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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
EgyptEGX 147650.0085.7113.290.8612.43
JapanNAGOYA 21150.00100.0011.000.0011.00
CanadaTSX-V 28191567.8678.9510.951.219.74
ArgentinaBUE 158653.3375.005.500.135.38
USOTC PINK 3011447349.8348.678.373.055.32
NorwayOSE 68382355.8860.536.261.115.16
Hong KongHKEX 41222112153.6454.756.441.315.13
QatarQE 1715888.2453.335.670.734.93
DenmarkCOPENHAGEN 45251655.5664.005.560.724.84
Vietnam HNX 104340.0075.005.500.754.75
ThailandSET 75422756.0064.294.951.053.90
ArgentinaBUE 40211252.5057.144.620.953.67
South KoreaKOSDAQ 76543322656.6052.194.711.203.51
USAMEX 122583247.5455.174.951.573.38
IndonesiaIDX 137694050.3657.974.511.133.38
PakistanKSE 105552852.3850.914.441.073.36
MexicoBMV 70342448.5770.593.940.713.24
UKLSE 58029016750.0057.594.120.963.17
TurkeyBIST 33617810252.9857.303.930.883.05
KuwaitKSE 62133.3350.004.001.003.00
USNASDAQ 128876540159.3952.424.371.422.95
TaiwanTWSE 3651979453.9747.723.760.832.93
IsraelTASE 157955660.5158.954.111.342.77
FrancePARIS 2621387752.6755.803.510.752.76
CanadaTSX 38423214160.4260.783.751.002.75
IndiaNSE 144875638052.2150.263.931.262.67
TurkeyBIST 885100.0062.503.000.382.63
AustraliaASX 137834960.5859.043.470.952.52
IndiaBSE 145178739654.2450.323.911.422.49
NetherlandsAMSTERDAM 67321947.7659.382.940.472.47
RussiaMICEX 95633266.3250.793.350.942.41
South KoreaKRX 57030014952.6349.673.491.102.40
The World 173189802518256.6352.833.451.082.36
ChinaSSE 32220210662.7352.483.541.212.34
Austria WIENERBORSE 2113861.9061.542.920.692.23
Poland GPW 103552853.4050.913.951.782.16
Saudi ArabiaTADAWUL 79382348.1060.532.680.552.13
SwedenSTOCKHOLM 3201819656.5653.043.361.282.09
ChileBCS 77452958.4464.442.490.442.04
USNYSE 135980843259.4653.472.920.892.03
ChinaSZSE 51531815161.7547.483.511.512.00
BrazilBOVESPA 2301216352.6152.073.171.241.93
JapanTOKYO 83450726660.7952.473.001.161.84
SpainIBEX 72472765.2857.452.400.681.72
GermanyXETRA 2371266853.1653.972.670.981.68
BangladeshDSE 2451375355.9238.693.061.381.68
Greece ATHENS 28161057.1462.503.441.811.63
ItalyBORSA 2301246553.9152.422.440.981.47
DenmarkCOPENHAGEN 129375.0033.331.440.111.33
PhilippinesPSE 51321662.7550.002.130.811.31
PakistanKSE 118572.7362.501.500.381.13
ChileBCS 36241566.6762.501.210.171.04
Poland GPW 96466.6766.671.000.001.00
IndonesiaIDX 442100.0050.001.250.251.00
AustraliaASX 127558.3371.431.000.001.00
TaiwanGTSM 2441256251.2349.602.021.030.99
SwitzerlandSIX 97592960.8249.151.590.630.97
MexicoBMV 24161266.6775.001.190.250.94
Austria WIENERBORSE 1712470.5933.331.080.170.92
IsraelTASE 218538.1062.501.000.130.88
PortugalLISBON 2013465.0030.771.000.150.85
FrancePARIS 1913468.4230.771.000.150.85
SpainIBEX 2113461.9030.771.000.150.85
GermanyXETRA 1913468.4230.771.000.150.85
BelgiumBRUSSELS 1913468.4230.771.000.150.85
NetherlandsAMSTERDAM 1913468.4230.771.000.150.85
ItalyBORSA 1913468.4230.771.000.150.85
ChinaSSE 159560.0055.561.110.330.78
Greece ATHENS 1913468.4230.771.000.230.77
USPREFERRED 96512553.1349.021.430.710.73
SingaporeSGX 1910452.6340.001.100.400.70
USFOREX 2616961.5456.250.810.130.69
UKLSE 103230.0066.670.670.000.67
MalaysiaBURSA 74382051.3552.631.661.030.63
PhilippinesPSE 2113961.9069.230.620.000.62
Vietnam HOSE 57311254.3938.711.901.290.61
FOREXFOREX 107370.0042.860.570.000.57
SwedenSTOCKHOLM 129575.0055.560.780.220.56
South KoreaKOSDAQ 2718966.6750.000.720.170.56
IndiaNSE 24181075.0055.560.830.280.56
TaiwanGTSM 1711664.7154.550.820.270.55
UAEUAE 2514956.0064.290.710.210.50
NorwayOSE 75371.4360.000.400.000.40
BangladeshDSE 63150.0033.330.670.330.33
MalaysiaBURSA 54380.0075.000.250.000.25
SwitzerlandSIX 119281.8222.221.000.780.22
BrazilBOVESPA 11125109.0941.670.580.420.17
Vietnam HOSE 158453.3350.000.380.250.13
CanadaTSX 119681.8266.670.220.110.11
Hong KongHKEX 119581.8255.560.330.220.11
ThailandSET 1811361.1127.270.180.090.09
JordanASE 21150.00100.000.000.000.00
JapanFUKUOKA 1000.000.000.000.000.00
JapanTOKYO 137353.8542.860.140.140.00
USOTCBB 1000.000.000.000.000.00
SingaporeSGX 1211691.6754.550.000.000.00
RussiaMICEX 772100.0028.570.140.43-0.29
BelgiumBRUSSELS 2612646.1550.001.171.50-0.33
UAEUAE 97277.7828.570.431.86-1.43
PortugalLISBON 1311384.6227.270.452.09-1.64
CanadaCSE 155233.3340.000.802.80-2.00
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

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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