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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
EgyptEGX 136546.1583.3315.001.0014.00
JapanNAGOYA 21150.00100.0011.000.0011.00
CanadaTSX-V 30191563.3378.9511.051.219.84
QatarQE 1816988.8956.257.130.696.44
USOTC PINK 2821407051.4248.288.933.245.69
NorwayOSE 75422456.0057.146.601.145.45
ArgentinaBUE 158653.3375.005.500.135.38
Hong KongHKEX 42322512453.1955.116.341.315.04
Vietnam HNX 104340.0075.005.750.755.00
DenmarkCOPENHAGEN 45251655.5664.005.560.724.84
MexicoBMV 75372749.3372.975.080.654.43
USAMEX 126623649.2158.065.611.354.26
ThailandSET 78432855.1365.124.911.023.88
IndonesiaIDX 146774552.7458.444.741.103.64
TurkeyBIST 36319511553.7258.974.360.813.55
South KoreaKOSDAQ 78343622855.9452.054.671.163.51
UKLSE 59829516849.3356.954.351.023.32
ArgentinaBUE 44241454.5558.334.211.003.21
South KoreaKRX 58931215952.9750.964.291.103.19
PakistanKSE 107572853.2749.124.281.143.14
TaiwanTWSE 37520510054.6748.783.900.803.10
CanadaTSX 39624114960.8661.833.980.983.01
KuwaitKSE 62133.3350.004.001.003.00
USNASDAQ 132979641359.8951.884.431.502.94
TurkeyBIST 996100.0066.673.220.332.89
IndiaNSE 151179640152.6850.384.121.252.87
IndiaBSE 150181841254.5050.374.191.382.81
FrancePARIS 2751458252.7356.553.540.742.79
IsraelTASE 1771106462.1558.183.951.272.67
AustraliaASX 146915762.3362.643.450.852.60
The World 1769510133538857.3053.143.641.092.55
RussiaMICEX 100653465.0052.313.380.892.49
NetherlandsAMSTERDAM 66332050.0060.612.910.452.45
ChinaSSE 36323112363.6453.253.611.162.45
USNYSE 137783044460.2853.493.350.922.44
ChinaSZSE 57536317963.1349.313.741.392.35
Austria WIENERBORSE 2214963.6464.292.860.642.21
ChileBCS 80493161.2563.272.670.492.18
Poland GPW 107582954.2150.003.901.832.07
JapanTOKYO 89254028960.5453.523.211.172.04
Saudi ArabiaTADAWUL 82402448.7860.002.480.531.95
SwedenSTOCKHOLM 33619410157.7452.063.291.371.93
BrazilBOVESPA 2401246351.6750.813.091.251.84
PhilippinesPSE 54351764.8148.572.600.831.77
BangladeshDSE 2461375355.6938.693.061.381.68
GermanyXETRA 2511417656.1853.902.721.061.66
BelgiumBRUSSELS 2713748.1553.853.001.381.62
SpainIBEX 75492865.3357.142.330.711.61
Greece ATHENS 30171156.6764.713.291.711.59
TaiwanGTSM 2571326551.3649.242.361.041.32
ItalyBORSA 2371266653.1652.382.200.991.21
SwitzerlandSIX 100613061.0049.181.770.611.16
ChileBCS 37241564.8662.501.210.171.04
Poland GPW 96466.6766.671.000.001.00
PakistanKSE 129675.0066.671.330.331.00
IndonesiaIDX 442100.0050.001.250.251.00
AustraliaASX 127558.3371.431.000.001.00
USPREFERRED 103562954.3751.791.570.590.98
DenmarkCOPENHAGEN 1511473.3336.361.270.360.91
MalaysiaBURSA 77402251.9555.001.880.980.90
IsraelTASE 218538.1062.501.000.130.88
MexicoBMV 25171268.0070.591.120.290.82
SingaporeSGX 199447.3744.441.220.440.78
ChinaSSE 159560.0055.561.110.330.78
UKLSE 103230.0066.670.670.000.67
USFOREX 2717962.9652.940.760.120.65
Austria WIENERBORSE 1914573.6835.711.000.360.64
Vietnam HOSE 58341458.6241.182.091.470.62
ItalyBORSA 2115571.4333.330.930.330.60
NetherlandsAMSTERDAM 2115571.4333.330.930.330.60
FrancePARIS 2115571.4333.330.930.330.60
SpainIBEX 2315565.2233.330.930.330.60
GermanyXETRA 2115571.4333.330.930.330.60
BelgiumBRUSSELS 2115571.4333.330.930.330.60
PortugalLISBON 2215568.1833.330.930.330.60
FOREXFOREX 107370.0042.860.570.000.57
PhilippinesPSE 23141060.8771.430.570.000.57
UAEUAE 27161159.2668.750.750.190.56
SwedenSTOCKHOLM 129575.0055.560.780.220.56
IndiaNSE 24181075.0055.560.830.280.56
Greece ATHENS 2115571.4333.330.930.400.53
South KoreaKOSDAQ 28191067.8652.630.680.160.53
TaiwanGTSM 1812766.6758.330.750.250.50
BangladeshDSE 63150.0033.330.670.330.33
MalaysiaBURSA 54380.0075.000.250.000.25
SwitzerlandSIX 119281.8222.221.000.780.22
BrazilBOVESPA 11125109.0941.670.580.420.17
Vietnam HOSE 158453.3350.000.380.250.13
Hong KongHKEX 119581.8255.560.330.220.11
CanadaTSX 1210683.3360.000.200.100.10
ThailandSET 2011355.0027.270.180.090.09
JapanFUKUOKA 1000.000.000.000.000.00
JapanTOKYO 137353.8542.860.140.140.00
JordanASE 21150.00100.000.000.000.00
RussiaMICEX 118372.7337.500.380.380.00
USOTCBB 1000.000.000.000.000.00
SingaporeSGX 1211691.6754.550.000.000.00
NorwayOSE 108380.0037.500.250.50-0.25
PortugalLISBON 1412485.7133.330.501.92-1.42
UAEUAE 107270.0028.570.431.86-1.43
CanadaCSE 155233.3340.000.802.80-2.00
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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