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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
EgyptEGX 136546.1583.3315.331.0014.33
JapanNAGOYA 21150.00100.0012.000.0012.00
QatarQE 995100.0055.568.330.567.78
Greece ATHENS 149664.2966.677.220.896.33
USOTC PINK 190954650.5347.928.992.916.08
ThailandSET 39221956.4186.366.090.235.86
ArgentinaBUE 158653.3375.005.500.135.38
DenmarkCOPENHAGEN 31191261.2963.165.530.894.63
Hong KongHKEX 2441327154.1053.795.271.074.20
IsraelTASE 91502954.9558.004.840.903.94
PakistanKSE 69331647.8348.484.610.673.94
ArgentinaBUE 28171060.7158.824.650.763.88
CanadaTSX-V 2115971.4360.005.671.873.80
TaiwanTWSE 2171165853.4650.004.501.033.47
South KoreaKOSDAQ 51329214556.9249.664.441.283.16
UKLSE 37919110850.4056.543.921.032.89
NorwayOSE 40191247.5063.163.530.682.84
TurkeyBIST 2411257351.8758.403.760.932.83
Austria WIENERBORSE 129775.0077.783.440.672.78
NetherlandsAMSTERDAM 46241552.1762.503.080.502.58
CanadaTSX 2381478261.7655.783.681.112.57
USNASDAQ 87751927659.1853.183.861.362.50
Saudi ArabiaTADAWUL 40241360.0054.173.130.632.50
RussiaMICEX 69492671.0153.063.140.712.43
IndiaNSE 97351726253.1350.683.501.112.39
IndiaBSE 96652426654.2450.763.691.362.33
South KoreaKRX 3541959455.0848.213.280.962.32
PhilippinesPSE 34211261.7657.142.900.672.24
SwedenSTOCKHOLM 2121256258.9649.603.481.262.22
The World 113306541342457.7552.333.211.052.16
JapanTOKYO 55333718560.9454.903.291.232.06
MexicoBMV 43181241.8666.673.111.062.06
AustraliaASX 91562761.5448.213.571.522.05
IndonesiaIDX 81462456.7952.173.021.091.93
FrancePARIS 153804552.2956.252.610.701.91
SpainIBEX 48342070.8358.822.590.711.88
BrazilBOVESPA 146764452.0557.892.720.891.83
Poland GPW 71391954.9348.724.182.361.82
ChinaSSE 2291407561.1453.572.791.011.77
Vietnam HNX 94344.4475.002.500.751.75
ChileBCS 50281856.0064.292.210.461.75
Vietnam HOSE 41221153.6650.002.450.731.73
BangladeshDSE 162873653.7041.382.951.251.70
TurkeyBIST 663100.0050.002.170.501.67
USNYSE 87954528462.0052.112.510.891.62
Poland GPW 64366.6775.001.500.001.50
USAMEX 80432253.7551.162.671.211.47
PakistanKSE 107570.0071.431.710.291.43
ChinaSZSE 3732209958.9845.003.051.631.42
ItalyBORSA 156864255.1348.842.411.171.23
TaiwanGTSM 161814050.3149.382.100.941.16
ChileBCS 28191367.8668.421.210.051.16
GermanyXETRA 161834152.1748.811.960.881.08
AustraliaASX 127558.3371.431.000.001.00
IndonesiaIDX 342133.3350.001.250.251.00
ChinaSSE 148557.1462.501.250.380.88
SwedenSTOCKHOLM 107570.0071.431.000.140.86
IsraelTASE 166337.5050.001.000.170.83
DenmarkCOPENHAGEN 96266.6733.331.000.170.83
MexicoBMV 2113961.9069.231.080.310.77
USPREFERRED 63381660.3242.111.110.340.76
USFOREX 2415962.5060.000.870.130.73
PhilippinesPSE 1811961.1181.820.730.000.73
TaiwanGTSM 1610662.5060.000.900.200.70
MalaysiaBURSA 55321758.1853.131.691.000.69
UKLSE 73242.8666.670.670.000.67
South KoreaKOSDAQ 2617965.3852.940.760.120.65
IndiaNSE 2317973.9152.940.880.290.59
FOREXFOREX 97377.7842.860.570.000.57
BelgiumBRUSSELS 189450.0044.442.331.780.56
UAEUAE 2213959.0969.230.770.230.54
MalaysiaBURSA 444100.00100.000.500.000.50
SwitzerlandSIX 63372058.7354.050.970.540.43
NorwayOSE 75371.4360.000.400.000.40
Austria WIENERBORSE 1410371.4330.000.600.200.40
PortugalLISBON 1711364.7127.270.550.180.36
FrancePARIS 1611368.7527.270.550.180.36
SpainIBEX 1811361.1127.270.550.180.36
GermanyXETRA 1611368.7527.270.550.180.36
BelgiumBRUSSELS 1611368.7527.270.550.180.36
ItalyBORSA 1611368.7527.270.550.180.36
NetherlandsAMSTERDAM 1611368.7527.270.550.180.36
BangladeshDSE 53160.0033.330.670.330.33
Vietnam HOSE 137453.8557.140.570.290.29
Greece ATHENS 1611368.7527.270.550.270.27
ThailandSET 159360.0033.330.220.000.22
BrazilBOVESPA 11125109.0941.670.580.420.17
SingaporeSGX 117263.6428.570.710.570.14
Hong KongHKEX 108580.0062.500.380.250.13
CanadaTSX 119681.8266.670.220.110.11
USOTCBB 1000.000.000.000.000.00
SingaporeSGX 1211691.6754.550.000.000.00
KuwaitKSE 53160.0033.332.672.670.00
JordanASE 111100.00100.000.000.000.00
JapanTOKYO 116354.5550.000.170.170.00
RussiaMICEX 54180.0025.000.250.50-0.25
UAEUAE 65283.3340.000.601.20-0.60
SwitzerlandSIX 87187.5014.290.291.00-0.71
PortugalLISBON 86275.0033.330.501.50-1.00
CanadaCSE 93133.3333.331.334.33-3.00
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.