GPW 35718611252.1060.223.720.962.76
IndonesiaIDX 2771508254.1554.673.991.232.75
BangladeshDSE 52630018557.0361.673.901.182.72
South KoreaKOSDAQ 171894052954.8356.164.301.682.62
EgyptEGX 57727515847.6657.453.871.442.42
PhilippinesPSE 2281288456.1465.633.371.012.36
ThailandSET 2541307051.1853.853.481.152.33
BelgiumBRUSSELS 2601448655.3859.722.880.632.25
Hong KongHKEX 172589250251.7756.223.511.282.23
Austria WIENERBORSE 129704054.2657.142.910.732.19
ChinaSZSE 162481740550.3149.573.701.622.09
TaiwanGTSM 113661935154.4956.703.391.362.03
USNASDAQ 86344374219450.7950.033.151.201.95
JapanTOKYO 97225191277053.3953.363.011.141.86
SpainIBEX 3291649549.8557.932.640.831.81
South KoreaKRX 2159115960553.7352.163.111.321.79
The World 108183565122828452.2750.022.841.061.78
RussiaMICEX 39020310452.8250.492.480.761.72
PortugalLISBON 66341551.5244.122.440.761.68
SingaporeSGX 116554.5583.331.670.001.67
USAMEX 112258126751.7845.962.891.291.59
CanadaTSX 2810149674453.2449.732.500.921.59
QatarQE 48241450.0058.332.000.421.58
KuwaitKSE 67371955.2251.352.971.411.57
BrazilBOVESPA 81842521452.0850.232.781.271.50
MexicoBMV 35181351.4372.221.720.221.50
DenmarkCOPENHAGEN 2231267056.5055.562.250.781.47
TaiwanTWSE 1899100451152.8750.902.571.101.46
ChinaSSE 126066531852.7847.822.811.381.42
UKLSE 125341.6760.001.800.401.40
PhilippinesPSE 179552.9455.561.560.221.33
ItalyBORSA 3075173678856.4645.392.180.971.21
AustraliaASX 161192842257.6745.432.561.361.20
FrancePARIS 2418129860053.6846.221.990.831.16
SwitzerlandSIX 114660326952.6244.611.790.681.12
SingaporeSGX 177894350.2848.312.021.011.01
South KoreaKOSDAQ 52140.0050.001.000.001.00
DenmarkCOPENHAGEN 169556.2555.561.330.331.00
ChileBCS 42150.0050.001.000.001.00
MexicoBMV 50127813255.4947.482.381.400.99
Saudi ArabiaTADAWUL 50926813252.6549.252.221.250.98
NetherlandsAMSTERDAM 99356425256.8044.681.660.700.95
GermanyXETRA 40852330102457.0643.931.690.790.90
ArgentinaBUE 49181336.7372.220.940.110.83
USNYSE 160598161351950.8243.121.700.930.77
NorwayOSE 158553.3362.500.880.130.75
TurkeyBIST 268530.7762.501.130.380.75
IndiaNSE 1811661.1154.550.910.180.73
UKLSE 4184225192953.8041.271.700.980.72
TaiwanGTSM 107370.0042.861.000.290.71
MalaysiaBURSA 219342.8633.330.560.000.56
USPREFERRED 52126511750.8644.150.920.390.53
ChinaSSE 156340.0050.000.830.330.50
CanadaTSX 118372.7337.500.750.250.50
BangladeshDSE 222100.00100.000.500.000.50
IsraelTASE 443100.0075.000.500.000.50
ThailandSET 137453.8557.140.570.140.43
JapanTOKYO 135138.4620.000.400.000.40
PortugalLISBON 63350.00100.000.330.000.33
SwedenSTOCKHOLM 169656.2566.670.330.000.33
Austria WIENERBORSE 63350.00100.000.330.000.33
BelgiumBRUSSELS 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
ChileBCS 199547.3755.560.560.220.33
NetherlandsAMSTERDAM 63350.00100.000.330.000.33
ItalyBORSA 63350.00100.000.330.000.33
UAEUAE 2211550.0045.450.640.360.27
BrazilBOVESPA 188344.4437.500.750.500.25
Hong KongHKEX 65483.3380.000.200.000.20
Greece ATHENS 55331560.0045.451.581.420.15
AustraliaASX 108580.0062.500.380.250.13
Poland GPW 149564.2955.560.670.560.11
FOREXFOREX 235121.7420.000.400.400.00
Vietnam HOSE 189250.0022.220.220.220.00
RussiaMICEX 53160.0033.330.670.670.00
PakistanKSE 114136.3625.000.250.250.00
IndonesiaIDX 2010450.0040.000.200.40-0.20
USFOREX 118472.7350.000.130.38-0.25
OmanMSM 127158.3314.292.432.71-0.29
USWARRANTS 52140.0050.000.501.00-0.50
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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