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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
JapanNAGOYA 21150.00100.0012.000.0012.00
EgyptEGX 209845.0088.8912.110.6711.44
QatarQE 1411778.5763.6410.000.459.55
USWARRANTS 127358.3342.8613.714.719.00
USOTC PINK 42821410351.6446.619.523.006.52
Hong KongHKEX 48224913851.6655.427.441.156.29
ThailandSET 77422854.5566.676.571.005.57
DenmarkCOPENHAGEN 64342353.1367.655.790.795.00
IsraelTASE 2261237354.4259.355.610.834.78
ArgentinaBUE 169656.2566.674.890.114.78
Greece ATHENS 32201662.5080.004.750.454.30
CanadaTSX-V 48322066.6762.506.722.534.19
ArgentinaBUE 54311657.4151.615.321.164.16
NorwayOSE 100542854.0051.855.461.354.11
South KoreaKOSDAQ 91151826756.9751.455.161.203.96
USNASDAQ 159495250559.7253.055.281.353.93
TurkeyBIST 45625816056.5862.024.740.823.92
Vietnam HNX 157546.6771.434.430.573.86
UKLSE 67634019550.4457.184.841.013.82
SwedenSTOCKHOLM 48829315060.0451.194.931.243.70
MexicoBMV 87432649.4360.474.330.813.51
MalaysiaBURSA 98583559.1860.344.400.913.48
IndiaBSE 173196050555.4652.604.741.293.46
IndonesiaIDX 2041176157.3552.144.831.433.40
PakistanKSE 124622850.0045.164.271.083.19
AustraliaASX 1771156364.9754.784.120.963.17
TurkeyBIST 11118100.0072.733.360.273.09
PhilippinesPSE 59372262.7159.463.700.653.05
IndiaNSE 1804100652455.8252.043.961.122.83
The World 2194712861687858.6653.423.821.052.77
South KoreaKRX 61534017855.2852.353.751.042.71
CanadaTSX 38324314963.4561.323.670.982.69
USAMEX 132743956.0652.704.141.532.61
FOREXFOREX 1510666.6760.002.600.002.60
ChinaSSE 62340421764.8553.713.571.022.55
ChinaSZSE 93560030264.1750.333.801.272.54
USNYSE 133083747562.9356.753.470.942.54
TaiwanTWSE 42124311757.7248.153.330.842.49
BelgiumBRUSSELS 35211360.0061.903.330.952.38
BangladeshDSE 2651496256.2341.613.591.262.34
Poland GPW 138784156.5252.564.151.852.31
BrazilBOVESPA 38520610653.7751.213.381.152.22
JapanTOKYO 106068735064.8150.953.241.172.06
ItalyBORSA 2511347353.3954.482.860.901.96
Vietnam HOSE 77381949.3550.003.111.161.95
Saudi ArabiaTADAWUL 86472554.6553.192.640.721.91
RussiaMICEX 158945161.3952.582.530.651.88
GermanyXETRA 2871528152.9653.292.700.861.84
NetherlandsAMSTERDAM 74412255.4153.662.460.661.80
FrancePARIS 2791518554.1256.292.510.791.72
Austria WIENERBORSE 65283.3340.002.601.001.60
TaiwanGTSM 3111778256.9146.332.581.041.54
ChileBCS 87533060.9256.602.430.911.53
KuwaitKSE 105350.0060.003.001.601.40
SpainIBEX 64432067.1946.512.260.931.33
SwitzerlandSIX 116683558.6251.471.850.601.25
ChileBCS 54352264.8162.861.370.141.23
Poland GPW 106460.0066.671.000.001.00
IndonesiaIDX 442100.0050.001.250.251.00
PakistanKSE 1612775.0058.331.250.251.00
USPREFERRED 107643059.8146.881.270.330.94
DenmarkCOPENHAGEN 1611468.7536.361.270.360.91
AustraliaASX 138661.5475.000.880.000.88
SingaporeSGX 1810455.5640.001.500.700.80
ChinaSSE 1710658.8260.001.100.300.80
MexicoBMV 29211572.4171.431.000.240.76
UKLSE 1910752.6370.000.800.100.70
BangladeshDSE 106460.0066.670.830.170.67
PhilippinesPSE 31181258.0666.670.610.000.61
Austria WIENERBORSE 2015575.0033.330.930.330.60
PortugalLISBON 2417670.8335.290.880.290.59
SpainIBEX 2517668.0035.290.880.290.59
ItalyBORSA 2316569.5731.250.880.310.56
NetherlandsAMSTERDAM 2416566.6731.250.880.310.56
BelgiumBRUSSELS 2416566.6731.250.880.310.56
GermanyXETRA 2316569.5731.250.880.310.56
FrancePARIS 2316569.5731.250.880.310.56
IndiaNSE 25181072.0055.560.830.280.56
USFOREX 35201157.1455.000.700.150.55
South KoreaKOSDAQ 32221268.7554.550.680.140.55
IsraelTASE 2511644.0054.550.820.270.55
UAEUAE 30191363.3368.420.680.160.53
Greece ATHENS 2216572.7331.250.880.380.50
TaiwanGTSM 2115971.4360.000.670.200.47
SwedenSTOCKHOLM 1915878.9553.330.600.200.40
Vietnam HOSE 1810655.5660.000.500.200.30
CanadaTSX 1411778.5763.640.360.090.27
MalaysiaBURSA 54380.0075.000.250.000.25
SwitzerlandSIX 1411378.5727.270.910.730.18
ThailandSET 2513452.0030.770.230.080.15
BrazilBOVESPA 1613681.2546.150.540.380.15
Hong KongHKEX 119581.8255.560.330.220.11
RussiaMICEX 1310476.9240.000.500.400.10
NorwayOSE 1310476.9240.000.600.500.10
JordanASE 111100.00100.000.000.000.00
USOTCBB 1000.000.000.000.000.00
SingaporeSGX 19181094.7455.560.060.11-0.06
JapanTOKYO 1610562.5050.000.100.20-0.10
UAEUAE 64266.6750.000.751.00-0.25
PortugalLISBON 129375.0033.330.441.22-0.78
CanadaCSE 2913544.8338.461.855.38-3.54
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.