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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
EgyptEGX 3011836.6772.737.910.557.36
USOTC PINK 44822911652.9048.959.482.596.89
Hong KongHKEX 52827214751.5254.047.091.395.70
USWARRANTS 1910452.6340.009.604.105.50
DenmarkCOPENHAGEN 68352651.4774.296.230.775.46
QatarQE 168450.0050.006.381.005.38
ArgentinaBUE 169656.2566.674.890.114.78
NorwayOSE 117613252.1452.465.821.134.69
UKLSE 73236221349.4558.845.600.994.60
Greece ATHENS 35241868.5775.004.960.464.50
IsraelTASE 2701538556.6755.565.391.204.20
IndiaBSE 1900101354853.3254.105.371.244.13
TurkeyBIST 46726916857.6062.454.880.804.08
South KoreaKOSDAQ 87749725656.6751.515.171.164.01
IndonesiaIDX 2481467758.8752.745.341.344.01
USNASDAQ 1758101952957.9651.915.341.603.73
ThailandSET 83432551.8158.144.841.283.56
PhilippinesPSE 56352162.5060.003.910.463.46
SwedenSTOCKHOLM 58133016856.8050.914.741.323.42
AustraliaASX 1971206961.4257.024.271.023.25
IndiaNSE 1917106756855.6653.234.241.133.11
TurkeyBIST 1211891.6772.733.360.273.09
TaiwanTWSE 41623211955.7751.293.650.752.89
USAMEX 142753452.8245.334.451.572.88
PakistanKSE 125602748.0045.004.081.222.87
FOREXFOREX 1812866.6766.672.830.002.83
MexicoBMV 94513154.2660.783.821.002.82
The World 2396713835732357.7652.903.851.082.77
ChinaSSE 74047325163.9253.073.731.092.63
KuwaitKSE 148657.1475.003.631.002.63
Vietnam HNX 2113961.9069.234.852.232.62
MalaysiaBURSA 105603057.1450.003.971.372.60
South KoreaKRX 61034416356.3947.383.621.032.59
USNYSE 143385947159.9454.833.571.002.57
CanadaTSX 39524314461.5259.263.531.062.47
ChinaSZSE 113770336761.8352.203.681.222.46
PakistanKSE 1713876.4761.542.620.232.38
BrazilBOVESPA 48325913753.6252.903.140.952.19
ArgentinaBUE 56311555.3648.393.611.552.06
BangladeshDSE 2801516253.9341.063.401.352.05
TaiwanGTSM 3291788054.1044.942.980.982.01
JapanTOKYO 116072236662.2450.693.111.102.00
ItalyBORSA 2781528354.6854.612.870.891.97
CanadaTSX-V 74412355.4156.104.782.831.95
FrancePARIS 2951559052.5458.062.700.891.81
GermanyXETRA 34120511260.1254.632.680.911.77
RussiaMICEX 149904960.4054.442.340.771.58
Saudi ArabiaTADAWUL 110573251.8256.142.000.471.53
Vietnam HOSE 91522657.1450.002.791.271.52
NetherlandsAMSTERDAM 76462660.5356.522.170.671.50
SwitzerlandSIX 131673551.1552.242.090.671.42
SpainIBEX 62361458.0638.892.390.971.42
BelgiumBRUSSELS 47321668.0950.002.250.941.31
Poland GPW 146753651.3748.003.051.831.23
ChileBCS 77452458.4453.332.201.131.07
IndonesiaIDX 553100.0060.001.200.201.00
Poland GPW 106460.0066.671.000.001.00
BangladeshDSE 106460.0066.671.170.171.00
DenmarkCOPENHAGEN 1711464.7136.361.270.360.91
ChileBCS 65442467.6954.551.110.230.89
UKLSE 2212954.5575.000.920.080.83
ChinaSSE 1710658.8260.001.100.300.80
Austria WIENERBORSE 109490.0044.442.441.670.78
CanadaTSX 1612875.0066.670.750.080.67
Austria WIENERBORSE 2215568.1833.330.930.330.60
PortugalLISBON 2617665.3835.290.880.290.59
SpainIBEX 2717662.9635.290.880.290.59
IndiaNSE 26191173.0857.890.840.260.58
BelgiumBRUSSELS 2616561.5431.250.880.310.56
GermanyXETRA 2516564.0031.250.880.310.56
FrancePARIS 2516564.0031.250.880.310.56
NetherlandsAMSTERDAM 2616561.5431.250.880.310.56
ItalyBORSA 2516564.0031.250.880.310.56
IsraelTASE 2611642.3154.550.820.270.55
AustraliaASX 2115771.4346.670.530.000.53
UAEUAE 30191363.3368.420.680.160.53
PhilippinesPSE 34211461.7666.670.570.050.52
South KoreaKOSDAQ 34231367.6556.520.650.130.52
USFOREX 37221159.4650.000.640.140.50
MexicoBMV 35261674.2961.540.810.310.50
Greece ATHENS 2517568.0029.410.820.350.47
TaiwanGTSM 2215968.1860.000.670.200.47
USPREFERRED 122662954.1043.940.820.380.44
Vietnam HOSE 1912763.1658.330.500.170.33
SwedenSTOCKHOLM 2016880.0050.000.560.250.31
MalaysiaBURSA 54380.0075.000.250.000.25
ThailandSET 2613450.0030.770.230.080.15
BrazilBOVESPA 1713676.4746.150.540.380.15
Hong KongHKEX 119581.8255.560.330.220.11
NorwayOSE 1310476.9240.000.600.500.10
USOTCBB 1000.000.000.000.000.00
SwitzerlandSIX 1714382.3521.430.710.710.00
JapanNAGOYA 1000.000.000.000.000.00
SingaporeSGX 22191086.3652.630.050.11-0.05
RussiaMICEX 1714582.3535.710.640.71-0.07
JapanTOKYO 1711564.7145.450.090.27-0.18
UAEUAE 105250.0040.000.600.80-0.20
SingaporeSGX 1710458.8240.000.901.20-0.30
PortugalLISBON 1110390.9130.000.501.40-0.90
CanadaCSE 3521660.0028.572.143.38-1.24
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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