BEARISH AFTER TOP GAP DOWN
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.
BEARISH AFTER TOP GAP DOWN
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
South KoreaKOSDAQ 43375.00100.0022.330.0022.33
IndonesiaIDX 111100.00100.0017.000.0017.00
SwedenSTOCKHOLM 222100.00100.0016.500.0016.50
Poland GPW 111100.00100.008.000.008.00
Greece ATHENS 111100.00100.007.000.007.00
ItalyBORSA 94344.4475.006.500.256.25
PakistanKSE 221100.0050.005.000.005.00
EgyptEGX 111100.00100.005.000.005.00
IndiaNSE 54480.00100.005.000.005.00
NetherlandsAMSTERDAM 111100.00100.004.000.004.00
Vietnam HOSE 111100.00100.004.000.004.00
IndiaBSE 87387.5042.864.291.143.14
USNASDAQ 25151160.0073.333.400.333.07
ChinaSSE 134330.7775.003.250.253.00
CanadaTSX 75371.4360.003.400.403.00
GermanyXETRA 168650.0075.003.250.253.00
The World 24916510466.2763.033.110.672.44
MalaysiaBURSA 222100.00100.002.000.002.00
FrancePARIS 53260.0066.671.670.331.33
USNYSE 28191067.8652.631.840.791.05
SwitzerlandSIX 111100.00100.001.000.001.00
JapanTOKYO 2614653.8542.861.211.000.21
ChinaSZSE 85262.5040.001.601.400.20
PortugalLISBON 111100.00100.000.000.000.00
USAMEX 1000.000.000.000.000.00
UKLSE 87387.5042.862.002.000.00
TaiwanTWSE 1000.000.000.000.000.00
NetherlandsAMSTERDAM 111100.00100.000.000.000.00
JapanTOKYO 110100.000.000.000.000.00
ItalyBORSA 111100.00100.000.000.000.00
MexicoBMV 1000.000.000.000.000.00
South KoreaKRX 221100.0050.002.002.000.00
Greece ATHENS 111100.00100.000.000.000.00
FrancePARIS 111100.00100.000.000.000.00
SpainIBEX 1000.000.000.000.000.00
SpainIBEX 111100.00100.000.000.000.00
DenmarkCOPENHAGEN 110100.000.000.000.000.00
BelgiumBRUSSELS 111100.00100.000.000.000.00
Austria WIENERBORSE 111100.00100.000.000.000.00
GermanyXETRA 111100.00100.000.000.000.00
FOREXFOREX 110100.000.000.001.00-1.00
USOTC PINK 73142.8633.330.331.33-1.00
AustraliaASX 64166.6725.000.752.25-1.50
NorwayOSE 110100.000.000.002.00-2.00
Hong KongHKEX 110100.000.000.002.00-2.00
SwitzerlandSIX 110100.000.000.002.00-2.00
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 bulls.com© family websites

Disclaimers:

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.