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 228736.3687.509.500.139.38
QatarQE 116454.5566.678.500.677.83
USWARRANTS 168350.0037.5012.004.387.63
USOTC PINK 40721110453.3247.939.282.686.60
Hong KongHKEX 46524013451.6155.837.581.276.31
IsraelTASE 2321307856.4759.545.980.865.11
Vietnam HNX 159760.0077.785.440.445.00
UKLSE 66632519448.9559.515.790.924.88
DenmarkCOPENHAGEN 58282048.2871.435.750.894.86
ArgentinaBUE 169656.2566.674.890.114.78
NorwayOSE 103562954.3751.795.951.204.75
South KoreaKOSDAQ 80144024255.3154.635.651.144.50
TurkeyBIST 41523414456.3961.545.230.834.40
Greece ATHENS 33221666.6772.734.860.504.36
IndiaBSE 164889648254.4353.735.421.184.24
ThailandSET 69382255.0757.895.291.244.05
USAMEX 128683353.1348.535.561.573.99
USNASDAQ 157592748058.9851.675.311.473.84
SwedenSTOCKHOLM 48528014558.1451.425.041.223.83
IndonesiaIDX 2121246458.4951.615.151.403.75
AustraliaASX 1671066363.4759.434.280.723.57
PhilippinesPSE 48291760.4258.624.000.483.52
ChinaSSE 64340222962.5256.974.110.933.18
IndiaNSE 172595250355.2552.784.301.123.18
MexicoBMV 87452951.7264.444.070.933.13
FOREXFOREX 1510666.6760.003.100.003.10
TurkeyBIST 11118100.0072.733.360.273.09
CanadaTSX-V 52311859.6258.065.522.483.03
PakistanKSE 112562650.0046.434.251.253.00
TaiwanTWSE 39222111356.3851.133.650.712.95
The World 2154612460671357.9353.793.951.022.92
ArgentinaBUE 50251250.0048.004.441.522.92
South KoreaKRX 57130915954.1251.463.991.082.90
CanadaTSX 35922213461.8460.363.820.962.86
ChinaSZSE 99462434062.7854.493.921.132.79
MalaysiaBURSA 92542758.7050.003.911.132.78
USNYSE 125977243661.3256.483.580.932.65
BrazilBOVESPA 41022312054.6353.573.421.012.41
BangladeshDSE 2521405555.5639.293.571.392.19
TaiwanGTSM 3081717955.5246.203.010.952.06
FrancePARIS 2631398152.8558.272.830.841.99
JapanTOKYO 109768535162.4451.243.091.121.98
ItalyBORSA 2401297153.7555.042.830.881.95
NetherlandsAMSTERDAM 67392458.2161.542.440.541.90
BelgiumBRUSSELS 37221359.4659.092.640.911.73
Saudi ArabiaTADAWUL 93502953.7658.002.180.461.72
Poland GPW 127703555.1250.003.431.791.64
GermanyXETRA 2861618256.2950.932.440.881.56
Vietnam HOSE 78402051.2850.002.851.381.48
KuwaitKSE 159660.0066.672.781.331.44
SwitzerlandSIX 112593052.6850.852.070.631.44
SpainIBEX 57351361.4037.142.461.061.40
ChileBCS 72432459.7255.812.231.021.21
ChileBCS 59362261.0261.111.330.141.19
RussiaMICEX 140794358.5752.441.730.601.13
PakistanKSE 1612775.0058.331.250.251.00
Poland GPW 106460.0066.671.000.001.00
BangladeshDSE 106460.0066.671.170.171.00
IndonesiaIDX 442100.0050.001.250.251.00
SingaporeSGX 147350.0042.861.570.571.00
DenmarkCOPENHAGEN 1611468.7536.361.270.360.91
AustraliaASX 1510766.6770.000.800.000.80
ChinaSSE 1710658.8260.001.100.300.80
UKLSE 1910752.6370.000.800.100.70
MexicoBMV 33231569.7065.220.910.260.65
Austria WIENERBORSE 2015575.0033.330.930.330.60
PortugalLISBON 2417670.8335.290.880.290.59
SpainIBEX 2517668.0035.290.880.290.59
BelgiumBRUSSELS 2416566.6731.250.880.310.56
GermanyXETRA 2316569.5731.250.880.310.56
FrancePARIS 2316569.5731.250.880.310.56
ItalyBORSA 2316569.5731.250.880.310.56
NetherlandsAMSTERDAM 2416566.6731.250.880.310.56
IndiaNSE 25181072.0055.560.830.280.56
USPREFERRED 101562555.4544.640.910.360.55
South KoreaKOSDAQ 32221268.7554.550.680.140.55
IsraelTASE 2511644.0054.550.820.270.55
UAEUAE 30191363.3368.420.680.160.53
USFOREX 36211158.3352.380.670.140.52
Greece ATHENS 2216572.7331.250.880.380.50
PhilippinesPSE 33201360.6165.000.550.050.50
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
ThailandSET 2613450.0030.770.230.080.15
BrazilBOVESPA 1613681.2546.150.540.380.15
Hong KongHKEX 119581.8255.560.330.220.11
NorwayOSE 1310476.9240.000.600.500.10
SwitzerlandSIX 1512380.0025.000.830.750.08
USOTCBB 1000.000.000.000.000.00
RussiaMICEX 1411478.5736.360.450.450.00
JapanNAGOYA 1000.000.000.000.000.00
SingaporeSGX 21191090.4852.630.050.11-0.05
JapanTOKYO 1711564.7145.450.090.27-0.18
UAEUAE 74257.1450.000.751.00-0.25
Austria WIENERBORSE 772100.0028.571.862.14-0.29
PortugalLISBON 109390.0033.330.561.22-0.67
CanadaCSE 3217653.1335.291.413.59-2.18
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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