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 40181645.0088.8914.390.3314.06
JapanNAGOYA 21150.00100.0013.000.0013.00
EgyptEGX 95455.5680.0011.801.0010.80
ArgentinaBUE 20111055.0090.919.730.009.73
QatarQE 98688.8975.008.750.388.38
IndonesiaIDX 69282040.5871.437.000.546.46
Vietnam HNX 43275.0066.677.331.006.33
PakistanKSE 70402657.1465.006.450.685.78
RussiaMICEX 46272058.7074.075.740.485.26
USOTC PINK 160774048.1351.957.862.655.21
NetherlandsAMSTERDAM 40241860.0075.
ChinaSSE 94634267.0266.675.791.064.73
Hong KongHKEX 2421327454.5556.065.721.054.67
ChinaSZSE 1791177865.3666.674.910.604.31
USAMEX 71292040.8568.977.242.974.28
Austria WIENERBORSE 147650.0085.714.430.294.14
Poland GPW 21150.00100.
USNASDAQ 68540524259.1259.754.890.913.98
IndiaNSE 68737824555.0264.814.710.743.97
ThailandSET 54282051.8571.434.640.753.89
TurkeyBIST 179976254.1963.924.320.603.72
IndiaBSE 90853330858.7057.794.741.093.65
BrazilBOVESPA 120654454.1767.694.180.683.51
SwedenSTOCKHOLM 128663651.5654.554.521.023.50
South KoreaKOSDAQ 47027015757.4558.154.280.813.47
DenmarkCOPENHAGEN 1812866.6766.673.580.173.42
UKLSE 32017512554.6971.433.910.513.39
Poland GPW 74432358.1153.494.371.233.14
BangladeshDSE 101613760.4060.664.020.933.08
The World 96835539335557.2060.573.730.772.95
FrancePARIS 148855857.4368.243.480.582.91
South KoreaKRX 32918810757.1456.913.570.772.80
ChileBCS 46302365.2276.672.930.202.73
TaiwanTWSE 2241126650.0058.933.180.732.45
Saudi ArabiaTADAWUL 47241551.0662.503.290.882.42
SpainIBEX 48282258.3378.572.640.292.36
CanadaTSX 1981167258.5962.072.900.572.33
ItalyBORSA 144794454.8655.703.200.922.28
AustraliaASX 92492753.2655.103.180.982.20
IsraelTASE 100633963.0061.903.241.172.06
USNYSE 82646827556.6658.762.660.632.04
JapanTOKYO 38624913964.5155.822.950.932.02
IsraelTASE 83237.5066.671.670.001.67
Vietnam HOSE 146542.8683.331.830.171.67
GermanyXETRA 117653555.5653.852.711.091.62
Greece ATHENS 1810655.5660.003.201.701.50
MalaysiaBURSA 41211151.2252.382.621.141.48
MexicoBMV 36211258.3357.142.190.711.48
PhilippinesPSE 39231258.9752.172.260.831.43
CanadaTSX-V 127258.3328.574.002.571.43
BelgiumBRUSSELS 145235.7140.002.200.801.40
ArgentinaBUE 125441.6780.001.600.201.40
IndiaNSE 1510766.6770.001.500.301.20
ChinaSSE 105350.0060.001.600.401.20
PhilippinesPSE 106660.00100.
Austria WIENERBORSE 107270.0028.571.290.141.14
Greece ATHENS 107270.0028.571.290.141.14
PortugalLISBON 137253.8528.571.290.141.14
USFOREX 1610762.5070.
NetherlandsAMSTERDAM 128266.6725.
South KoreaKOSDAQ 1812766.6758.331.080.081.00
IndonesiaIDX 54280.0050.
ItalyBORSA 128266.6725.
GermanyXETRA 128266.6725.
DenmarkCOPENHAGEN 65283.3340.
FrancePARIS 128266.6725.
BangladeshDSE 32166.6750.
BelgiumBRUSSELS 128266.6725.
SwedenSTOCKHOLM 74257.1450.
MexicoBMV 1411878.5772.731.090.180.91
SwitzerlandSIX 52342265.3864.711.150.350.79
UAEUAE 2210745.4570.000.900.200.70
TaiwanGTSM 135703551.8550.001.660.970.69
SpainIBEX 149264.2922.221.000.330.67
ChileBCS 1610662.5060.000.700.100.60
UKLSE 42150.0050.000.500.000.50
MalaysiaBURSA 222100.00100.000.500.000.50
NorwayOSE 54380.0075.000.500.000.50
AustraliaASX 102220.00100.000.500.000.50
USPREFERRED 51322062.7562.501.471.060.41
FOREXFOREX 96466.6766.670.330.000.33
PakistanKSE 73142.8633.331.000.670.33
CanadaTSX 109590.0055.560.330.110.22
Vietnam HOSE 146342.8650.000.500.330.17
Hong KongHKEX 96466.6766.670.500.330.17
SingaporeSGX 189250.0022.220.670.560.11
SingaporeSGX 109590.0055.560.110.000.11
JapanFUKUOKA 1000.
UAEUAE 2000.
KuwaitKSE 1000.
CanadaCSE 2000.
ThailandSET 94244.4450.
BrazilBOVESPA 119381.8233.330.220.33-0.11
TaiwanGTSM 108380.0037.500.250.38-0.13
PeruBVL 1411578.5745.450.270.45-0.18
RussiaMICEX 552100.0040.000.200.40-0.20
JapanTOKYO 83137.5033.330.000.33-0.33
JordanASE 53260.0066.670.000.33-0.33
TurkeyBIST 441100.0025.000.000.75-0.75
SwitzerlandSIX 551100.0020.000.401.20-0.80
USWARRANTS 31033.330.000.001.00-1.00
PortugalLISBON 75171.4320.000.401.80-1.40
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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