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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 94553760.6464.9111.252.868.39
JapanFUKUOKA 167643.7585.716.290.146.14
CanadaTSX-V 2161429167.1362.768.032.215.81
Vietnam HNX 39241861.5475.006.250.885.38
TurkeyBIST 160070143643.8162.205.911.004.91
JapanSAPPORO 114336.3675.004.750.004.75
JordanASE 80342342.5067.655.411.244.18
Vietnam HOSE 3221579548.7660.515.401.394.01
IndiaBSE 62103159195250.8761.795.031.173.87
PakistanKSE 103052134950.5866.994.791.143.64
UAEUAE 60261843.3369.234.080.583.50
IndiaNSE 53752803164552.2058.624.581.143.44
USOTC PINK 41122435120559.3949.345.021.723.29
ArgentinaBUE 2971357945.7958.094.601.413.18
JapanNAGOYA 56321857.1456.255.472.313.16
NorwayOSE 33019110257.8853.404.501.463.04
IndonesiaIDX 3111699454.3455.624.221.252.96
SwedenSTOCKHOLM 141474443852.6258.873.971.022.95
MalaysiaBURSA 34718010651.8758.893.951.082.87
IsraelTASE 89842625047.4458.693.961.162.80
BangladeshDSE 56431219255.3261.543.981.192.79
South KoreaKOSDAQ 1841100657554.8156.994.371.632.74
ThailandSET 2731397850.9256.123.761.062.69
Poland GPW 38320712054.0557.973.601.002.59
PhilippinesPSE 2451408957.1463.573.361.002.36
Hong KongHKEX 184996354152.1456.123.571.292.29
Austria WIENERBORSE 152844755.2655.953.080.802.29
EgyptEGX 63830617147.9655.883.661.512.15
BelgiumBRUSSELS 2781589156.8357.592.770.662.11
USNASDAQ 94394715238950.2650.363.231.172.07
ChinaSZSE 1968102752752.1851.313.591.532.06
TaiwanGTSM 129269340053.6457.723.321.272.05
DenmarkCOPENHAGEN 2461418357.3258.872.610.701.91
PhilippinesPSE 1810655.5660.
SpainIBEX 35217510149.7257.712.680.811.87
JapanTOKYO 110065775305752.4752.942.971.121.85
South KoreaKRX 2369124865652.7252.523.111.271.84
The World 118408616803101052.1450.222.841.041.80
KuwaitKSE 73371950.6851.353.051.271.78
RussiaMICEX 40820910651.9650.002.430.751.68
BrazilBOVESPA 93448224551.7150.722.891.211.68
CanadaTSX 3073163481753.1750.002.500.901.60
USAMEX 122162829151.4346.342.821.231.59
QatarQE 52241446.1558.332.000.421.58
ChinaSSE 149279539853.2850.062.821.301.52
TaiwanTWSE 2140112856452.7150.002.531.101.43
SingaporeSGX 127558.3371.431.430.001.43
MexicoBMV 37191451.3573.681.630.211.42
UKLSE 125341.6760.001.800.401.40
PortugalLISBON 66351453.0340.002.110.771.34
AustraliaASX 1811102847456.8246.062.601.311.29
FrancePARIS 2595140365354.0746.541.980.811.17
SingaporeSGX 180944452.2246.811.880.781.11
DenmarkCOPENHAGEN 2011755.0063.641.360.271.09
Saudi ArabiaTADAWUL 54228514452.7750.352.251.181.07
ItalyBORSA 3252183783556.5245.431.950.891.06
SwitzerlandSIX 127066730252.5245.281.720.661.06
South KoreaKOSDAQ 52140.0050.
ChileBCS 42150.0050.
MexicoBMV 55130814255.9046.102.281.380.90
NorwayOSE 169656.2566.671.000.110.89
GermanyXETRA 45782595114556.7144.111.650.780.88
NetherlandsAMSTERDAM 108861827856.8044.981.570.700.87
USNYSE 174868812386150.4243.801.750.900.85
ArgentinaBUE 50181336.0072.220.940.110.83
RussiaMICEX 74257.1450.001.250.500.75
TurkeyBIST 268530.7762.501.130.380.75
IndiaNSE 2112757.1458.330.920.170.75
UKLSE 45462469103354.3341.821.710.970.74
TaiwanGTSM 107370.0042.861.000.290.71
IsraelTASE 75471.4380.000.600.000.60
USPREFERRED 60929613848.6046.620.950.360.59
BrazilBOVESPA 2110447.6240.000.900.400.50
CanadaTSX 118372.7337.500.750.250.50
MalaysiaBURSA 2310443.4840.000.500.000.50
ThailandSET 1910752.6370.000.500.100.40
ChileBCS 2010650.0060.000.600.200.40
Greece ATHENS 65412063.0848.782.071.680.39
SwedenSTOCKHOLM 2012760.0058.330.330.000.33
PortugalLISBON 83337.50100.000.330.000.33
ItalyBORSA 83337.50100.000.330.000.33
NetherlandsAMSTERDAM 83337.50100.000.330.000.33
BangladeshDSE 43275.0066.670.330.000.33
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
JapanTOKYO 167243.7528.570.290.000.29
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
Hong KongHKEX 76485.7166.670.170.170.00
FOREXFOREX 235121.7420.000.400.400.00
USWARRANTS 32166.6750.000.500.500.00
PakistanKSE 144128.5725.
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
OmanMSM 127158.3314.292.432.71-0.29
SwitzerlandSIX 53160.0033.330.000.33-0.33
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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