BULLISH DESCENT BLOCK
The chart showing Series 1 series.
To evaluate the performance of the pattern in your stock exchange within the context of other global markets, please refer to the table below. Locate your stock market to see its ranking among others. This will provide insights into the pattern’s strength and reliability, aiding you in your buying and selling decisions.
BULLISH DESCENT BLOCK
Definition
This pattern consists of three consecutive black candlesticks, each closing lower than the previous one in a downtrend. It is the counterpart of the Bearish Advanced Block Pattern.
Recognition Criteria
1. The market is currently defined by a dominant downward trend.
2. A black candlestick appears on the first day.
3. The following two days feature black candlesticks, each closing lower than the previous day’s close, and opening within the range of the previous day’s body.
4. The last two days have long lower shadows.
Pattern Requirements and Flexibility
The first candlestick of a Bullish Descent Block should be a normal or long black candlestick. The following consecutive black candlesticks must open within the range of the previous day’s body and close below the previous day’s close. The bodies of the three black candlesticks should progressively get shorter, while the lower shadows should become longer.
Trader’s Behavior
A strong black candlestick is followed by another black candlestick that closes below the previous close. With two consecutive black candlesticks, the downtrend seems secure, attracting more bears. On the third day, another black candlestick closes below the previous day’s close. While the three black candlesticks suggest bearish dominance, there are signs of weakness. Firstly, the bodies get progressively shorter, indicating increasing indecision. Secondly, each day opens within the range of the previous day’s body. Thirdly, the lower shadows are getting longer. Although the second and third days close lower, the distance between the closes is narrowing. This suggests the downtrend is losing momentum, and short traders should exercise caution.
Buy/Stop-Loss Levels
The confirmation level is determined as the midpoint of the last black candlestick’s body. Prices need to rise above this level for confirmation.

The stop-loss level is set at the lower of the last two lows. After a BUY signal, the stop-loss is triggered if prices decline instead of rising and either close below the stop-loss level or record two consecutive daily lows below it, without any bearish pattern being detected.
Title
Pattern Performance in Stock Exchanges since 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
MalaysiaBURSA MALAYSIA 91503254.9564.007.051.265.79
DenmarkOMX COPENHAGEN 61351957.3854.295.821.104.72
ArgentinaBCBA 168965658.9356.575.931.244.69
UAEDFM-ADX 2312952.1775.004.720.174.55
USNASDAQ 2022111758056.3350.926.031.794.24
IndiaBSE 2759151283356.3253.605.311.194.12
QatarQE 27141155.5673.334.440.384.07
PakistanPSX 2371276354.8548.465.301.373.93
IsraelTASE 50828416457.2856.364.780.893.89
NorwayOSE 144692949.3140.855.221.333.89
IndonesiaIDX 31317710057.1955.875.151.293.87
South KoreaKOSDAQ 114264234357.5352.214.991.253.73
USOTC MARKETS 55127312851.3645.236.923.203.71
Greece ATHEX 51302260.7870.974.150.483.67
TurkeyBIST 88952729460.4054.754.701.153.55
Hong KongHKEX 76138219351.6449.114.991.673.32
ThailandSET 119633953.7860.944.331.043.29
SwedenOMX STOCKHOLM 72240520358.1748.334.851.623.23
IndiaNSE 2721156683958.8052.444.211.173.04
UKLSE 80845524357.6752.153.941.102.85
TaiwanTPEx 40422611456.1950.223.801.052.75
EgyptEGX 159894157.2345.053.821.082.74
South KoreaKRX 75242422357.4551.623.781.062.72
ChinaSZSE 1741105354461.6950.653.871.162.72
SpainBME 60321753.3353.133.761.212.55
BelgiumBRUSSELS 42291778.5751.523.070.542.53
ChinaSSE 166999951261.5349.853.411.112.30
TaiwanTWSE 55432417758.8454.293.080.802.28
BrazilBOVESPA 70737819654.4650.913.100.822.28
SwitzerlandSIX 123603748.7861.672.590.462.14
USNYSE 154688946359.2550.553.121.042.08
KuwaitBOURSA KUWAIT 35241571.4360.002.560.482.08
PhilippinesPSE 70372154.2955.262.610.691.92
Poland GPW 2091226060.2947.622.951.131.82
JapanTSE 130179738764.0346.462.780.991.79
Vietnam HNX 31201364.5265.003.641.871.76
ItalyMILAN 2661528159.0251.592.500.811.69
USAMEX 205933347.8033.673.221.541.68
BangladeshDSE 203964048.2840.823.181.511.67
FrancePARIS 2961658457.4349.412.711.091.61
AustraliaASX 2901719361.3852.253.021.401.61
CanadaTSX 34722412167.1551.932.530.951.58
Saudi ArabiaTADAWUL 2101206758.1054.922.000.761.24
Vietnam HOSE 138793659.4243.902.351.161.19
GermanyXETRA 43226913964.3550.002.140.961.18
CanadaTSXV 66311646.9751.613.792.781.02
NetherlandsAMSTERDAM 66432166.6747.731.480.850.64
ChileBCS 55301458.1843.752.071.450.62
Austria WIENERBÖRSE 3117864.5240.001.831.270.56
CanadaCSE 2212554.5541.672.652.120.52
SingaporeSGX 3115451.6125.001.661.340.31
PortugalLISBON 84250.0050.000.650.410.24
MexicoBMV 85502062.3537.741.251.56-0.31
Patterns Total: The number of occurrences of this particular pattern during the specified period.
Confirmed Total: The number of detected patterns that were confirmed and converted into signals.
Profitable Signals: The number of confirmed patterns that resulted in profitable trades.
Confirmation %: The percentage of confirmed patterns relative to the total occurrences of this pattern.
Profitable Signal %: The percentage of successful confirmed patterns relative to the total confirmed patterns.
Per Trade Profit %: Total Profits divided by Total Trades.
Per Trade Loss %: Total Losses divided by Total Trades.
Per Trade Net%: (Total Profits minus Total Losses) divided by the Total Number of Trades.
Samples: Live sample ticker symbols from stock exchanges, with links to the related bulls.com© family websites’ stock pages.

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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