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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
EgyptEGX 157646.6785.7113.430.8612.57
JapanNAGOYA 21150.00100.0012.000.0012.00
USWARRANTS 96266.6733.3313.833.8310.00
QatarQE 1411778.5763.6410.000.459.55
Hong KongHKEX 41721912552.5257.087.851.016.84
USOTC PINK 3581808350.2846.119.273.096.18
CanadaTSX-V 40261965.0073.087.581.815.77
ArgentinaBUE 158653.3375.005.500.135.38
NorwayOSE 88472953.4161.706.131.154.98
DenmarkCOPENHAGEN 54291953.7065.525.760.904.86
ArgentinaBUE 49281557.1453.575.861.144.71
IsraelTASE 1991116655.7859.465.530.834.70
UKLSE 60931519051.8960.135.470.944.53
Greece ATHENS 26151257.6980.005.000.534.47
PakistanKSE 103492447.5748.985.041.004.04
South KoreaKOSDAQ 84347224656.1152.015.151.153.99
USNASDAQ 137882343859.8053.165.381.403.98
MexicoBMV 79392449.3761.544.690.743.95
SwedenSTOCKHOLM 40724412059.9549.185.231.353.88
ThailandSET 67362453.7366.674.640.893.75
TurkeyBIST 38621713656.2262.674.610.873.74
AustraliaASX 157995563.0655.564.680.983.70
PhilippinesPSE 54362166.6758.334.030.673.36
MalaysiaBURSA 84492858.3357.144.220.943.29
IndonesiaIDX 171985157.3152.044.541.333.21
IndiaBSE 154884343754.5251.784.431.313.12
TurkeyBIST 11118100.0072.733.360.273.09
USAMEX 120693857.5055.074.611.583.03
TaiwanTWSE 36121010558.1750.003.770.773.00
IndiaNSE 161687845354.3951.543.931.142.79
Austria WIENERBORSE 54280.0050.003.250.502.75
The World 1969211526617958.5753.583.791.052.75
CanadaTSX 35622913964.3360.703.731.002.72
South KoreaKRX 55631015855.7650.973.721.022.70
USNYSE 122877943663.4455.973.600.952.65
Vietnam HNX 167443.7557.143.290.712.57
BelgiumBRUSSELS 32201362.5065.003.500.952.55
Poland GPW 121693757.0253.624.482.032.45
ChinaSZSE 81652326064.0949.713.591.282.31
Saudi ArabiaTADAWUL 66371956.0651.353.030.762.27
NetherlandsAMSTERDAM 69362152.1758.332.860.642.22
ChinaSSE 54034919264.6355.013.221.032.19
ChileBCS 73482965.7560.422.710.582.13
BangladeshDSE 2441335354.5139.853.411.322.09
RussiaMICEX 133824661.6556.102.670.592.09
FrancePARIS 2591408154.0557.862.790.762.03
JapanTOKYO 95761231663.9551.633.181.191.99
TaiwanGTSM 2691487555.0250.682.901.001.90
GermanyXETRA 2451336954.2951.882.830.941.89
ItalyBORSA 2231196353.3652.942.881.031.85
Vietnam HOSE 74401954.0547.502.851.201.65
BrazilBOVESPA 2991628354.8550.612.541.231.31
SpainIBEX 65442167.6947.732.200.951.25
USPREFERRED 108653160.1947.691.540.321.22
SwitzerlandSIX 103602958.2548.331.830.651.18
UKLSE 146442.8666.671.170.001.17
IndonesiaIDX 442100.0050.001.250.251.00
AustraliaASX 127558.3371.431.000.001.00
Poland GPW 106460.0066.671.000.001.00
DenmarkCOPENHAGEN 1611468.7536.361.270.360.91
ChileBCS 48301762.5056.671.030.170.87
ChinaSSE 1610662.5060.001.100.300.80
PakistanKSE 1612775.0058.331.000.250.75
MexicoBMV 28201471.4370.000.950.250.70
Austria WIENERBORSE 2015575.0033.330.930.330.60
PortugalLISBON 2417670.8335.290.880.290.59
UAEUAE 28171260.7170.590.760.180.59
USFOREX 33191057.5852.630.740.160.58
South KoreaKOSDAQ 31211167.7452.380.710.140.57
FrancePARIS 2316569.5731.250.880.310.56
SpainIBEX 2416566.6731.250.880.310.56
GermanyXETRA 2316569.5731.250.880.310.56
BelgiumBRUSSELS 2316569.5731.250.880.310.56
NetherlandsAMSTERDAM 2316569.5731.250.880.310.56
PhilippinesPSE 27161159.2668.750.560.000.56
ItalyBORSA 2316569.5731.250.880.310.56
SingaporeSGX 149464.2944.441.220.670.56
IndiaNSE 25181072.0055.560.830.280.56
IsraelTASE 2411645.8354.550.820.270.55
TaiwanGTSM 1913868.4261.540.770.230.54
FOREXFOREX 138461.5450.000.500.000.50
Greece ATHENS 2216572.7331.250.880.380.50
SwedenSTOCKHOLM 1513786.6753.850.690.230.46
BangladeshDSE 95355.5660.000.600.200.40
Vietnam HOSE 1810655.5660.000.500.200.30
CanadaTSX 1411778.5763.640.360.090.27
MalaysiaBURSA 54380.0075.000.250.000.25
BrazilBOVESPA 11125109.0941.670.580.420.17
Hong KongHKEX 119581.8255.560.330.220.11
RussiaMICEX 1310476.9240.000.500.400.10
SwitzerlandSIX 1310276.9220.000.900.800.10
ThailandSET 2211350.0027.270.180.090.09
JordanASE 111100.00100.000.000.000.00
USOTCBB 1000.000.000.000.000.00
SingaporeSGX 1514893.3357.140.070.14-0.07
JapanTOKYO 159460.0044.440.110.22-0.11
NorwayOSE 108380.0037.500.250.50-0.25
UAEUAE 75271.4340.000.601.20-0.60
KuwaitKSE 105250.0040.001.402.00-0.60
PortugalLISBON 118372.7337.500.501.25-0.75
CanadaCSE 228136.3612.500.008.63-8.63
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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