BULLISH DESCENT BLOCK
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.
BULLISH DESCENT BLOCK
Definition
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.
Title
Pattern Performance in Stock Exchanges since 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
EgyptEGX 443100.0075.0012.501.2511.25
ArgentinaBUE 169856.2588.899.780.009.78
NorwayOSE 36151241.6780.006.870.606.27
IndonesiaIDX 54201437.0470.007.000.856.15
ChinaSSE 90644671.1171.886.450.805.66
USAMEX 75302240.0073.339.033.505.53
ChinaSZSE 1671218272.4667.775.450.604.86
IndiaNSE 64035123454.8466.675.550.724.83
RussiaMICEX 37221559.4668.185.180.364.82
DenmarkCOPENHAGEN 21131061.9076.924.770.004.77
SwedenSTOCKHOLM 110542749.0950.005.330.694.65
South KoreaKOSDAQ 44824614955.1360.325.450.804.65
IndiaBSE 85950129558.3258.885.411.044.38
Hong KongHKEX 2361277253.8156.695.521.174.35
BrazilBOVESPA 117543546.1564.814.720.634.09
NetherlandsAMSTERDAM 41231556.1065.224.570.703.87
UKLSE 31617912956.6572.074.090.553.55
USOTC PINK 158824051.9048.785.952.683.27
FrancePARIS 147845757.1467.863.790.583.20
USNASDAQ 68739523057.5058.234.120.933.19
CanadaTSX-V 128366.6737.506.633.503.13
The World 87524911298256.1260.713.860.783.07
South KoreaKRX 31218210958.3359.893.640.692.95
TurkeyBIST 139704550.3664.293.440.562.89
BelgiumBRUSSELS 1910652.6360.002.600.202.40
CanadaTSX 1921147459.3864.912.940.562.38
AustraliaASX 86452852.3362.223.240.892.36
USNYSE 80744427255.0261.262.860.552.31
Austria WIENERBORSE 114236.3650.003.000.752.25
IsraelTASE 83553166.2756.363.551.312.24
GermanyXETRA 124714257.2659.153.140.972.17
TaiwanTWSE 2291136649.3458.412.710.622.09
ItalyBORSA 131653949.6260.002.860.782.08
TaiwanGTSM 135693551.1150.723.161.102.06
SpainIBEX 48262054.1776.922.500.462.04
Saudi ArabiaTADAWUL 43191044.1952.632.951.421.53
USAMEX 166437.5066.671.670.171.50
MexicoBMV 36221361.1159.092.230.731.50
MalaysiaBURSA 3419855.8842.112.471.051.42
Greece ATHENS 2011755.0063.642.911.551.36
QatarQE 87487.5057.141.860.571.29
JapanTOKYO 33521311363.5853.052.341.121.23
Austria WIENERBORSE 108280.0025.001.130.250.88
SwitzerlandSIX 47301663.8353.331.230.570.67
USPREFERRED 65402561.5462.501.380.880.50
TurkeyBIST 663100.0050.001.000.500.50
FOREXFOREX 116354.5550.000.330.170.17
JapanNAGOYA 1000.000.000.000.000.00
CanadaCSE 2000.000.000.000.000.00
SingaporeSGX 199147.3711.110.560.67-0.11
JordanASE 43275.0066.670.000.33-0.33
USWARRANTS 52040.000.000.001.00-1.00
UAEUAE 41025.000.000.001.00-1.00
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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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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