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 1/1/2014
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ChileBCS 53360.00100.008.330.008.33
CanadaTSX-V 121815966.9472.848.000.907.10
JordanASE 80342442.5070.597.470.766.71
Vietnam HNX 36241566.6762.507.251.136.13
KuwaitKSE 3213840.6361.546.921.855.08
JapanSAPPORO 114336.3675.004.750.004.75
JapanNAGOYA 46281860.8764.295.250.544.71
IndiaBSE 50312509166449.8766.325.630.984.66
Poland GPW 35018812653.7167.024.940.614.33
UAEUAE 41201548.7875.004.950.804.15
ChinaSZSE 1892104862255.3959.355.531.444.09
JapanFUKUOKA 93233.3366.674.330.334.00
PakistanKSE 80838827848.0271.654.770.803.97
NorwayOSE 2581519058.9159.215.031.153.88
IsraelTASE 62331120549.9265.924.720.863.87
Greece ATHENS 46211545.6571.434.430.713.71
South KoreaKOSDAQ 137972745952.8662.965.331.703.63
IndiaNSE 42202119137050.2864.564.520.913.61
ArgentinaBUE 199906345.2370.004.160.673.49
SingaporeSGX 153734247.7157.534.140.673.47
USAMEX 77141222153.4453.644.340.883.46
ChinaSSE 137680646058.5857.074.941.573.36
SwedenSTOCKHOLM 76440525653.0163.214.160.803.36
USOTC PINK 2865172794060.4954.244.771.453.32
Hong KongHKEX 158077746349.1859.594.321.093.22
SpainIBEX 2961539751.6963.403.740.583.16
EgyptEGX 43720312146.4559.614.441.363.08
TurkeyBIST 75441125054.5160.834.041.043.00
OmanMSM 218438.1050.003.630.633.00
IndonesiaIDX 2361307855.0860.003.981.032.95
Saudi ArabiaTADAWUL 60930718850.4161.243.910.972.93
TaiwanGTSM 87947430353.9263.923.901.192.70
PhilippinesPSE 167886053.2967.423.480.802.69
South KoreaKRX 156979645050.8656.393.691.022.67
CanadaCSE 128566.6762.506.253.632.63
RussiaMICEX 2581488557.3657.433.450.882.57
Vietnam HOSE 170734142.9456.163.961.452.51
CanadaTSX 2636139981353.0758.113.010.712.29
BrazilBOVESPA 69134920150.6557.433.411.142.27
AustraliaASX 116866437156.8555.873.230.962.26
JapanTOKYO 78674005232150.9157.953.050.982.07
The World 96101491282726051.1555.453.030.982.04
BangladeshDSE 38921713055.7859.913.261.311.95
PortugalLISBON 59382064.4152.632.710.761.95
ItalyBORSA 2267121365453.5153.922.690.771.92
PhilippinesPSE 148557.1462.502.000.251.75
BelgiumBRUSSELS 2381247952.1063.712.280.531.75
USNASDAQ 108815707283552.5349.602.600.921.68
South KoreaKOSDAQ 53260.0066.671.670.001.67
TaiwanTWSE 137572040852.3656.672.520.881.64
DenmarkCOPENHAGEN 2031015849.7557.432.320.791.52
MexicoBMV 39220111251.5355.452.521.011.51
NetherlandsAMSTERDAM 72237119151.3951.481.970.501.47
FrancePARIS 180288148948.8955.512.080.641.44
MexicoBMV 29161155.1768.751.630.251.38
UKLSE 3468176785150.9548.162.170.811.36
TurkeyBIST 206530.0083.331.500.171.33
USNYSE 120636314311252.3549.281.980.811.17
SwitzerlandSIX 85545623353.3351.101.740.571.17
GermanyXETRA 3023161184553.3952.351.890.731.16
USPREFERRED 47621711245.5951.611.560.551.00
IsraelTASE 32266.67100.001.000.001.00
BangladeshDSE 111100.00100.001.000.001.00
ChinaSSE 114336.3675.001.250.251.00
DenmarkCOPENHAGEN 159560.0055.561.220.221.00
SingaporeSGX 73342.86100.001.000.001.00
SwedenSTOCKHOLM 118572.7362.501.000.001.00
ThailandSET 2301245853.9146.772.301.320.98
NorwayOSE 115345.4560.001.200.400.80
MalaysiaBURSA 2531307151.3854.621.941.150.79
Austria WIENERBORSE 82402048.7850.001.530.750.78
IndiaNSE 2111552.3845.450.820.090.73
RussiaMICEX 53260.0066.671.000.330.67
TaiwanGTSM 96366.6750.001.000.330.67
ArgentinaBUE 41151036.5966.670.800.130.67
ThailandSET 135338.4660.000.600.000.60
QatarQE 3416647.0637.500.880.380.50
JapanTOKYO 104140.0025.000.500.000.50
USFOREX 108580.0062.500.750.380.38
ChileBCS 178447.0650.000.630.250.38
ItalyBORSA 53360.00100.000.330.000.33
NetherlandsAMSTERDAM 53360.00100.000.330.000.33
BrazilBOVESPA 103130.0033.331.331.000.33
BelgiumBRUSSELS 53360.00100.000.330.000.33
Austria WIENERBORSE 53360.00100.000.330.000.33
Hong KongHKEX 333100.00100.000.330.000.33
Greece ATHENS 53360.00100.000.330.000.33
FrancePARIS 53360.00100.000.330.000.33
SpainIBEX 53360.00100.000.330.000.33
GermanyXETRA 53360.00100.000.330.000.33
PortugalLISBON 53360.00100.000.330.000.33
UKLSE 93133.3333.331.000.670.33
UAEUAE 2513752.0053.850.690.380.31
MalaysiaBURSA 2612346.1525.000.330.170.17
Poland GPW 127458.3357.140.710.570.14
AustraliaASX 97477.7857.140.430.290.14
FOREXFOREX 228236.3625.000.500.380.13
USWARRANTS 41181143.9061.118.448.390.06
CanadaTSX 75271.4340.000.400.400.00
PakistanKSE 93133.3333.330.330.330.00
IndonesiaIDX 2113661.9046.150.230.31-0.08
Vietnam HOSE 127158.3314.290.140.43-0.29
SwitzerlandSIX 31033.330.000.001.00-1.00
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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