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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
JapanNAGOYA 32266.67100.007.500.007.50
RussiaMICEX 111100.00100.
ChinaSSE 84462554.7654.355.171.263.91
ThailandSET 115445.4580.003.800.203.60
SpainIBEX 76485.7166.673.670.173.50
Hong KongHKEX 34271379.4148.154.741.303.44
USOTC PINK 74503267.5764.004.861.503.36
South KoreaKOSDAQ 31221470.9763.643.950.733.23
MexicoBMV 107670.0085.713.290.143.14
Saudi ArabiaTADAWUL 1511973.3381.823.000.092.91
ChinaSZSE 105593256.1954.243.851.052.80
SwedenSTOCKHOLM 34231667.6569.573.130.482.65
Poland GPW 139669.2366.672.780.562.22
TurkeyBIST 75471.4380.001.800.001.80
SingaporeSGX 84250.0050.
CanadaTSX 118784666.1058.972.240.511.73
USNASDAQ 1901216363.6852.072.731.061.67
DenmarkCOPENHAGEN 52140.0050.001.500.001.50
RussiaMICEX 1811661.1154.551.910.551.36
USPREFERRED 35231365.7156.521.570.221.35
FrancePARIS 117734462.3960.271.520.331.19
TaiwanGTSM 96466.6766.671.670.501.17
The World 2824186894666.1550.641.950.811.14
JapanTOKYO 2021448071.2955.561.970.881.09
MalaysiaBURSA 1612675.0050.001.830.751.08
IndiaBSE 2818864.2944.442.561.501.06
JapanTOKYO 111100.00100.
KuwaitKSE 221100.0050.
UAEUAE 111100.00100.
ArgentinaBUE 32266.67100.
ChinaSSE 222100.00100.
Hong KongHKEX 111100.00100.
USAMEX 3021870.0038.101.901.000.90
Austria WIENERBORSE 87287.5028.571.570.710.86
TaiwanTWSE 33231169.7047.831.700.870.83
SwitzerlandSIX 65452169.2346.671.420.600.82
USNYSE 38825511465.7244.711.600.800.80
GermanyXETRA 1621105367.9048.181.340.570.76
UAEUAE 332100.0066.671.000.330.67
BelgiumBRUSSELS 116454.5566.671.330.670.67
UKLSE 126884269.8447.731.640.990.65
IndonesiaIDX 105250.0040.002.401.800.60
AustraliaASX 31161151.6168.751.190.630.56
South KoreaKRX 79551769.6230.911.330.780.55
SingaporeSGX 32266.67100.000.500.000.50
NetherlandsAMSTERDAM 32201162.5055.000.950.600.35
BangladeshDSE 106360.0050.001.331.000.33
ItalyBORSA 114742664.9135.141.391.180.22
Vietnam HOSE 1000.
Vietnam HOSE 93233.3366.670.330.330.00
PortugalLISBON 54280.0050.001.501.500.00
TaiwanGTSM 1000.
EgyptEGX 1000.
PakistanKSE 1000.
SwitzerlandSIX 110100.
AustraliaASX 1000.
DenmarkCOPENHAGEN 110100.
Greece ATHENS 32166.6750.000.500.500.00
IndonesiaIDX 21050.
IsraelTASE 1000.
IndiaNSE 65383.3360.002.402.400.00
CanadaTSX-V 75371.4360.003.003.20-0.20
BrazilBOVESPA 3016653.3337.500.561.00-0.44
PhilippinesPSE 993100.0033.330.331.00-0.67
UKLSE 21050.
QatarQE 32066.670.000.001.00-1.00
PakistanKSE 331100.0033.330.331.33-1.00
ArgentinaBUE 43175.0033.330.001.67-1.67
Vietnam HNX 110100.
BrazilBOVESPA 21050.
IsraelTASE 105150.0020.000.203.00-2.80
NorwayOSE 73142.8633.330.333.33-3.00
JordanASE 32166.6750.001.004.50-3.50
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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