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 1/1/2014
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
PakistanKSE 32166.6750.0038.000.0038.00
USPREFERRED 21150.00100.0011.000.0011.00
FrancePARIS 222100.00100.007.500.007.50
USAMEX 21150.00100.007.000.007.00
Hong KongHKEX 54480.00100.006.250.006.25
BrazilBOVESPA 111100.00100.006.000.006.00
SwitzerlandSIX 222100.00100.004.500.004.50
AustraliaASX 65583.33100.004.400.004.40
SwedenSTOCKHOLM 32266.67100.004.000.004.00
NetherlandsAMSTERDAM 111100.00100.004.000.004.00
IsraelTASE 111100.00100.004.000.004.00
UKLSE 109790.0077.783.890.003.89
CanadaTSX 75571.43100.003.600.003.60
TaiwanGTSM 331100.0033.335.001.673.33
ChinaSZSE 1412985.7175.003.420.253.17
GermanyXETRA 96666.67100.002.830.002.83
South KoreaKOSDAQ 63250.0066.674.001.332.67
The World 31121912570.4257.083.050.752.29
Saudi ArabiaTADAWUL 43275.0066.672.330.332.00
USNASDAQ 39251064.1040.003.801.881.92
IndiaBSE 1511473.3336.362.640.911.73
IndiaNSE 149664.2966.672.110.891.22
USNYSE 38261468.4253.852.231.041.19
BelgiumBRUSSELS 111100.00100.001.000.001.00
EgyptEGX 31133.33100.001.000.001.00
JapanTOKYO 2111752.3863.642.091.360.73
ChinaSSE 129475.0044.441.110.560.56
USOTC PINK 32266.67100.000.500.000.50
ItalyBORSA 84350.0075.001.250.750.50
Hong KongHKEX 110100.000.000.000.000.00
DenmarkCOPENHAGEN 1000.000.000.000.000.00
BangladeshDSE 110100.000.000.000.000.00
ChinaSSE 110100.000.000.000.000.00
Poland GPW 110100.000.000.000.000.00
MalaysiaBURSA 1000.000.000.000.000.00
MexicoBMV 1000.000.000.000.000.00
UAEUAE 221100.0050.000.000.000.00
South KoreaKRX 110100.000.000.000.000.00
IsraelTASE 1000.000.000.000.000.00
Vietnam HOSE 110100.000.000.000.000.00
TurkeyBIST 21050.000.000.000.000.00
PakistanKSE 110100.000.000.000.000.00
USFOREX 110100.000.000.000.000.00
TaiwanTWSE 64266.6750.000.251.25-1.00
PortugalLISBON 110100.000.000.001.00-1.00
SpainIBEX 110100.000.000.001.00-1.00
IndonesiaIDX 110100.000.000.003.00-3.00
NorwayOSE 110100.000.000.003.00-3.00
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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