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 56231341.0756.525.870.355.52
JapanSAPPORO 114336.3675.004.750.004.75
PhilippinesPSE 2112857.1466.672.420.172.25
Greece ATHENS 157646.6785.712.290.142.14
PortugalLISBON 178647.0675.
NetherlandsAMSTERDAM 178647.0675.
ItalyBORSA 178647.0675.
BelgiumBRUSSELS 178647.0675.
Austria WIENERBORSE 178647.0675.
FrancePARIS 178647.0675.
SpainIBEX 178647.0675.
GermanyXETRA 178647.0675.
IsraelTASE 1510866.6780.001.600.001.60
OmanMSM 249341.6730.002.701.201.50
TaiwanGTSM 1411578.5745.451.640.181.45
PakistanKSE 30171156.6764.711.410.121.29
SingaporeSGX 159660.0066.671.220.001.22
UKLSE 2011755.0063.641.270.181.09
MexicoBMV 58312053.4564.521.480.451.03
JapanFUKUOKA 172158.8210.
NorwayOSE 2313756.5253.850.920.080.85
DenmarkCOPENHAGEN 30191263.3363.
CanadaTSX 2413654.1746.
ChileBCS 2212754.5558.330.920.250.67
SwedenSTOCKHOLM 28171060.7158.820.710.060.65
MalaysiaBURSA 2814850.0057.140.570.000.57
RussiaMICEX 137453.8557.140.860.290.57
ArgentinaBUE 66241536.3662.500.790.250.54
ChinaSSE 219542.8655.560.780.330.44
BrazilBOVESPA 3217653.1335.290.820.410.41
IndiaNSE 31181058.0655.560.720.330.39
Poland GPW 2313956.5269.230.770.380.38
IndonesiaIDX 3317951.5252.940.650.290.35
South KoreaKOSDAQ 73142.8633.330.670.330.33
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
UAEUAE 3014646.6742.860.640.430.21
PortugalLISBON 1003243.004.650.180.020.16
ThailandSET 6451147.600.330.160.000.16
DenmarkCOPENHAGEN 5875456.731.
NorwayOSE 8762252.850.430.050.000.05
Vietnam HOSE 7762251.800.500.040.000.04
BangladeshDSE 8521153.
The World 2283151779105152.910.870.040.010.03
KuwaitKSE 2604352.312.
USAMEX 28772257.980.
South KoreaKOSDAQ 35442252.
SwedenSTOCKHOLM 26512151.490.
South KoreaKRX 43812151.840.
IsraelTASE 20433351.
EgyptEGX 12025244.430.370.030.020.01
USNASDAQ 167214453.
RussiaMICEX 8681152.650.
TaiwanGTSM 24681151.380.
IndiaNSE 89977451.830.
AustraliaASX 32685457.800.
ItalyBORSA 77643154.
JapanTOKYO 161143356.
Hong KongHKEX 29212155.360.
IndiaBSE 97493149.840.
TurkeyBIST 42680042.390.
SingaporeSGX 3300049.390.
UKLSE 92960057.820.
USOTC PINK 53650059.870.
PhilippinesPSE 3910055.750.
Poland GPW 8970053.
Vietnam HNX 1290045.740.
Vietnam HOSE 2715655.5640.
USWARRANTS 620067.740.
ChinaSZSE 57120051.700.
ChinaSSE 45720052.950.
ChileBCS 2150048.370.
CanadaCSE 2510053.780.
CanadaTSX-V 4890060.530.
SpainIBEX 5010053.490.
Greece ATHENS 1350058.520.
FrancePARIS 47106455.330.
SwitzerlandSIX 24870055.
SwitzerlandSIX 64266.6750.
CanadaTSX 58760051.860.
BrazilBOVESPA 20990049.
BelgiumBRUSSELS 4010055.860.
Austria WIENERBORSE 4850055.460.
ArgentinaBUE 11910044.330.
UAEUAE 1080047.
Saudi ArabiaTADAWUL 12490048.920.
QatarQE 1260055.560.
MalaysiaBURSA 8100052.
MexicoBMV 11450058.340.
JordanASE 700047.
JapanNAGOYA 460050.
IndonesiaIDX 7370050.
USNYSE 289084153.670.
TaiwanTWSE 46711052.840.
NetherlandsAMSTERDAM 21323058.
GermanyXETRA 116681056.900.
PakistanKSE 11501053.
Hong KongHKEX 1311684.6254.550.090.36-0.27
USFOREX 2414658.3342.860.140.43-0.29
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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