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 five candlestick pattern that starts with three strong white candlesticks. The uptrend continues with the fourth higher close. The next day gaps lower and closes much lower than the previous day or two. This may imply a bearish reversal.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. Three strong white candlesticks occur much like the Three White Soldiers pattern.
3. The fourth white candlestick closes also higher but has a long lower shadow.
4. The fifth day is a strong black with an open below the previous day’s body.
Pattern Requirements and Flexibility
The first three days of the Bearish Ladder Top are strong white candlesticks with consecutive higher opens and higher closes. The fourth day is a short white candlestick, but it opens lower and trades lower, leaving a long lower shadow, then closes making a new high. The fifth day is a strong black candlestick that makes a body gap with the fourth day.
Trader’s Behavior
There is a considerable uptrend for some time and the bulls are happy. Then we see a good upward move. Prices start trading below the opening price and almost reaching to the new low of the previous day, but then they close at another new high. This action is a warning for the bulls telling them that the market will not go up forever. The bulls may then be forced to reevaluate their positions and they may start taking profits. This act is the reason behind the downward gap we see on the last day of the pattern and also the close is considerably lower. A trend reversal has probably occurred. However, a confirmation will still be required on the next day.
Sell/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross below this level for confirmation.

The stop loss level is defined as the last high. 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 1/1/2017
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 232150.0066.6716.674.0012.67
JapanNAGOYA 32266.67100.007.500.007.50
MexicoBMV 1812966.6775.007.751.006.75
BelgiumBRUSSELS 127558.3371.437.000.576.43
MalaysiaBURSA 1611668.7554.556.640.825.82
ThailandSET 158653.3375.005.630.385.25
SpainIBEX 54380.0075.
Poland GPW 118672.7375.005.130.504.63
RussiaMICEX 111100.00100.
BangladeshDSE 148657.1475.003.750.253.50
ChinaSSE 85512660.0050.984.781.353.43
SwedenSTOCKHOLM 35251671.4364.003.520.523.00
South KoreaKOSDAQ 43311972.0961.
FrancePARIS 110633457.2753.973.100.512.59
Hong KongHKEX 34241270.5950.004.251.672.58
ChinaSZSE 126663352.3850.003.911.422.48
USOTC PINK 78512666.6750.004.171.832.35
SingaporeSGX 83137.5033.332.670.332.33
Saudi ArabiaTADAWUL 139769.2377.782.440.112.33
NetherlandsAMSTERDAM 2815553.5733.332.930.872.07
USWARRANTS 111100.00100.
ChileBCS 111100.00100.
JordanASE 111100.00100.
NorwayOSE 42150.0050.002.500.502.00
USNASDAQ 1891165661.3848.282.771.181.59
AustraliaASX 34201458.8270.001.950.451.50
USAMEX 3224875.0033.332.501.001.50
CanadaTSX 128855266.4161.181.960.491.47
USPREFERRED 38211055.2647.621.710.291.43
The World 3004196197265.3849.492.230.891.34
USNYSE 37423711063.3746.412.050.751.30
GermanyXETRA 150984765.3347.962.000.701.30
PhilippinesPSE 783114.2937.502.251.131.13
SwitzerlandSIX 56411973.2146.341.730.661.07
UAEUAE 111100.00100.
South KoreaKRX 74551974.3234.551.670.671.00
JapanTOKYO 111100.00100.
Hong KongHKEX 111100.00100.
ChinaSSE 222100.00100.
ArgentinaBUE 32266.67100.
JapanTOKYO 2301679072.6153.891.960.960.99
RussiaMICEX 1711564.7145.451.360.450.91
TaiwanTWSE 39281571.7953.571.931.140.79
UKLSE 1401054675.7143.401.731.020.71
Vietnam HOSE 62233.33100.000.500.000.50
KuwaitKSE 221100.0050.001.000.500.50
SingaporeSGX 32266.67100.000.500.000.50
TaiwanGTSM 42150.0050.001.000.500.50
ItalyBORSA 109743168.8141.331.290.970.32
IndiaNSE 773100.0042.862.141.860.29
IndiaBSE 2112857.1466.671.421.170.25
Vietnam HOSE 1000.
TaiwanGTSM 1000.
MalaysiaBURSA 1000.
PakistanKSE 1000.
EgyptEGX 1000.
SwitzerlandSIX 110100.
ChileBCS 1000.
AustraliaASX 1000.
DenmarkCOPENHAGEN 110100.
DenmarkCOPENHAGEN 51020.
IsraelTASE 1000.
IndonesiaIDX 21050.
JapanFUKUOKA 1000.
TurkeyBIST 86475.0066.671.501.67-0.17
UAEUAE 442100.0050.000.751.25-0.50
Greece ATHENS 43175.0033.330.331.00-0.67
BrazilBOVESPA 2517668.0035.290.471.41-0.94
UKLSE 21050.
QatarQE 32066.670.000.001.00-1.00
Austria WIENERBORSE 118172.7312.500.631.63-1.00
ArgentinaBUE 74057.
IsraelTASE 126250.0033.330.172.17-2.00
BrazilBOVESPA 21050.
PortugalLISBON 21050.
IndonesiaIDX 105050.
CanadaTSX-V 65283.3340.000.804.00-3.20
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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