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
JapanNAGOYA 32266.67100.007.500.007.50
MexicoBMV 1411878.5772.738.001.096.91
BelgiumBRUSSELS 127558.3371.437.000.576.43
ThailandSET 137553.8571.436.430.146.29
MalaysiaBURSA 1511673.3354.556.640.825.82
Hong KongHKEX 31231374.1956.525.781.264.52
SpainIBEX 65483.3380.004.400.204.20
RussiaMICEX 111100.00100.
ChinaSSE 75452560.0055.565.161.403.76
BangladeshDSE 148657.1475.003.750.253.50
SwedenSTOCKHOLM 29201268.9760.003.900.553.35
South KoreaKOSDAQ 35251671.4364.
Poland GPW 107570.0071.433.430.572.86
FrancePARIS 101623561.3956.453.320.472.85
ChinaSZSE 107572953.2750.884.091.512.58
USOTC PINK 67462670.1555.324.662.172.49
Saudi ArabiaTADAWUL 139769.2377.782.440.112.33
NetherlandsAMSTERDAM 2615557.6933.332.930.872.07
Vietnam HNX 111100.00100.
USWARRANTS 111100.00100.
SingaporeSGX 94244.4450.
USPREFERRED 3018960.0050.001.890.281.61
USNYSE 36322710462.5345.812.370.801.57
CanadaTSX 115774666.9659.742.030.521.51
GermanyXETRA 132904668.1851.112.070.591.48
The World 2618174387766.6550.262.330.881.45
USNASDAQ 1811125562.4348.672.651.191.45
JapanTOKYO 1871347571.6655.972.040.781.26
PhilippinesPSE 783114.2937.502.251.131.13
South KoreaKRX 79582073.4234.481.780.741.03
RussiaMICEX 1610562.5050.001.500.501.00
JapanTOKYO 111100.00100.
UAEUAE 111100.00100.
NorwayOSE 32166.6750.002.501.501.00
ArgentinaBUE 32266.67100.
ChinaSSE 222100.00100.
Hong KongHKEX 111100.00100.
SwitzerlandSIX 53381771.7044.741.630.710.92
TaiwanTWSE 37261470.2753.852.001.120.88
UKLSE 118884074.5845.451.851.010.84
AustraliaASX 30191363.3368.421.260.470.79
Vietnam HOSE 62233.33100.000.500.000.50
KuwaitKSE 221100.0050.001.000.500.50
SingaporeSGX 32266.67100.000.500.000.50
TaiwanGTSM 32166.6750.001.000.500.50
USAMEX 2620776.9235.001.350.900.45
Austria WIENERBORSE 118272.7325.001.250.880.38
ItalyBORSA 95672770.5340.301.451.090.36
IndiaBSE 1912863.1666.671.421.170.25
Vietnam HOSE 1000.
PakistanKSE 1000.
MalaysiaBURSA 1000.
JapanFUKUOKA 1000.
EgyptEGX 1000.
TaiwanGTSM 1000.
DenmarkCOPENHAGEN 110100.
DenmarkCOPENHAGEN 41025.
SwitzerlandSIX 110100.
ChileBCS 1000.
AustraliaASX 1000.
IsraelTASE 1000.
IndonesiaIDX 21050.
Greece ATHENS 32166.6750.000.500.500.00
TurkeyBIST 86475.0066.671.501.67-0.17
IndiaNSE 552100.0040.002.402.60-0.20
UAEUAE 442100.0050.000.751.25-0.50
BrazilBOVESPA 2317673.9135.290.471.41-0.94
UKLSE 21050.
QatarQE 32066.670.000.001.00-1.00
CanadaTSX-V 553100.0060.002.003.20-1.20
ArgentinaBUE 54080.
IsraelTASE 116254.5533.330.172.17-2.00
BrazilBOVESPA 21050.
IndonesiaIDX 84050.
PortugalLISBON 21050.
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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