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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
IsraelTASE 21150.00100.0037.000.0037.00
SwedenSTOCKHOLM 333100.00100.0030.670.0030.67
USOTC PINK 138561.5462.5013.132.0011.13
PakistanKSE 111100.00100.0010.000.0010.00
IndiaBSE 107470.0057.149.431.008.43
USPREFERRED 111100.00100.008.000.008.00
Poland GPW 21150.00100.008.000.008.00
IndonesiaIDX 221100.0050.008.501.007.50
Greece ATHENS 111100.00100.007.000.007.00
DenmarkCOPENHAGEN 111100.00100.006.000.006.00
South KoreaKOSDAQ 107470.0057.149.574.145.43
GermanyXETRA 189750.0077.785.330.225.11
IndiaNSE 1612975.0075.005.420.425.00
ItalyBORSA 105450.0080.005.200.205.00
CanadaTSX 108680.0075.004.380.254.13
Vietnam HOSE 21150.00100.004.000.004.00
The World 41728016767.1559.644.000.963.04
EgyptEGX 32266.67100.003.000.003.00
USNYSE 45311568.8948.394.101.232.87
NetherlandsAMSTERDAM 222100.00100.002.500.002.50
USNASDAQ 40261765.0065.383.121.002.12
ChinaSSE 177441.1857.142.570.572.00
MalaysiaBURSA 222100.00100.002.000.002.00
South KoreaKRX 332100.0066.672.331.331.00
SwitzerlandSIX 111100.00100.001.000.001.00
UKLSE 1511573.3345.452.001.270.73
JapanTOKYO 43261160.4742.311.500.880.62
FrancePARIS 86475.0066.670.830.330.50
TaiwanTWSE 2000.000.000.000.000.00
PortugalLISBON 111100.00100.000.000.000.00
NorwayOSE 110100.000.000.000.000.00
NetherlandsAMSTERDAM 111100.00100.000.000.000.00
USAMEX 3000.000.000.000.000.00
FrancePARIS 111100.00100.000.000.000.00
SpainIBEX 1000.000.000.000.000.00
SpainIBEX 111100.00100.000.000.000.00
GermanyXETRA 111100.00100.000.000.000.00
BelgiumBRUSSELS 111100.00100.000.000.000.00
Austria WIENERBORSE 111100.00100.000.000.000.00
ArgentinaBUE 111100.00100.000.000.000.00
ChinaSSE 110100.000.000.000.000.00
MexicoBMV 1000.000.000.000.000.00
JapanTOKYO 110100.000.000.000.000.00
ItalyBORSA 111100.00100.000.000.000.00
Greece ATHENS 111100.00100.000.000.000.00
AustraliaASX 75371.4360.001.401.80-0.40
TaiwanGTSM 110100.000.000.001.00-1.00
IndonesiaIDX 110100.000.000.001.00-1.00
FOREXFOREX 110100.000.000.001.00-1.00
ChinaSZSE 1411378.5727.271.552.82-1.27
NorwayOSE 110100.000.000.002.00-2.00
SwitzerlandSIX 110100.000.000.002.00-2.00
BrazilBOVESPA 32066.670.000.002.50-2.50
Hong KongHKEX 42050.000.000.003.00-3.00
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 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.

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