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 1/1/2017
Stock Exchange 
Per Trade 
Total Net% Descending
USWARRANTS 138761.5487.5026.883.1323.75
CanadaCSE 128735357.0372.6013.822.3711.45
JapanFUKUOKA 169756.2577.787.890.337.56
JapanNAGOYA 86473054.6563.838.111.686.43
JordanASE 96443245.8372.736.501.005.50
Vietnam HNX 54332461.1172.735.911.154.76
JapanSAPPORO 114336.3675.004.750.004.75
CanadaTSX-V 26917910466.5458.107.092.924.17
IndiaBSE 90454555282350.3661.985.391.244.15
NorwayOSE 55031317956.9157.195.291.353.94
ArgentinaBUE 49621714143.7564.985.311.393.92
TurkeyBIST 2749117968042.8957.685.221.333.90
IndiaNSE 79894114246651.5059.944.921.193.72
Vietnam HOSE 43921512648.9758.605.061.453.61
IndonesiaIDX 51127915954.6056.995.011.573.44
SwedenSTOCKHOLM 2279116668251.1658.494.541.243.30
PakistanKSE 145772746549.9063.964.471.263.21
IsraelTASE 147470742247.9659.694.391.203.19
UAEUAE 88422947.7369.054.100.953.14
Poland GPW 70739124155.3061.644.161.093.07
USOTC PINK 61263661183960.1949.884.631.742.90
SpainIBEX 58530917852.8257.613.760.902.86
Hong KongHKEX 3036154185450.7655.423.891.322.57
USNASDAQ 149087834416052.5553.103.831.272.56
BangladeshDSE 79342024552.9658.333.861.312.55
ChinaSZSE 42192232113252.9050.724.341.792.55
South KoreaKOSDAQ 3405170592350.1954.014.532.042.48
MalaysiaBURSA 62432118451.4457.323.671.232.44
PhilippinesPSE 38320113352.4866.173.441.002.43
ThailandSET 52726914851.0455.023.521.152.37
RussiaMICEX 59531716653.2852.373.371.012.36
SingaporeSGX 3071557450.4947.743.541.232.31
ChinaSSE 3005165584355.0750.943.921.692.24
EgyptEGX 93143024146.1956.053.771.622.15
BelgiumBRUSSELS 46624213751.9356.612.840.772.07
JapanTOKYO 172419237498453.5853.963.161.142.02
The World 186496975035027652.3051.553.161.132.02
ChileBCS 51251649.0264.005.403.402.00
PhilippinesPSE 2012860.0066.672.170.172.00
CanadaTSX 52732790145952.9152.292.880.901.98
Austria WIENERBORSE 3131799557.1953.
BrazilBOVESPA 155873837747.3751.083.271.331.94
Saudi ArabiaTADAWUL 109554629049.8653.
USAMEX 1960105248653.6746.
KuwaitKSE 109613355.9654.
South KoreaKRX 39631987102650.1451.643.291.421.87
DenmarkCOPENHAGEN 47124714352.4457.892.850.991.86
TaiwanGTSM 2110107458550.9054.473.281.431.84
Greece ATHENS 95543256.8459.
AustraliaASX 2710155075857.2048.903.001.231.77
OmanMSM 2410441.6740.002.901.201.70
USPREFERRED 112554927448.8049.912.330.691.64
MexicoBMV 91250825655.7050.393.041.501.54
TaiwanGTSM 129475.0044.441.670.221.44
FrancePARIS 40542130106552.5450.002.300.861.44
TaiwanTWSE 3663188494751.4350.272.511.101.41
ItalyBORSA 52692956142856.1048.312.290.971.32
USNYSE 2639313867640552.5446.
MexicoBMV 52271951.9270.371.590.331.26
SwitzerlandSIX 196299947650.9247.651.980.731.25
SingaporeSGX 138561.5462.501.250.001.25
UKLSE 72393985180555.0845.
NetherlandsAMSTERDAM 159586942854.4849.251.880.711.17
UKLSE 2011755.0063.641.270.181.09
QatarQE 101421941.5845.241.810.761.05
DenmarkCOPENHAGEN 25151060.0066.671.200.201.00
South KoreaKOSDAQ 62133.3350.
PortugalLISBON 111612354.9537.702.051.130.92
GermanyXETRA 72504133195957.0147.401.820.920.89
NorwayOSE 169656.2566.671.000.110.89
ChileBCS 2111752.3863.641.000.180.82
ArgentinaBUE 57201435.0970.000.850.100.75
SwedenSTOCKHOLM 2314960.8764.290.710.000.71
IsraelTASE 75471.4380.000.600.000.60
RussiaMICEX 95355.5660.001.000.400.60
MalaysiaBURSA 2612646.1550.000.580.000.58
JapanTOKYO 208340.0037.500.500.000.50
ChinaSSE 209545.0055.560.780.330.44
ThailandSET 2010750.0070.000.500.100.40
IndiaNSE 29181062.0755.560.720.330.39
BrazilBOVESPA 2713548.1538.460.850.460.38
Poland GPW 1911757.8963.640.820.450.36
IndonesiaIDX 2814750.0050.000.640.290.36
PortugalLISBON 83337.50100.000.330.000.33
NetherlandsAMSTERDAM 83337.50100.000.330.000.33
ItalyBORSA 83337.50100.000.330.000.33
BelgiumBRUSSELS 83337.50100.000.330.000.33
Austria WIENERBORSE 83337.50100.000.330.000.33
GermanyXETRA 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
CanadaTSX 1910452.6340.000.600.300.30
PakistanKSE 219642.8666.670.330.110.22
BangladeshDSE 85362.5060.000.400.200.20
UAEUAE 2412550.0041.670.580.420.17
TurkeyBIST 3613536.1138.460.690.540.15
AustraliaASX 128566.6762.500.380.250.13
Vietnam HOSE 2312452.1733.330.250.250.00
USFOREX 1610562.5050.000.200.30-0.10
Hong KongHKEX 87487.5057.140.140.29-0.14
SwitzerlandSIX 53160.0033.330.000.33-0.33
FOREXFOREX 257128.0014.290.290.86-0.57
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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