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 137653.8585.7113.290.8612.43
JapanNAGOYA 21150.00100.0012.000.0012.00
QatarQE 995100.0055.568.330.567.78
ThailandSET 48292360.4279.316.760.346.41
USOTC PINK 2171095150.6946.369.163.016.15
Greece ATHENS 2011855.0072.736.180.735.45
ArgentinaBUE 158653.3375.005.500.135.38
Vietnam HNX 94344.4475.005.500.754.75
CanadaTSX-V 1913868.4261.546.311.854.46
DenmarkCOPENHAGEN 36211358.3361.905.050.864.19
Hong KongHKEX 2631407653.2354.295.171.054.12
ArgentinaBUE 30171056.6758.824.650.763.88
PakistanKSE 72351748.6148.574.430.633.80
IsraelTASE 101563255.4557.144.520.953.57
TaiwanTWSE 2401346355.8347.014.100.923.18
UKLSE 41620711949.7657.494.140.983.16
TurkeyBIST 2581367952.7158.093.860.892.97
South KoreaKOSDAQ 56031115455.8949.204.221.272.95
Austria WIENERBORSE 1510866.6780.003.500.602.90
CanadaTSX 27717410162.8258.053.781.052.73
NetherlandsAMSTERDAM 48231447.9260.873.130.432.70
USNASDAQ 93955730059.5353.674.021.342.68
RussiaMICEX 80543067.5055.563.310.652.67
TurkeyBIST 885100.0062.503.000.382.63
Saudi ArabiaTADAWUL 45261562.2253.573.070.542.54
ChileBCS 55322158.1865.632.910.442.47
Poland GPW 73422257.5352.384.602.242.36
SwedenSTOCKHOLM 2501497759.6051.683.471.182.29
IndiaNSE 106656828553.2850.183.431.152.27
MexicoBMV 44191343.1868.423.261.002.26
AustraliaASX 98603161.2251.673.671.432.23
South KoreaKRX 38821010554.1250.003.170.942.23
IndiaBSE 104556327753.8849.203.621.432.19
The World 124147164375657.7952.363.231.062.17
NorwayOSE 49231446.9460.873.221.092.13
USAMEX 85472355.2948.943.151.171.98
PhilippinesPSE 38231360.5356.522.650.701.96
JapanTOKYO 60737319761.4552.823.161.221.94
USNYSE 97761533563.0554.382.860.971.89
SpainIBEX 50362172.0058.332.500.721.78
IndonesiaIDX 94542957.4553.702.911.151.76
ChinaSSE 2591568260.2352.562.721.011.71
FrancePARIS 176945353.9855.792.380.741.64
BangladeshDSE 171943754.9739.362.781.231.54
ChinaSZSE 42725011758.5546.803.051.531.52
Poland GPW 64366.6775.001.500.001.50
PakistanKSE 107570.0071.431.710.291.43
TaiwanGTSM 168874351.7949.432.330.921.41
BrazilBOVESPA 166884853.0154.552.341.001.34
Vietnam HOSE 50291558.0051.722.381.101.28
ChileBCS 31211467.7466.671.330.101.24
GermanyXETRA 169894453.2548.892.010.861.16
ItalyBORSA 170954555.8847.372.341.261.07
AustraliaASX 127558.3371.431.000.001.00
IndonesiaIDX 342133.3350.001.250.251.00
MexicoBMV 24161266.6775.001.190.250.94
ChinaSSE 148557.1462.501.250.380.88
USPREFERRED 69391756.5243.591.150.310.85
IsraelTASE 186333.3350.001.000.170.83
USFOREX 2515960.0060.000.870.130.73
DenmarkCOPENHAGEN 107270.0028.570.860.140.71
TaiwanGTSM 1610662.5060.000.900.200.70
PhilippinesPSE 1912963.1675.000.670.000.67
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
MalaysiaBURSA 58321655.1750.001.591.030.56
SwedenSTOCKHOLM 129575.0055.560.780.220.56
BelgiumBRUSSELS 179452.9444.442.331.780.56
UAEUAE 2313956.5269.230.770.230.54
SwitzerlandSIX 73442360.2752.271.160.640.52
Austria WIENERBORSE 1510366.6730.000.600.200.40
NorwayOSE 75371.4360.000.400.000.40
SingaporeSGX 128366.6737.500.880.500.38
ItalyBORSA 1711364.7127.270.550.180.36
NetherlandsAMSTERDAM 1711364.7127.270.550.180.36
FrancePARIS 1711364.7127.270.550.180.36
SpainIBEX 1911357.8927.270.550.180.36
GermanyXETRA 1711364.7127.270.550.180.36
BelgiumBRUSSELS 1711364.7127.270.550.180.36
PortugalLISBON 1811361.1127.270.550.180.36
BangladeshDSE 53160.0033.330.670.330.33
Greece ATHENS 1711364.7127.270.550.270.27
MalaysiaBURSA 443100.0075.000.250.000.25
BrazilBOVESPA 11125109.0941.670.580.420.17
Vietnam HOSE 137453.8557.140.430.290.14
Hong KongHKEX 108580.0062.500.380.250.13
CanadaTSX 119681.8266.670.220.110.11
ThailandSET 1811361.1127.270.180.090.09
JordanASE 111100.00100.000.000.000.00
JapanTOKYO 137353.8542.860.140.140.00
KuwaitKSE 73142.8633.332.672.670.00
USOTCBB 1000.000.000.000.000.00
SingaporeSGX 1211691.6754.550.000.000.00
RussiaMICEX 661100.0016.670.170.50-0.33
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 153120.0033.331.334.33-3.00
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.

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