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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
MalaysiaBURSA 100553155.0056.366.721.345.38
NorwayOSE 155753748.3949.336.061.184.87
IsraelTASE 42223614456.6460.255.670.814.86
ArgentinaBUE 117714460.6861.975.651.114.54
Greece ATHENS 39272169.2377.784.810.354.46
Vietnam HNX 30211570.0071.436.021.674.35
ArgentinaBUE 1910752.6370.004.400.104.30
IndiaBSE 2347128871355.0955.145.491.214.28
TurkeyBIST 69641825360.0660.535.321.074.24
DenmarkCOPENHAGEN 73382052.0552.635.401.184.22
South KoreaKOSDAQ 104360231957.7252.995.301.244.06
USNASDAQ 1942108855056.2850.325.721.793.93
QatarQE 2514956.0064.294.420.523.90
IndonesiaIDX 3071849859.9353.265.091.363.73
USOTC PINK 50525312654.0646.156.392.683.71
UAEUAE 2111752.3863.643.900.403.50
UKLSE 76740222652.4156.224.531.033.50
ThailandSET 108583653.7062.074.541.093.45
Hong KongHKEX 68534417350.2250.294.931.643.29
IndiaNSE 2385141475859.4553.464.331.183.15
PhilippinesPSE 59322154.2465.633.510.453.06
PakistanKSE 27221381.4859.093.410.363.05
South KoreaKRX 74742622957.0353.764.071.063.00
KuwaitKSE 2213959.0969.233.710.842.87
TurkeyBIST 1312892.3166.673.080.252.83
The World 2867016462876758.1152.633.811.122.69
EgyptEGX 95452647.3757.783.670.992.67
TaiwanGTSM 38722711958.9152.193.580.992.59
ChinaSZSE 1665101053760.6653.173.761.192.57
USNYSE 147888849760.0855.973.410.952.46
TaiwanTWSE 51430816959.9254.873.230.802.44
BrazilBOVESPA 63733017751.8153.643.260.862.41
SwedenSTOCKHOLM 74342721157.4749.414.191.792.39
ChinaSSE 148190646561.1751.323.421.142.28
BelgiumBRUSSELS 46341973.9155.882.870.682.18
PakistanKSE 167814048.5049.383.411.262.14
USAMEX 173793045.6637.973.601.512.09
CanadaTSX 39825014362.8157.203.101.102.00
CanadaTSX-V 73352047.9557.144.682.691.99
SwitzerlandSIX 136714052.2156.342.600.611.98
JapanTOKYO 122077037463.1148.573.071.111.96
BangladeshDSE 2271194952.4241.183.381.491.89
ItalyBORSA 2751498054.1853.692.610.851.75
MexicoBMV 84532763.1050.943.071.411.66
GermanyXETRA 39025814266.1555.042.510.861.65
Vietnam HOSE 124713257.2645.073.071.471.59
FrancePARIS 3231859857.5952.692.550.961.59
FOREXFOREX 2115971.4360.001.530.001.53
AustraliaASX 2391438359.8358.042.761.241.52
Saudi ArabiaTADAWUL 157814451.5954.322.280.771.51
SpainIBEX 74411855.4143.902.601.231.37
Poland GPW 1801014756.1146.532.951.621.33
ChileBCS 68351851.4751.432.491.181.31
NetherlandsAMSTERDAM 74512368.9245.101.960.921.04
Austria WIENERBORSE 3220962.5045.002.541.511.03
IndonesiaIDX 553100.0060.001.200.201.00
BangladeshDSE 148557.1462.501.130.131.00
UKLSE 24141058.3371.430.860.070.79
ChinaSSE 1811661.1154.551.000.270.73
DenmarkCOPENHAGEN 2213459.0930.771.080.380.69
CanadaTSX 1713976.4769.230.770.080.69
ChileBCS 85562865.8850.001.000.390.61
PortugalLISBON 3220862.5040.000.850.250.60
Austria WIENERBORSE 2616561.5431.250.880.310.56
South KoreaKOSDAQ 38271571.0555.560.670.110.56
SpainIBEX 3118658.0633.330.830.280.56
GermanyXETRA 3017556.6729.410.820.290.53
FrancePARIS 3017556.6729.410.820.290.53
ItalyBORSA 3017556.6729.410.820.290.53
TaiwanGTSM 23161069.5762.500.690.190.50
NetherlandsAMSTERDAM 3318654.5533.330.780.280.50
IndiaNSE 27201174.0755.000.800.300.50
BelgiumBRUSSELS 3318654.5533.330.780.280.50
AustraliaASX 2616761.5443.750.500.000.50
PhilippinesPSE 39251664.1064.000.520.040.48
IsraelTASE 3113741.9453.850.770.310.46
Greece ATHENS 2918562.0727.780.780.330.44
Poland GPW 139469.2344.440.670.220.44
USFOREX 39231158.9747.830.610.170.43
UAEUAE 34211461.7666.670.620.190.43
MexicoBMV 44311870.4558.060.680.320.35
Vietnam HOSE 2012760.0058.330.500.170.33
SwedenSTOCKHOLM 2116876.1950.000.560.250.31
MalaysiaBURSA 54380.0075.000.250.000.25
ThailandSET 3216550.0031.250.380.130.25
JapanTOKYO 2114766.6750.000.430.290.14
Hong KongHKEX 129575.0055.560.330.220.11
NorwayOSE 1310476.9240.000.600.500.10
USWARRANTS 190052.630.000.000.000.00
USPREFERRED 1290053.490.000.000.000.00
USOTCBB 1000.000.000.000.000.00
RussiaMICEX 1290061.240.000.000.000.00
SwitzerlandSIX 2319582.6126.320.580.580.00
JapanNAGOYA 1000.000.000.000.000.00
SingaporeSGX 23201086.9650.000.050.10-0.05
BrazilBOVESPA 2318878.2644.440.440.50-0.06
RussiaMICEX 1815583.3333.330.600.80-0.20
SingaporeSGX 2813546.4338.460.941.39-0.44
PortugalLISBON 118272.7325.000.321.25-0.93
CanadaCSE 3019563.3326.322.473.42-0.95
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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