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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
NorwayOSE 154753649.3547.379.831.238.60
Greece ATHENS 40261965.0073.085.500.395.10
Vietnam HNX 30211570.0071.436.561.694.87
IsraelTASE 38221112555.2459.245.620.924.70
DenmarkCOPENHAGEN 75402453.3360.005.771.114.66
South KoreaKOSDAQ 96055030657.4055.545.731.204.53
IndiaBSE 2150117464454.6054.865.521.184.33
ArgentinaBUE 1910752.6370.004.400.104.30
USOTC PINK 47523612552.0050.616.742.504.24
ThailandSET 100503250.0064.005.391.154.24
TurkeyBIST 61435621857.9861.245.130.974.16
UKLSE 78440123051.4057.
MalaysiaBURSA 106573153.7754.395.431.384.05
USNASDAQ 1932109755556.8850.505.601.813.80
IndonesiaIDX 2961729158.1152.915.101.353.75
QatarQE 2514956.0064.294.060.463.60
ArgentinaBUE 90533160.0057.414.651.193.46
Hong KongHKEX 68033816749.7149.415.061.613.45
EgyptEGX 63301947.6263.334.330.943.39
PakistanKSE 26211380.7761.903.570.383.19
PhilippinesPSE 63362457.1466.673.540.453.09
IndiaNSE 2210129568758.6053.
TurkeyBIST 1312892.3166.673.080.252.83
TaiwanGTSM 37121911559.3052.273.790.962.83
UAEUAE 1911757.8963.643.200.402.80
South KoreaKRX 71240220956.4651.993.901.132.77
TaiwanTWSE 47427414157.8151.463.670.902.77
ChinaSZSE 158098252562.1553.463.811.152.66
KuwaitKSE 1611668.7554.553.380.742.64
BrazilBOVESPA 60330916851.2454.373.450.862.58
ChinaSSE 135484945062.7053.003.571.052.52
USNYSE 145987348659.8455.673.470.992.48
PakistanKSE 161743745.9650.003.601.282.32
AustraliaASX 2361428160.1757.043.391.092.30
SwedenSTOCKHOLM 74242421257.1450.004.001.732.26
USAMEX 177863448.5939.533.751.552.20
CanadaTSX-V 72352048.6157.144.642.552.09
ItalyBORSA 2651407552.8353.572.840.822.03
JapanTOKYO 122477037662.9148.833.141.122.02
SwitzerlandSIX 139703850.3654.292.550.631.92
CanadaTSX 39024514362.8258.372.991.091.90
BelgiumBRUSSELS 45351977.7854.292.770.861.90
MexicoBMV 86512759.3052.943.021.231.79
GermanyXETRA 38925013964.2755.602.590.861.73
BangladeshDSE 2431285052.6739.063.121.521.60
FrancePARIS 3181789856.9254.142.480.911.56
ChileBCS 72372151.3956.762.681.171.51
SpainIBEX 71391754.9343.592.521.001.51
Saudi ArabiaTADAWUL 139724051.8055.562.110.811.31
Austria WIENERBORSE 33211063.6447.622.521.421.11
NetherlandsAMSTERDAM 73492267.1244.902.090.991.10
Poland GPW 175964454.8645.832.811.741.06
BangladeshDSE 148557.1462.501.130.131.00
IndonesiaIDX 553100.0060.
Vietnam HOSE 122692956.5642.032.451.520.93
FOREXFOREX 2014870.0057.140.860.000.86
UKLSE 23131056.5276.920.920.080.85
ChinaSSE 1811661.1154.551.000.270.73
CanadaTSX 1713976.4769.230.770.080.69
PortugalLISBON 3220862.5040.000.850.250.60
IsraelTASE 2812742.8658.330.830.250.58
Austria WIENERBORSE 2616561.5431.250.880.310.56
South KoreaKOSDAQ 38271571.0555.560.670.110.56
SpainIBEX 3118658.0633.330.830.280.56
GermanyXETRA 3017556.6729.410.820.290.53
FrancePARIS 3017556.6729.410.820.290.53
ItalyBORSA 3017556.6729.410.820.290.53
ChileBCS 84552765.4849.090.910.400.51
NetherlandsAMSTERDAM 3318654.5533.330.780.280.50
IndiaNSE 27201174.0755.000.800.300.50
BelgiumBRUSSELS 3318654.5533.330.780.280.50
AustraliaASX 2516764.0043.750.500.000.50
TaiwanGTSM 2215968.1860.000.670.200.47
PhilippinesPSE 38241563.1662.500.500.040.46
Poland GPW 139469.2344.440.670.220.44
Greece ATHENS 2918562.0727.780.780.330.44
USFOREX 39231158.9747.830.610.170.43
UAEUAE 34211461.7666.670.620.190.43
MexicoBMV 43301769.7756.670.700.330.37
Vietnam HOSE 2012760.0058.330.500.170.33
SwedenSTOCKHOLM 2016880.0050.000.560.250.31
MalaysiaBURSA 54380.0075.
ThailandSET 3116551.6131.250.380.130.25
JapanTOKYO 2114766.6750.000.430.290.14
Hong KongHKEX 119581.8255.560.330.220.11
NorwayOSE 1310476.9240.000.600.500.10
USWARRANTS 190052.630.
USPREFERRED 1290053.490.
RussiaMICEX 1290061.
DenmarkCOPENHAGEN 21000.
SwitzerlandSIX 2218481.8222.220.610.610.00
JapanNAGOYA 1000.
SingaporeSGX 23201086.9650.000.050.10-0.05
BrazilBOVESPA 2318878.2644.440.440.50-0.06
RussiaMICEX 1815583.3333.330.600.80-0.20
SingaporeSGX 2813646.4346.150.971.38-0.41
PortugalLISBON 1310476.9240.000.571.04-0.46
CanadaCSE 3119561.2926.322.123.42-1.30
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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