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 1/1/2019
Stock Exchange 
Per Trade 
Total Net% Descending
BelgiumBRUSSELS 64366.6775.0011.500.5011.00
CanadaCSE 442100.0050.
MexicoBMV 16111068.7590.917.270.097.18
MalaysiaBURSA 1610562.5050.007.200.406.80
ThailandSET 157546.6771.436.290.435.86
SpainIBEX 86575.0083.335.500.175.33
Poland GPW 95455.5680.005.400.205.20
PortugalLISBON 111100.00100.
Saudi ArabiaTADAWUL 1510966.6790.004.900.104.80
BangladeshDSE 76585.7183.334.330.174.17
RussiaMICEX 111100.00100.
NetherlandsAMSTERDAM 33191157.5857.894.210.683.53
SingaporeSGX 42150.0050.004.000.503.50
BrazilBOVESPA 30221473.3363.644.821.413.41
SwedenSTOCKHOLM 35231365.7156.523.570.523.04
PakistanKSE 21150.00100.
TaiwanGTSM 109690.0066.673.890.893.00
Hong KongHKEX 38241263.1650.004.001.382.63
ChinaSZSE 125683754.4054.413.711.092.62
TaiwanTWSE 38261368.4250.003.581.002.58
USOTC PINK 66421963.6445.243.931.482.45
ChinaSSE 85552464.7143.643.761.582.18
FrancePARIS 109653259.6349.232.720.692.03
NorwayOSE 65383.3360.002.400.402.00
South KoreaKOSDAQ 40271667.5059.
SwitzerlandSIX 50371574.0040.542.810.971.84
IndiaNSE 552100.0040.002.600.801.80
USNYSE 36822811262.5048.702.330.611.72
JapanNAGOYA 332100.0066.671.670.001.67
ArgentinaBUE 126350.0050.003.501.831.67
PhilippinesPSE 76285.7133.332.831.331.50
JapanTOKYO 2581879972.4852.942.390.891.49
UKLSE 1451064973.1046.232.310.921.40
The World 3137203699764.9748.922.280.891.39
USNASDAQ 1751175366.8645.302.591.211.38
USAMEX 55351263.6434.292.200.861.34
CanadaTSX 109633257.8050.791.750.751.00
ChinaSSE 222100.00100.
AustraliaASX 36201155.5655.002.751.751.00
ArgentinaBUE 32266.67100.
Hong KongHKEX 111100.00100.
JapanTOKYO 111100.00100.
UAEUAE 111100.00100.
UAEUAE 111100.00100.
USPREFERRED 37261370.2750.001.190.620.58
SingaporeSGX 32266.67100.000.500.000.50
South KoreaKRX 76592177.6335.591.050.560.49
IndiaBSE 159560.0055.561.220.890.33
GermanyXETRA 1711004858.4848.001.280.980.30
Vietnam HOSE 64366.6775.
Vietnam HNX 1000.
Vietnam HOSE 1000.
MalaysiaBURSA 21050.
PhilippinesPSE 1000.
TaiwanGTSM 1000.
SwedenSTOCKHOLM 110100.
ThailandSET 1000.
CanadaTSX-V 10102100.0020.
AustraliaASX 1000.
ChileBCS 1000.
ChileBCS 442100.0050.
SwitzerlandSIX 110100.
IsraelTASE 1000.
IndonesiaIDX 32066.670.
DenmarkCOPENHAGEN 110100.
IsraelTASE 148157.1412.500.500.63-0.13
ItalyBORSA 99542454.5544.440.830.98-0.15
RussiaMICEX 1710358.8230.000.500.90-0.40
TurkeyBIST 65483.3380.001.602.00-0.40
Greece ATHENS 65283.3340.000.400.80-0.40
DenmarkCOPENHAGEN 72028.570.000.000.50-0.50
QatarQE 31033.330.000.001.00-1.00
JordanASE 32166.6750.001.002.00-1.00
UKLSE 21050.
Austria WIENERBORSE 2720474.0720.000.451.50-1.05
BrazilBOVESPA 21050.
IndonesiaIDX 74157.1425.000.503.25-2.75
KuwaitKSE 331100.0033.330.333.33-3.00
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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