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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 108594258.3366.6711.622.569.06
ChileBCS 73342.86100.007.330.007.33
USWARRANTS 53260.0066.677.330.337.00
JapanFUKUOKA 197536.8471.437.290.436.86
JordanASE 100403040.0075.007.251.106.15
JapanNAGOYA 77452858.4462.227.181.735.44
Vietnam HNX 46312267.3970.976.031.234.81
JapanSAPPORO 114336.3675.004.750.004.75
CanadaTSX-V 2271539267.4060.137.442.814.63
ArgentinaBUE 38717612045.4868.185.181.124.06
IndiaBSE 83114219260550.7661.745.251.224.04
TurkeyBIST 218896155643.9257.865.071.213.86
Vietnam HOSE 35317810750.4260.115.151.403.74
IndiaNSE 72833760224051.7059.504.651.153.50
PakistanKSE 138768544549.3964.964.431.203.23
NorwayOSE 45425514156.1755.294.551.333.22
IsraelTASE 117456734448.3060.674.261.073.18
USOTC PINK 55843326168459.8550.394.741.583.16
IndonesiaIDX 43723712954.2354.434.411.462.95
Poland GPW 55630518054.8659.023.740.922.83
SwedenSTOCKHOLM 190899056551.8957.073.961.172.79
Hong KongHKEX 2737138977250.7555.583.991.322.67
UAEUAE 72372351.3962.163.891.242.65
ChinaSZSE 3694195799452.9850.794.411.792.62
South KoreaKOSDAQ 2630141579553.8056.184.481.912.57
SpainIBEX 50725614650.4957.033.300.752.55
EgyptEGX 77837221647.8158.063.871.442.43
PhilippinesPSE 30817311156.1764.163.310.972.35
BangladeshDSE 71138922654.7158.103.711.372.34
MalaysiaBURSA 48425814853.3157.363.361.152.22
ChinaSSE 2698148174654.8950.373.901.712.19
USNASDAQ 126516493336551.3751.783.371.192.18
BelgiumBRUSSELS 40821112051.7256.872.800.642.16
ThailandSET 38320411053.2653.923.341.192.15
TaiwanGTSM 171490152052.5757.713.481.342.15
KuwaitKSE 92512555.4349.023.351.222.14
Saudi ArabiaTADAWUL 99649426149.6052.833.191.092.10
USAMEX 160982438951.2147.213.080.982.10
DenmarkCOPENHAGEN 39220612252.5559.222.740.742.00
RussiaMICEX 49926513753.1151.702.980.991.99
South KoreaKRX 3234168188651.9852.713.251.291.96
JapanTOKYO 153948087438752.5354.253.001.071.93
PhilippinesPSE 1810655.5660.002.100.201.90
BrazilBOVESPA 136065033047.7950.773.201.311.89
CanadaTSX 45022342121152.0251.712.730.841.89
The World 166889861184414851.6251.242.921.041.88
OmanMSM 2410441.6740.002.901.201.70
Austria WIENERBORSE 2191216455.2552.892.540.841.69
Greece ATHENS 84482857.1458.332.831.251.58
AustraliaASX 2367134165456.6548.772.731.161.57
SingaporeSGX 127558.3371.431.430.001.43
MexicoBMV 37191451.3573.681.630.211.42
SingaporeSGX 2551295750.5944.192.671.271.40
TaiwanTWSE 2912153377952.6450.822.431.061.37
FrancePARIS 3454180088152.1148.942.070.771.31
ItalyBORSA 43662404115055.0647.842.080.851.22
UKLSE 146442.8666.671.500.331.17
MexicoBMV 75041420455.2049.282.421.281.13
SwitzerlandSIX 172187441350.7847.251.770.641.13
PortugalLISBON 97542055.6737.042.091.001.09
DenmarkCOPENHAGEN 2011755.0063.641.360.271.09
NetherlandsAMSTERDAM 139575836554.3448.151.720.671.06
South KoreaKOSDAQ 62133.3350.001.000.001.00
GermanyXETRA 61863429160655.4846.791.740.760.98
QatarQE 76331443.4242.421.550.580.97
UKLSE 61133241144453.0344.541.850.910.93
USNYSE 2301311787527751.2244.771.840.920.92
NorwayOSE 169656.2566.671.000.110.89
ArgentinaBUE 50181336.0072.220.940.110.83
USPREFERRED 81537717746.2646.951.180.350.83
ChileBCS 2111752.3863.641.000.180.82
TurkeyBIST 278529.6362.501.130.380.75
RussiaMICEX 74257.1450.001.250.500.75
TaiwanGTSM 107370.0042.861.000.290.71
IsraelTASE 75471.4380.000.600.000.60
BrazilBOVESPA 2312552.1741.670.920.330.58
IndiaNSE 2415862.5053.330.730.200.53
BangladeshDSE 54380.0075.000.500.000.50
MalaysiaBURSA 2310443.4840.000.500.000.50
JapanTOKYO 188344.4437.500.500.000.50
CanadaTSX 139369.2333.330.670.220.44
ThailandSET 2010750.0070.000.500.100.40
ItalyBORSA 83337.50100.000.330.000.33
NetherlandsAMSTERDAM 83337.50100.000.330.000.33
Greece ATHENS 83337.50100.000.330.000.33
FrancePARIS 83337.50100.000.330.000.33
SpainIBEX 83337.50100.000.330.000.33
GermanyXETRA 83337.50100.000.330.000.33
Austria WIENERBORSE 83337.50100.000.330.000.33
BelgiumBRUSSELS 83337.50100.000.330.000.33
PortugalLISBON 83337.50100.000.330.000.33
SwedenSTOCKHOLM 2012760.0058.330.330.000.33
ChinaSSE 188444.4450.000.630.380.25
UAEUAE 2312552.1741.670.580.420.17
AustraliaASX 128566.6762.500.380.250.13
Poland GPW 149564.2955.560.670.560.11
PakistanKSE 144128.5725.000.250.250.00
Hong KongHKEX 76485.7166.670.170.170.00
Vietnam HOSE 2011355.0027.270.180.27-0.09
IndonesiaIDX 2311547.8345.450.180.36-0.18
USFOREX 118472.7350.000.130.38-0.25
SwitzerlandSIX 53160.0033.330.000.33-0.33
FOREXFOREX 246125.0016.670.331.00-0.67
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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