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 1/1/2019
Stock Exchange 
Per Trade 
Total Net% Descending
ArgentinaBUE 179652.9466.674.890.114.78
PakistanKSE 23191382.6168.423.950.213.74
TurkeyBIST 1312892.3166.673.080.252.83
BangladeshDSE 126450.0066.671.170.171.00
IndonesiaIDX 553100.0060.
DenmarkCOPENHAGEN 1711464.7136.361.270.360.91
FOREXFOREX 1711764.7163.640.910.000.91
Poland GPW 117463.6457.140.860.000.86
UKLSE 2212954.5575.000.920.080.83
ChinaSSE 1710658.8260.001.100.300.80
ChileBCS 70452464.2953.331.090.290.80
CanadaTSX 1612875.0066.670.670.080.58
IndiaNSE 26191173.0857.890.840.260.58
Austria WIENERBORSE 2316569.5731.250.880.310.56
PortugalLISBON 2718666.6733.330.830.280.56
SpainIBEX 2818664.2933.330.830.280.56
IsraelTASE 2711640.7454.550.820.270.55
South KoreaKOSDAQ 35241468.5758.330.670.130.54
BelgiumBRUSSELS 2817560.7129.410.820.290.53
GermanyXETRA 2717562.9629.410.820.290.53
FrancePARIS 2717562.9629.410.820.290.53
NetherlandsAMSTERDAM 2817560.7129.410.820.290.53
ItalyBORSA 2717562.9629.410.820.290.53
UAEUAE 31191361.2968.420.680.160.53
USFOREX 38221157.8950.000.640.140.50
AustraliaASX 2216772.7343.750.500.000.50
PhilippinesPSE 36221561.1168.180.550.050.50
TaiwanGTSM 2215968.1860.000.670.200.47
Greece ATHENS 2618569.2327.780.780.330.44
MexicoBMV 38281773.6860.710.750.320.43
ThailandSET 2714551.8535.710.430.070.36
Vietnam HOSE 2012760.0058.330.500.170.33
SwedenSTOCKHOLM 2016880.0050.000.560.250.31
DenmarkCOPENHAGEN 722152.782.630.300.040.27
MalaysiaBURSA 54380.0075.
Hong KongHKEX 119581.8255.560.330.220.11
NorwayOSE 1310476.9240.000.600.500.10
The World 2526678740857.602.800.070.020.05
SwedenSTOCKHOLM 6311157.370.
IndiaBSE 20572254.
IndiaNSE 20842256.
SingaporeSGX 180050.
USWARRANTS 190052.630.
USPREFERRED 1290053.490.
USOTC PINK 3300053.640.
USNYSE 15770059.860.
USNASDAQ 18880057.730.
Vietnam HOSE 1050056.
Vietnam HNX 230060.870.
USAMEX 1480050.
UKLSE 7970049.
TaiwanGTSM 3590057.380.
TaiwanTWSE 4480056.700.
TurkeyBIST 5100058.
ThailandSET 920052.
Poland GPW 1660052.410.
SwitzerlandSIX 1410049.650.
SwitzerlandSIX 1714382.3521.430.710.710.00
CanadaTSX 4090061.370.
BelgiumBRUSSELS 460069.570.
BrazilBOVESPA 5240054.
AustraliaASX 2120064.
Austria WIENERBORSE 100090.
ArgentinaBUE 670059.700.
BangladeshDSE 2930053.580.
ChinaSZSE 12910062.
ChinaSSE 9790063.940.
CanadaCSE 320059.380.
CanadaTSX-V 720052.780.
GermanyXETRA 3720060.
SpainIBEX 660060.610.
ChileBCS 790056.960.
Greece ATHENS 360063.890.
FrancePARIS 3080051.950.
Hong KongHKEX 5910050.590.
UAEUAE 120058.330.
Saudi ArabiaTADAWUL 1240050.
KuwaitKSE 150066.670.
MalaysiaBURSA 1090056.880.
MexicoBMV 990052.530.
NetherlandsAMSTERDAM 770061.
PakistanKSE 1400047.
PhilippinesPSE 620058.
NorwayOSE 1330051.
EgyptEGX 390041.
South KoreaKOSDAQ 9270056.
South KoreaKRX 6620055.740.
JapanTOKYO 12300062.680.
JapanNAGOYA 1000.
IndonesiaIDX 2730060.
IsraelTASE 3300056.
ItalyBORSA 2850053.330.
RussiaMICEX 1581061.390.000.000.01-0.01
SingaporeSGX 22191086.3652.630.050.11-0.05
BrazilBOVESPA 2016780.0043.750.440.50-0.06
JapanTOKYO 1812666.6750.000.170.25-0.08
RussiaMICEX 1815583.3333.330.600.80-0.20
PortugalLISBON 122183.3310.000.080.34-0.26
QatarQE 181050.
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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