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 443100.0075.0012.501.2511.25
ArgentinaBUE 1710958.8290.009.400.009.40
RussiaMICEX 40221655.0072.737.910.367.55
IndonesiaIDX 54211538.8971.437.520.816.71
ChinaSSE 93644668.8271.886.590.805.80
USAMEX 75312241.3370.978.743.485.26
ChinaSZSE 1691238372.7867.485.510.614.90
IndiaNSE 66136024154.4666.945.540.724.83
DenmarkCOPENHAGEN 21131061.9076.924.770.004.77
SwedenSTOCKHOLM 114563049.1253.575.410.664.75
NetherlandsAMSTERDAM 42231654.7669.574.830.304.52
South KoreaKOSDAQ 46725815555.2560.085.190.814.38
IndiaBSE 88150729857.5558.785.401.054.35
Hong KongHKEX 2431307453.5056.925.431.154.28
QatarQE 98588.8962.504.500.504.00
BrazilBOVESPA 123593947.9766.104.490.593.90
UKLSE 32418613657.4173.124.100.543.55
USOTC PINK 164854051.8347.066.092.613.48
USNASDAQ 69640624358.3359.854.240.933.31
FrancePARIS 149866057.7269.773.790.573.22
The World 89565053308856.4261.113.900.783.12
South KoreaKRX 31818511158.1860.003.620.692.94
TurkeyBIST 143744751.7563.513.470.612.86
CanadaTSX-V 139469.2344.445.893.112.78
BelgiumBRUSSELS 1910652.6360.002.600.202.40
USNYSE 80644427455.0961.712.890.552.35
CanadaTSX 1951167559.4964.662.900.552.34
GermanyXETRA 127744558.2760.813.220.962.26
Austria WIENERBORSE 114236.3650.003.000.752.25
TaiwanTWSE 2291136649.3458.412.790.622.17
AustraliaASX 89482853.9358.333.040.882.17
IsraelTASE 88573264.7756.143.421.282.14
TaiwanGTSM 138713651.4550.703.131.082.04
SpainIBEX 49272155.1077.782.480.442.04
Saudi ArabiaTADAWUL 45201144.4455.003.301.351.95
ItalyBORSA 135663848.8957.582.730.801.92
MexicoBMV 36221361.1159.092.230.731.50
JapanTOKYO 35222712464.4954.632.501.051.45
MalaysiaBURSA 3419855.8842.112.471.051.42
Greece ATHENS 2011755.0063.642.911.551.36
USAMEX 177541.1871.431.430.141.29
Austria WIENERBORSE 108280.0025.
SwitzerlandSIX 49321765.3153.131.160.530.63
USPREFERRED 63402563.4962.501.350.880.48
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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