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 buying decisions.
This is a five candlestick pattern that starts with three black candlesticks. The market signals a bottom reversal with the change in the color at the fourth candlestick. The next day gaps higher and makes a strong upward move, confirming the reversal.
Recognition Criteria
1. The pattern begins with a black candlestick.
2. The next two days are also black days, and each one closes lower than the previous day’s close.
3. The third day gaps down and opens below the close of the second day.
4. The fourth day is white.
4. The fifth day is a strong white with an open forming (causing) a gap above the previous day’s close.
Pattern Requirements and Flexibility
The first three days of the Bullish After Bottom Gap Up are strong black candlesticks with consecutive lower opens and lower closes. The third black should gap down. The fourth day is a white candlestick that opens higher and covers the gap. The fifth day is a strong white candlestick that makes a body gap with the fourth day. There are no short candlesticks in this pattern.
Trader’s Behavior
The first two black days and the gapping down third black day create a market with an extended downtrend. The fourth day is a strong white day that shows there might finally be some weakness in the decline. The fifth day gaps up and closes near its highs creating a strong white candlestick. It now appears that the market overextended itself to the downside and a reversal of the prior trend has begun.
Buy/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross above this level for confirmation.

The stop loss level is defined as the lower of the last two lows. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish 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
South KoreaKOSDAQ 111100.00100.0020.000.0020.00
MalaysiaBURSA 111100.00100.
BrazilBOVESPA 111100.00100.
AustraliaASX 111100.00100.
The World 81520866.751.470.140.010.14
ItalyBORSA 190073.680.
IndiaNSE 410058.540.
IndiaBSE 310054.840.
IsraelTASE 60083.330.
IsraelTASE 1000.
Hong KongHKEX 90055.560.
Hong KongHKEX 110100.
FrancePARIS 130084.620.
DenmarkCOPENHAGEN 21050.
GermanyXETRA 190068.420.
ChinaSZSE 380078.950.
ChinaSSE 280085.710.
BrazilBOVESPA 100060.
BangladeshDSE 110100.
BangladeshDSE 2000.
SwitzerlandSIX 30066.670.
CanadaTSX 120075.
CanadaTSX 110100.
CanadaCSE 100100.
Vietnam HOSE 110100.
USOTC PINK 130061.540.
USNYSE 980065.310.
USNASDAQ 920063.
USFOREX 110100.
USAMEX 140078.570.
UKLSE 310070.970.
TaiwanGTSM 40050.
TaiwanTWSE 150086.670.
TurkeyBIST 70057.
ThailandSET 100100.
SingaporeSGX 1000.
SwedenSTOCKHOLM 110054.550.
RussiaMICEX 20050.
Poland GPW 200100.
PakistanKSE 60050.
PakistanKSE 110100.
PhilippinesPSE 1000.
NorwayOSE 20050.
NorwayOSE 1000.
NetherlandsAMSTERDAM 40075.
MalaysiaBURSA 30033.330.
MexicoBMV 40075.
Saudi ArabiaTADAWUL 20050.
QatarQE 30033.330.
UAEUAE 110100.
EgyptEGX 20050.
South KoreaKOSDAQ 270066.670.
South KoreaKRX 190078.950.
ChileBCS 20050.
AustraliaASX 100040.
Austria WIENERBORSE 50080.
ArgentinaBUE 30033.330.
JapanTOKYO 510058.820.
ChinaSSE 110100.
ChileBCS 110100.
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


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