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
MexicoBMV 1510866.6780.008.480.597.89
BangladeshDSE 43375.00100.007.340.007.34
FOREXFOREX 111100.00100.
ThailandSET 138661.5475.006.760.186.57
BelgiumBRUSSELS 126250.0033.337.671.126.56
MalaysiaBURSA 1611668.7554.555.560.814.76
CanadaCSE 64266.6750.005.610.994.62
USOTC PINK 80472160.0043.755.801.684.12
SpainIBEX 106560.0083.334.210.104.11
RussiaMICEX 111100.00100.
PakistanKSE 21150.00100.
SwedenSTOCKHOLM 42251659.5264.003.770.862.91
CanadaTSX-V 76285.7133.337.744.892.85
NetherlandsAMSTERDAM 38231260.5352.173.710.992.71
USNASDAQ 25517910670.2059.223.881.212.67
TaiwanTWSE 47311965.9661.293.250.712.54
Saudi ArabiaTADAWUL 169756.2577.782.720.282.45
JordanASE 111100.00100.002.410.002.41
Hong KongHKEX 45341775.5650.003.651.422.23
NorwayOSE 118572.7362.502.590.452.13
USNYSE 47931417365.5555.102.740.692.04
SwitzerlandSIX 50371374.0035.
SingaporeSGX 74257.1450.002.440.422.02
FrancePARIS 132753456.8245.332.590.631.96
ChinaSZSE 143844258.7450.002.891.081.81
BrazilBOVESPA 56421976.7944.193.782.081.70
South KoreaKOSDAQ 52352067.3157.142.861.331.53
Hong KongHKEX 222100.00100.001.500.001.50
The World 39052535127766.0749.502.450.951.50
ChinaSSE 115723162.6143.062.821.341.48
JapanTOKYO 31622811972.1552.192.491.021.47
TaiwanGTSM 1615893.7553.332.451.021.42
South KoreaKRX 96763579.1746.052.000.601.41
PhilippinesPSE 86275.0033.332.921.591.33
UKLSE 2191618773.9753.702.130.881.25
AustraliaASX 51301658.8253.333.201.951.25
Austria WIENERBORSE 3926766.6726.922.641.421.22
USAMEX 75431657.3337.211.780.711.07
ChinaSSE 32266.67100.
ArgentinaBUE 32266.67100.
UAEUAE 111100.00100.
JapanTOKYO 111100.00100.
Poland GPW 119581.8255.561.900.920.98
GermanyXETRA 3172118466.5639.811.710.950.76
CanadaTSX 142914364.0847.251.651.120.53
SingaporeSGX 32266.67100.000.500.000.50
UAEUAE 332100.0066.670.660.300.36
DenmarkCOPENHAGEN 83137.5033.330.810.520.28
IsraelTASE 2214363.6421.430.950.680.27
ItalyBORSA 1421014371.1342.571.401.320.08
IndiaNSE 54280.0050.
Vietnam HNX 1000.
Vietnam HOSE 1000.
TaiwanGTSM 1000.
SwedenSTOCKHOLM 110100.
RussiaMICEX 150060.
PakistanKSE 2000.
ThailandSET 1000.
MalaysiaBURSA 21050.
PhilippinesPSE 1000.
ChileBCS 1000.
AustraliaASX 1000.
SwitzerlandSIX 110100.
DenmarkCOPENHAGEN 110100.
IndonesiaIDX 32066.670.
IsraelTASE 1000.
ChileBCS 65283.3340.000.830.88-0.05
IndiaBSE 2113661.9046.150.931.38-0.45
Greece ATHENS 54280.0050.000.440.92-0.47
Vietnam HOSE 107370.0042.860.601.25-0.65
TurkeyBIST 86575.0083.330.981.67-0.69
QatarQE 31033.330.000.000.73-0.73
UKLSE 21050.
ArgentinaBUE 2716559.2631.251.893.16-1.27
BrazilBOVESPA 21050.
KuwaitKSE 32166.6750.000.023.22-3.19
IndonesiaIDX 62033.330.000.004.69-4.69
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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