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 37151340.5486.6715.730.4015.33
JapanNAGOYA 21150.00100.0013.000.0013.00
EgyptEGX 75471.4380.0011.201.0010.20
ArgentinaBUE 1910952.6390.009.400.009.40
QatarQE 1110790.9170.007.100.406.70
IndonesiaIDX 64261940.6373.087.310.696.62
USAMEX 79322340.5171.888.753.385.38
ChinaSSE 109715165.1471.836.010.765.25
RussiaMICEX 46271858.7066.675.560.594.96
DenmarkCOPENHAGEN 21131061.9076.924.770.004.77
ChinaSZSE 1931338868.9166.175.220.614.61
IndiaNSE 70739425955.7365.745.280.714.58
NetherlandsAMSTERDAM 43241755.8170.834.670.294.38
IndiaBSE 94454632057.8458.615.361.024.34
Hong KongHKEX 2551357652.9456.305.371.044.33
South KoreaKOSDAQ 50828316755.9158.804.960.814.15
SwedenSTOCKHOLM 124623250.8150.794.730.714.02
BrazilBOVESPA 126634250.0066.674.650.703.95
UKLSE 34720014557.6472.504.380.553.84
USOTC PINK 183904649.7350.556.352.533.82
Austria WIENERBORSE 158653.3375.003.880.383.50
USNASDAQ 75143826358.3260.054.240.933.31
TurkeyBIST 173895951.4566.293.720.543.18
The World 96245437331556.5460.933.860.773.09
FrancePARIS 160936658.1370.973.680.613.06
South KoreaKRX 34220011958.7759.203.580.722.87
TaiwanTWSE 2461227249.5959.023.120.592.53
IsraelTASE 97633864.9560.323.621.162.46
CanadaTSX-V 139369.2333.335.893.442.44
CanadaTSX 2081237859.1363.412.860.612.25
GermanyXETRA 133784958.6562.823.120.912.21
USNYSE 88649329855.6460.452.750.552.20
TaiwanGTSM 149753950.3452.
BelgiumBRUSSELS 2111652.3854.552.360.362.00
SpainIBEX 52282153.8575.002.460.462.00
ItalyBORSA 150734048.6754.792.860.971.89
AustraliaASX 94502753.1954.002.840.961.88
Saudi ArabiaTADAWUL 51261650.9861.542.881.041.85
JapanTOKYO 38024713565.0054.662.691.031.66
MexicoBMV 38241463.1658.332.170.671.50
Greece ATHENS 2111752.3863.642.911.551.36
MalaysiaBURSA 3821955.2642.862.241.001.24
USAMEX 199747.3777.781.330.111.22
Austria WIENERBORSE 118272.7325.
SwitzerlandSIX 55341861.8252.941.090.500.59
USPREFERRED 62392462.9061.541.310.900.41
TurkeyBIST 773100.0042.860.860.570.29
FOREXFOREX 127458.3357.
CanadaCSE 2000.
SingaporeSGX 2010250.0020.000.600.600.00
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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