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 white candlesticks. The market signals a top reversal with the change in the color at the fourth candlestick. The next day gaps lower and makes a strong downward move, confirming the reversal.
Recognition Criteria
1. The pattern begins with a white candlestick.
2. The next two days are also white days, and each one closes higher than the previous day’s close.
3. The third day gaps up and opens above the close of the second day.
4. The fourth day is black.
4. The fifth day is a strong black with an open forming a gap below the previous day’s close.
Pattern Requirements and Flexibility
The first three days of the Bullish After Top Gap Down are strong white candlesticks with consecutive higher opens and higher closes. The third white should gap up. The fourth day is a black candlestick that opens lower and covers the gap. The fifth day is a strong black candlestick that makes a body gap with the fourth day. There are no short candlesticks in this pattern
Trader’s Behavior
The first two white days and the gapping up third white day create a market with an extended bullishness. The fourth day is a strong black day that shows that there might be some weakness finally in the uptrend. The fifth day gaps down and closes near its lows creating a strong black candlestick. It now appears that the market overextended itself to the upside and a reversal of the prior trend has begun.
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 higher of the last two highs. 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
SwedenSTOCKHOLM 111100.00100.0058.950.0058.95
ThailandSET 32266.67100.0013.680.0013.68
IsraelTASE 43375.00100.0013.410.0013.41
TurkeyBIST 32266.67100.007.750.007.75
IndonesiaIDX 221100.0050.008.340.897.45
Poland GPW 21150.00100.007.380.007.38
DenmarkCOPENHAGEN 111100.00100.006.470.006.47
CanadaTSX 75471.4380.006.020.485.55
USOTC PINK 1510766.6770.006.881.455.44
BrazilBOVESPA 111100.00100.
South KoreaKOSDAQ 148557.1462.508.433.684.75
Hong KongHKEX 95455.5680.004.170.323.85
ItalyBORSA 119781.8277.783.820.293.53
GermanyXETRA 2213959.0969.233.980.503.48
AustraliaASX 43375.00100.002.860.002.86
USNYSE 71513071.8358.823.540.792.75
USNASDAQ 63432868.2565.124.461.732.73
IndiaNSE 22161272.7375.002.950.402.55
IndiaBSE 1815983.3360.003.390.862.53
The World 55838824069.5361.863.280.952.33
SwitzerlandSIX 53160.0033.332.460.142.32
UKLSE 1713576.4738.463.020.802.22
MalaysiaBURSA 111100.00100.
ChinaSSE 2113761.9053.852.610.731.88
ChileBCS 111100.00100.001.400.001.40
South KoreaKRX 129675.0066.672.411.081.33
TaiwanTWSE 52240.00100.001.300.001.30
SwitzerlandSIX 111100.00100.
JapanTOKYO 32211165.6352.381.630.770.86
EgyptEGX 111100.00100.000.660.000.66
USAMEX 32166.6750.000.550.120.44
CanadaCSE 111100.00100.
TaiwanGTSM 331100.0033.332.732.620.11
NetherlandsAMSTERDAM 52140.0050.000.300.190.10
FrancePARIS 111100.00100.
SpainIBEX 1000.
SpainIBEX 111100.00100.
GermanyXETRA 111100.00100.
JapanTOKYO 110100.
ItalyBORSA 111100.00100.
Greece ATHENS 111100.00100.
Austria WIENERBORSE 111100.00100.
ArgentinaBUE 111100.00100.
BelgiumBRUSSELS 111100.00100.
ChinaSSE 110100.
RussiaMICEX 1000.
PortugalLISBON 1000.
PortugalLISBON 111100.00100.
MexicoBMV 1000.
MexicoBMV 1000.
Saudi ArabiaTADAWUL 2000.
NorwayOSE 110100.
NetherlandsAMSTERDAM 111100.00100.
FrancePARIS 85362.5060.000.370.52-0.14
ChinaSZSE 2517668.0035.291.452.18-0.73
Vietnam HOSE 63150.0033.331.322.31-0.99
IndonesiaIDX 110100.
BangladeshDSE 110100.
NorwayOSE 21050.
BrazilBOVESPA 52040.
ArgentinaBUE 331100.0033.330.604.80-4.20
PakistanKSE 21050.000.000.0010.91-10.91
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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