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 buying decisions.
This pattern consists of three consecutive black candlesticks with consecutively lower closes in a downtrend. It is the compliment of the Bearish Advanced Block Pattern.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black candlestick appears on the first day.
3. The next two days are black candlesticks with each closing below the previous day’s close and having an opening in 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 get shorter, while the lower shadows get longer.
Trader’s Behavior
A strong black candlestick is followed by another black candlestick closing below the previous close. As two consecutive black candlesticks occur, the downtrend seems secure and the bears are content. The secure downtrend attracts more bears, and the third day is again a black candlestick that is closing below the previous day’s close. With three black candlesticks, it looks as though bears rule over the market; however there are signs of weaknesses. Firstly, the bodies get shorter and shorter, showing that indecision is increasing. Secondly, each day opens within the range of the previous day’s body. Thirdly, the lower shadows are getting longer. While the second and the third days are closing lower, the distance between closes are getting shorter. This means that the downtrend is losing strength and that short traders must be cautious.
Buy/Stop Loss Levels
The confirmation level is defined as the midpoint of the last black body. Prices should cross above this level for confirmation.

The stop loss level is defined as the lower of the last two lows. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered.
Pattern Performance in Stock Exchanges since 1/1/2014
Stock Exchange
Per Trade
Total Net%(Descending)
NorwayOSE 38161342.1181.2514.750.5614.19
JapanNAGOYA 21150.00100.0013.000.0013.00
EgyptEGX 554100.0080.0011.001.0010.00
ArgentinaBUE 1710958.8290.009.400.009.40
IndonesiaIDX 56231741.0773.917.520.746.78
QatarQE 1110790.9170.007.100.406.70
RussiaMICEX 42241757.1470.836.130.585.54
ChinaSSE 99685068.6973.536.250.755.50
USAMEX 75312241.3370.978.743.485.26
DenmarkCOPENHAGEN 21131061.9076.924.770.004.77
ChinaSZSE 1711258373.1066.405.340.624.72
IndiaNSE 68438025155.5666.055.410.714.70
NetherlandsAMSTERDAM 42231654.7669.574.830.304.52
IndiaBSE 90551830357.2458.495.341.044.30
Hong KongHKEX 2501357554.0055.565.341.134.21
South KoreaKOSDAQ 48827316055.9458.614.980.834.15
SwedenSTOCKHOLM 119613251.2652.464.740.694.05
UKLSE 33919514257.5272.824.470.533.94
BrazilBOVESPA 124614149.1967.214.410.593.82
USOTC PINK 173884350.8748.866.152.643.51
USNASDAQ 72041925158.1959.904.300.913.39
FrancePARIS 156896357.0570.793.780.563.21
Austria WIENERBORSE 147550.0071.433.570.433.14
The World 92305231318956.6760.963.870.783.09
South KoreaKRX 33419411658.0859.793.610.712.90
TurkeyBIST 155794950.9762.033.410.592.81
CanadaTSX-V 149364.2933.335.893.442.44
BelgiumBRUSSELS 2010650.0060.002.600.202.40
USNYSE 84046728655.6061.242.820.542.28
ItalyBORSA 139673948.2058.213.070.812.27
GermanyXETRA 129754658.1461.333.210.952.27
CanadaTSX 2021207759.4164.172.830.612.23
Saudi ArabiaTADAWUL 49241548.9862.503.331.132.21
TaiwanTWSE 2381186949.5858.472.810.612.20
TaiwanGTSM 142733751.4150.683.221.052.16
IsraelTASE 91593464.8457.633.321.242.08
SpainIBEX 51282154.9075.002.460.462.00
AustraliaASX 92502854.3556.002.900.961.94
JapanTOKYO 36123813065.9354.622.531.041.49
MalaysiaBURSA 3519854.2942.112.471.051.42
MexicoBMV 37231362.1656.522.130.741.39
Greece ATHENS 2111752.3863.642.911.551.36
USAMEX 188644.4475.001.380.131.25
Austria WIENERBORSE 108280.0025.
SwitzerlandSIX 52321761.5453.131.160.530.63
USPREFERRED 63402563.4962.501.300.880.43
TurkeyBIST 773100.0042.860.860.570.29
FOREXFOREX 127458.3357.
CanadaCSE 2000.
SingaporeSGX 199147.3711.110.560.67-0.11
JordanASE 43275.0066.670.000.33-0.33
UAEUAE 41025.
PortugalLISBON 86175.0016.670.331.67-1.33
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
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