BULLISH AFTER BOTTOM GAP UP
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.
BULLISH AFTER BOTTOM GAP UP
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
MalaysiaBURSA 111100.00100.001.000.001.00
BrazilBOVESPA 111100.00100.001.000.001.00
AustraliaASX 111100.00100.001.000.001.00
The World 85218666.311.060.090.010.09
ItalyBORSA 240075.000.000.000.000.00
IndiaNSE 440052.270.000.000.000.00
IndiaBSE 350057.140.000.000.000.00
IsraelTASE 60066.670.000.000.000.00
IsraelTASE 1000.000.000.000.000.00
Hong KongHKEX 120066.670.000.000.000.00
Hong KongHKEX 110100.000.000.000.000.00
FrancePARIS 160075.000.000.000.000.00
DenmarkCOPENHAGEN 21050.000.000.000.000.00
DenmarkCOPENHAGEN 1000.000.000.000.000.00
GermanyXETRA 230073.910.000.000.000.00
ChinaSZSE 520073.080.000.000.000.00
ChinaSSE 200080.000.000.000.000.00
BrazilBOVESPA 90044.440.000.000.000.00
BangladeshDSE 110100.000.000.000.000.00
BangladeshDSE 4000.000.000.000.000.00
SwitzerlandSIX 50080.000.000.000.000.00
CanadaTSX 150060.000.000.000.000.00
CanadaTSX 110100.000.000.000.000.00
CanadaCSE 100100.000.000.000.000.00
CanadaTSX-V 30066.670.000.000.000.00
Vietnam HNX 100100.000.000.000.000.00
Vietnam HOSE 110100.000.000.000.000.00
USPREFERRED 50060.000.000.000.000.00
USOTC PINK 200065.000.000.000.000.00
USNYSE 850067.060.000.000.000.00
USNASDAQ 840064.290.000.000.000.00
USFOREX 110100.000.000.000.000.00
USAMEX 80062.500.000.000.000.00
UKLSE 270081.480.000.000.000.00
TaiwanGTSM 60050.000.000.000.000.00
TaiwanTWSE 150080.000.000.000.000.00
TurkeyBIST 90066.670.000.000.000.00
ThailandSET 100100.000.000.000.000.00
SingaporeSGX 1000.000.000.000.000.00
SwedenSTOCKHOLM 140085.710.000.000.000.00
RussiaMICEX 200100.000.000.000.000.00
Poland GPW 30066.670.000.000.000.00
PakistanKSE 40075.000.000.000.000.00
PakistanKSE 110100.000.000.000.000.00
PhilippinesPSE 1000.000.000.000.000.00
NorwayOSE 1000.000.000.000.000.00
NetherlandsAMSTERDAM 30066.670.000.000.000.00
MalaysiaBURSA 100100.000.000.000.000.00
MexicoBMV 40075.000.000.000.000.00
Saudi ArabiaTADAWUL 50080.000.000.000.000.00
QatarQE 100100.000.000.000.000.00
UAEUAE 110100.000.000.000.000.00
EgyptEGX 100100.000.000.000.000.00
South KoreaKOSDAQ 240066.670.000.000.000.00
South KoreaKRX 190089.470.000.000.000.00
JapanTOKYO 520057.690.000.000.000.00
ChileBCS 30066.670.000.000.000.00
AustraliaASX 110045.450.000.000.000.00
Austria WIENERBORSE 20050.000.000.000.000.00
ArgentinaBUE 1000.000.000.000.000.00
ChinaSSE 110100.000.000.001.00-1.00
ChileBCS 110100.000.000.001.00-1.00
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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