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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
FOREXFOREX 111100.00100.
RussiaMICEX 111100.00100.
PakistanKSE 21150.00100.
Hong KongHKEX 222100.00100.001.500.001.50
JapanTOKYO 111100.00100.
UAEUAE 111100.00100.
ArgentinaBUE 32266.67100.
ChinaSSE 222100.00100.
SingaporeSGX 32266.67100.000.500.000.50
The World 3564352265.800.940.020.000.02
ItalyBORSA 1110070.
IndiaNSE 400100.
IndiaBSE 200060.
IsraelTASE 160062.500.
IsraelTASE 1000.
IndonesiaIDX 60033.330.
IndonesiaIDX 32066.670.
Hong KongHKEX 390071.790.
Greece ATHENS 50080.
FrancePARIS 1260057.940.
SpainIBEX 80062.500.
DenmarkCOPENHAGEN 110100.
DenmarkCOPENHAGEN 60033.330.
GermanyXETRA 2790070.
ChinaSZSE 1390057.550.
ArgentinaBUE 230060.870.
ChileBCS 1000.
ChileBCS 60083.330.
SwitzerlandSIX 460076.
SwitzerlandSIX 110100.
CanadaTSX 1280060.
CanadaCSE 60066.670.
CanadaTSX-V 70085.710.
BrazilBOVESPA 490077.550.
BelgiumBRUSSELS 100060.
BangladeshDSE 40075.
AustraliaASX 1000.
AustraliaASX 480060.420.
Austria WIENERBORSE 370070.
Poland GPW 80087.500.
PakistanKSE 1000.
PhilippinesPSE 80075.
PhilippinesPSE 1000.
JordanASE 20050.
South KoreaKOSDAQ 480064.580.
South KoreaKRX 910079.
JapanTOKYO 2920072.600.
NorwayOSE 100070.
NetherlandsAMSTERDAM 310058.
MalaysiaBURSA 21050.
MalaysiaBURSA 150073.330.
MexicoBMV 150066.670.
UAEUAE 200100.
Saudi ArabiaTADAWUL 150053.330.
QatarQE 30033.330.
KuwaitKSE 30066.670.
Vietnam HOSE 80062.500.
Vietnam HNX 1000.
Vietnam HOSE 1000.
USOTC PINK 660059.
USNYSE 4480064.510.
USNASDAQ 2460071.
USAMEX 720055.560.
UKLSE 1940075.770.
TaiwanGTSM 1400100.
TaiwanTWSE 420066.670.
TaiwanGTSM 1000.
TurkeyBIST 80075.
ThailandSET 110054.550.
ThailandSET 1000.
SingaporeSGX 60050.
SwedenSTOCKHOLM 370056.760.
SwedenSTOCKHOLM 110100.
RussiaMICEX 170052.940.
ChinaSSE 1071061.680.000.000.02-0.02
UKLSE 21050.
BrazilBOVESPA 21050.
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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