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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
EgyptEGX 137653.8585.7113.290.8612.43
JapanNAGOYA 21150.00100.0012.000.0012.00
QatarQE 995100.0055.568.330.567.78
USOTC PINK 2111065050.7146.739.042.936.10
ArgentinaBUE 158653.3375.005.500.135.38
ThailandSET 43262060.4776.925.270.384.88
Greece ATHENS 1812866.6766.675.670.924.75
DenmarkCOPENHAGEN 32201262.5060.005.250.904.35
Hong KongHKEX 2531347252.9653.735.141.084.06
PakistanKSE 71341747.8950.004.560.653.91
ArgentinaBUE 29171058.6258.824.650.763.88
CanadaTSX-V 2014870.0057.145.862.003.86
IsraelTASE 99553155.5656.364.710.963.75
TaiwanTWSE 2251266156.0048.414.341.053.29
South KoreaKOSDAQ 53730215056.2449.674.411.273.14
UKLSE 40120211550.3756.934.021.003.03
TurkeyBIST 2451277551.8459.063.940.913.02
Austria WIENERBORSE 149764.2977.783.440.672.78
Saudi ArabiaTADAWUL 44271761.3662.963.330.562.78
USNASDAQ 91153829359.2854.264.011.302.70
RussiaMICEX 71502770.4254.003.280.702.58
CanadaTSX 2541599262.6057.863.611.072.54
NetherlandsAMSTERDAM 47241451.0658.333.040.542.50
IndiaBSE 101755227854.2850.363.741.382.36
IndiaNSE 104055528053.3750.453.481.122.36
AustraliaASX 93572961.2950.883.791.472.32
SwedenSTOCKHOLM 2301366859.1350.003.551.252.30
South KoreaKRX 37720410054.1149.023.200.922.27
MexicoBMV 45201444.4470.003.150.952.20
The World 119026871361457.7652.573.231.042.19
NorwayOSE 46231450.0060.873.221.092.13
IndonesiaIDX 88482654.5554.
SpainIBEX 52372271.1559.462.760.682.08
Poland GPW 69392056.5251.284.382.362.03
JapanTOKYO 58135418960.9353.393.261.261.99
PhilippinesPSE 37231362.1656.522.650.701.96
FrancePARIS 164874953.0556.322.560.701.86
USNYSE 92457631362.3454.342.670.871.80
ChileBCS 50281856.0064.292.210.461.75
ChinaSSE 2481497860.0852.352.751.011.74
Vietnam HOSE 44251456.8256.002.600.881.72
BrazilBOVESPA 152774450.6657.142.600.881.71
TurkeyBIST 663100.0050.002.170.501.67
Vietnam HNX 83237.5066.672.671.001.67
BangladeshDSE 168923754.7640.222.901.241.66
Poland GPW 64366.6775.001.500.001.50
PakistanKSE 107570.0071.431.710.291.43
ChinaSZSE 41124111258.6446.472.931.541.39
USAMEX 78442156.4147.732.571.251.32
GermanyXETRA 162834151.8548.812.020.861.17
ChileBCS 30201466.6770.
TaiwanGTSM 163844151.5348.812.040.941.10
ItalyBORSA 160874154.3847.132.361.311.05
AustraliaASX 127558.3371.431.000.001.00
IndonesiaIDX 342133.3350.
MexicoBMV 24161266.6775.
ChinaSSE 148557.1462.501.250.380.88
SwedenSTOCKHOLM 107570.0071.431.000.140.86
IsraelTASE 176335.2950.
DenmarkCOPENHAGEN 96266.6733.331.000.170.83
USPREFERRED 68401858.8245.001.150.330.83
USFOREX 2415962.5060.000.870.130.73
PhilippinesPSE 1811961.1181.820.730.000.73
TaiwanGTSM 1610662.5060.000.900.200.70
UKLSE 73242.8666.670.670.000.67
South KoreaKOSDAQ 2617965.3852.940.760.120.65
IndiaNSE 2317973.9152.940.880.290.59
FOREXFOREX 97377.7842.860.570.000.57
SwitzerlandSIX 70422260.0052.381.190.620.57
MalaysiaBURSA 56321657.1450.001.591.030.56
BelgiumBRUSSELS 179452.9444.442.331.780.56
UAEUAE 2213959.0969.230.770.230.54
Austria WIENERBORSE 1510366.6730.000.600.200.40
NorwayOSE 75371.4360.000.400.000.40
SingaporeSGX 128366.6737.500.880.500.38
ItalyBORSA 1711364.7127.270.550.180.36
NetherlandsAMSTERDAM 1711364.7127.270.550.180.36
FrancePARIS 1711364.7127.270.550.180.36
SpainIBEX 1911357.8927.270.550.180.36
GermanyXETRA 1711364.7127.270.550.180.36
BelgiumBRUSSELS 1711364.7127.270.550.180.36
PortugalLISBON 1811361.1127.270.550.180.36
BangladeshDSE 53160.0033.330.670.330.33
Greece ATHENS 1711364.7127.270.550.270.27
MalaysiaBURSA 443100.0075.
ThailandSET 159360.0033.330.220.000.22
BrazilBOVESPA 11125109.0941.670.580.420.17
Vietnam HOSE 137453.8557.140.430.290.14
Hong KongHKEX 108580.0062.500.380.250.13
CanadaTSX 119681.8266.670.220.110.11
SingaporeSGX 1211691.6754.550.000.000.00
JordanASE 111100.00100.
JapanTOKYO 116354.5550.
KuwaitKSE 53160.0033.332.672.670.00
RussiaMICEX 661100.0016.670.170.50-0.33
UAEUAE 65283.3340.000.601.20-0.60
SwitzerlandSIX 87187.5014.290.291.00-0.71
PortugalLISBON 86275.0033.330.501.50-1.00
CanadaCSE 123125.0033.331.334.33-3.00
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


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