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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
IsraelTASE 32266.67100.0020.500.0020.50
USOTC PINK 443100.0075.0020.250.0020.25
CanadaTSX 87687.5085.719.860.149.71
RussiaMICEX 42250.00100.008.500.008.50
NetherlandsAMSTERDAM 111100.00100.008.000.008.00
IndiaBSE 1913668.4246.158.852.006.85
ChinaSZSE 26231388.4656.527.260.966.30
JapanTOKYO 30191563.3378.956.680.426.26
DenmarkCOPENHAGEN 31133.33100.005.000.005.00
SwitzerlandSIX 222100.00100.004.500.004.50
USNASDAQ 26171365.3876.474.710.823.88
FrancePARIS 65483.3380.003.800.003.80
The World 33123615471.3065.254.500.753.75
USAMEX 43375.00100.003.670.003.67
ChinaSSE 74357.1475.004.250.753.50
GermanyXETRA 86475.0066.673.000.332.67
UKLSE 98688.8975.003.250.632.63
Saudi ArabiaTADAWUL 333100.00100.002.330.002.33
AustraliaASX 64366.6775.002.750.502.25
South KoreaKOSDAQ 118572.7362.503.251.002.25
TurkeyBIST 52240.00100.002.000.002.00
SwedenSTOCKHOLM 65283.3340.003.001.002.00
USNYSE 32221668.7572.731.910.501.41
BrazilBOVESPA 111100.00100.001.000.001.00
PakistanKSE 332100.0066.671.330.331.00
IndiaNSE 2011555.0045.451.551.360.18
Vietnam HOSE 110100.000.000.000.000.00
USPREFERRED 1000.000.000.000.000.00
USFOREX 110100.000.000.000.000.00
BelgiumBRUSSELS 1000.000.000.000.000.00
BangladeshDSE 110100.000.000.000.000.00
BangladeshDSE 1000.000.000.000.000.00
Hong KongHKEX 110100.000.000.000.000.00
CanadaTSX 110100.000.000.000.000.00
CanadaTSX-V 21150.00100.000.000.000.00
PakistanKSE 110100.000.000.000.000.00
MexicoBMV 1000.000.000.000.000.00
UAEUAE 110100.000.000.000.000.00
DenmarkCOPENHAGEN 21050.000.000.000.000.00
IsraelTASE 1000.000.000.000.000.00
ItalyBORSA 64366.6775.000.750.750.00
South KoreaKRX 42150.0050.000.000.50-0.50
TaiwanTWSE 53160.0033.331.001.67-0.67
ChinaSSE 110100.000.000.001.00-1.00
Poland GPW 21050.000.000.001.00-1.00
QatarQE 220100.000.000.001.50-1.50
Hong KongHKEX 54180.0025.001.003.25-2.25
IndonesiaIDX 110100.000.000.004.00-4.00
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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