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
CanadaCSE 2521369353.9768.3812.752.799.95
JapanFUKUOKA 24131154.1784.626.430.136.31
IndonesiaIDX 83641324449.4059.087.771.855.92
CanadaTSX-V 49029919261.0264.218.152.655.50
JapanNAGOYA 58301651.7253.335.970.675.30
TurkeyBIST 60241340.0054.175.630.335.29
JapanSAPPORO 114336.3675.004.750.004.75
SwedenSTOCKHOLM 2918150592751.8561.275.601.274.32
IndiaBSE 116255765349949.5960.695.201.273.93
NorwayOSE 101353932153.3159.445.141.233.91
JordanASE 76362647.3772.224.700.903.79
PakistanKSE 134271644853.3562.574.901.343.56
Hong KongHKEX 32301804106655.8559.094.981.433.55
BangladeshDSE 91348430953.0163.844.841.313.54
Vietnam HNX 140654946.4375.385.512.023.49
MalaysiaBURSA 84144125852.4458.504.901.433.47
TurkeyBIST 52732232122942.3355.065.081.683.40
DenmarkCOPENHAGEN 65236921056.6056.914.541.153.39
Poland GPW 99953732153.7559.784.861.513.35
PhilippinesPSE 39422614457.3663.724.160.913.26
ChileBCS 2391187349.3761.864.651.463.19
IndiaNSE 109045583328951.2158.904.441.293.15
South KoreaKOSDAQ 40702187122653.9155.884.681.663.02
USOTC PINK 63753770188559.7649.485.002.042.95
USNASDAQ 183339816527253.5753.684.311.402.91
BelgiumBRUSSELS 45024714154.8957.093.690.912.79
EgyptEGX 140363435645.1956.154.521.782.74
IsraelTASE 2170111461851.3455.483.811.112.70
SpainIBEX 56630016253.0054.003.731.102.64
ChinaSZSE 62203275179352.6554.753.801.332.47
UAEUAE 125563745.6064.913.420.972.45
BrazilBOVESPA 2570127167549.4953.073.521.182.34
ChinaSSE 50982776152754.4555.013.591.272.32
ThailandSET 71234718848.7454.183.611.312.30
PhilippinesPSE 2112857.1466.672.420.172.25
TaiwanGTSM 3002153987951.3757.003.451.262.19
QatarQE 154805051.9562.503.161.072.10
MexicoBMV 122972038658.5853.613.751.682.07
Greece ATHENS 168750.0087.502.130.132.00
JapanTOKYO 1884810600573256.2454.082.981.061.92
AustraliaASX 37932194108957.8449.643.071.221.85
PortugalLISBON 178647.0675.
South KoreaKRX 51392736141353.2851.612.881.141.75
Austria WIENERBORSE 67836419053.6952.202.911.191.72
TaiwanTWSE 57403042160353.0052.702.751.061.69
ItalyBORSA 189750.0077.781.890.221.67
NetherlandsAMSTERDAM 189750.0077.781.890.221.67
FrancePARIS 189750.0077.781.890.221.67
SpainIBEX 189750.0077.781.890.221.67
GermanyXETRA 189750.0077.781.890.221.67
Austria WIENERBORSE 189750.0077.781.890.221.67
BelgiumBRUSSELS 189750.0077.781.890.221.67
PortugalLISBON 127552743.3149.092.570.921.65
UKLSE 112606546315958.1348.262.681.041.64
SingaporeSGX 3751999853.0749.252.921.371.56
CanadaTSX 66753465168951.9148.742.591.051.54
OmanMSM 249341.6730.002.701.201.50
Saudi ArabiaTADAWUL 143570637549.2053.122.501.041.46
TaiwanGTSM 1511573.3345.451.640.181.45
IsraelTASE 1711864.7172.731.450.001.45
Vietnam HOSE 87745821852.2247.603.582.191.39
KuwaitKSE 2951599253.9057.862.751.381.37
FrancePARIS 53883017143056.1147.302.220.881.34
PakistanKSE 30171156.6764.711.410.121.29
USNYSE 3274217747829354.2046.732.351.051.29
USAMEX 3484197389556.6345.362.401.131.27
Greece ATHENS 165945456.9757.452.601.391.21
ItalyBORSA 90084962220655.0844.462.130.941.19
SwitzerlandSIX 2894157571654.4245.462.030.871.16
SingaporeSGX 1610662.5060.
MexicoBMV 60332255.0066.671.480.421.06
ArgentinaBUE 201283938142.4044.673.072.051.02
GermanyXETRA 139898140364358.1944.751.690.810.87
DenmarkCOPENHAGEN 31191261.2963.
NorwayOSE 2414758.3350.000.860.070.79
CanadaTSX 2413654.1746.
NetherlandsAMSTERDAM 2557150366958.7844.511.560.830.73
ChileBCS 2212754.5558.330.920.250.67
UKLSE 2112757.1458.331.170.500.67
RussiaMICEX 157446.6757.140.860.290.57
SwedenSTOCKHOLM 29181062.0755.560.670.110.56
MalaysiaBURSA 32181056.2555.560.500.000.50
ArgentinaBUE 75251533.3360.000.760.280.48
IndiaNSE 32191159.3857.890.740.320.42
BrazilBOVESPA 3318654.5533.330.780.390.39
Poland GPW 2313956.5269.230.770.380.38
ChinaSSE 2614853.8557.140.640.290.36
ThailandSET 3112838.7166.670.500.170.33
UAEUAE 3115748.3946.670.730.400.33
South KoreaKOSDAQ 103130.0033.330.670.330.33
IndonesiaIDX 3719951.3547.370.580.260.32
JapanTOKYO 2713648.1546.150.460.150.31
FOREXFOREX 3914535.9035.711.000.710.29
BangladeshDSE 168450.0050.000.500.380.13
Vietnam HOSE 3118858.0644.440.280.220.06
SwitzerlandSIX 64266.6750.
AustraliaASX 16000.
RussiaMICEX 10050050.
USWARRANTS 620067.740.
Hong KongHKEX 1412685.7150.000.080.42-0.33
USFOREX 2515660.0040.000.130.47-0.33
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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