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 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 332100.0066.6712.330.3312.00
MexicoBMV 158753.3387.509.630.139.50
BelgiumBRUSSELS 106560.0083.338.000.337.67
JapanNAGOYA 221100.0050.007.500.007.50
MalaysiaBURSA 1710558.8250.007.200.406.80
PakistanKSE 111100.00100.
SpainIBEX 65483.3380.005.400.205.20
ThailandSET 148557.1462.505.380.504.88
Poland GPW 96566.6783.335.000.174.83
SwedenSTOCKHOLM 28171060.7158.825.000.594.41
BangladeshDSE 107670.0085.714.430.144.29
Saudi ArabiaTADAWUL 1410871.4380.004.300.204.10
RussiaMICEX 111100.00100.
SingaporeSGX 62133.3350.004.000.503.50
USOTC PINK 76462260.5347.834.981.633.35
CanadaTSX-V 87287.5028.577.294.003.29
South KoreaKOSDAQ 43322074.4262.504.191.133.06
PakistanKSE 21150.00100.
ChinaSZSE 127724056.6955.563.810.922.89
NetherlandsAMSTERDAM 35201257.1460.003.450.652.80
BrazilBOVESPA 30221273.3354.554.411.732.68
TaiwanTWSE 34261276.4746.153.460.882.58
FrancePARIS 113623354.8753.232.850.582.27
ChinaSSE 82522263.4142.313.751.602.15
Hong KongHKEX 42301571.4350.003.731.732.00
USNYSE 38924311362.9846.122.070.641.42
USAMEX 3727872.9729.632.220.931.30
The World 3223208599464.7547.632.110.911.20
CanadaTSX 121714158.6857.751.700.611.10
KuwaitKSE 221100.0050.
UAEUAE 111100.00100.
JapanTOKYO 111100.00100.
Hong KongHKEX 111100.00100.
UAEUAE 21150.00100.
ArgentinaBUE 32266.67100.
ChinaSSE 222100.00100.
PhilippinesPSE 98388.8937.502.131.250.88
JapanTOKYO 28220910874.1151.671.891.030.86
AustraliaASX 38211155.2652.381.710.860.86
USNASDAQ 1901084456.8440.742.121.450.67
TaiwanGTSM 96466.6766.672.001.330.67
UKLSE 1511094472.1940.371.600.940.65
SwitzerlandSIX 55451881.8240.001.310.800.51
Vietnam HOSE 62233.33100.000.500.000.50
USPREFERRED 41241158.5445.831.000.500.50
SingaporeSGX 32266.67100.000.500.000.50
South KoreaKRX 75551873.3332.731.130.670.45
RussiaMICEX 2111552.3845.450.910.450.45
GermanyXETRA 1731034559.5443.691.160.770.39
Vietnam HOSE 1000.
PhilippinesPSE 1000.
MalaysiaBURSA 21050.
EgyptEGX 1000.
ThailandSET 1000.
TaiwanGTSM 1000.
SwedenSTOCKHOLM 110100.
AustraliaASX 1000.
ChileBCS 1000.
SwitzerlandSIX 110100.
IsraelTASE 1000.
IndonesiaIDX 32066.670.
DenmarkCOPENHAGEN 110100.
DenmarkCOPENHAGEN 61016.670.
ItalyBORSA 116773166.3840.260.701.00-0.30
IndiaBSE 2011755.0063.641.181.55-0.36
ChileBCS 331100.0033.330.671.33-0.67
Greece ATHENS 54180.0025.000.251.00-0.75
NorwayOSE 85262.5040.001.001.80-0.80
IsraelTASE 1611368.7527.270.451.45-1.00
IndiaNSE 993100.0033.331.672.67-1.00
UKLSE 21050.
QatarQE 32066.670.000.001.00-1.00
Austria WIENERBORSE 2114266.6714.290.361.50-1.14
TurkeyBIST 65383.3360.000.202.00-1.80
BrazilBOVESPA 21050.
IndonesiaIDX 95155.5620.000.402.60-2.20
ArgentinaBUE 96166.6716.670.172.50-2.33
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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