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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
EgyptEGX 105450.0080.0017.801.2016.60
JapanNAGOYA 21150.00100.0012.000.0012.00
QatarQE 87587.5071.4310.710.4310.29
Greece ATHENS 138561.5462.507.131.006.13
USOTC PINK 171884151.4646.598.853.225.64
ArgentinaBUE 158653.3375.005.500.135.38
ArgentinaBUE 29181062.0755.565.720.784.94
ThailandSET 40241860.0075.005.420.634.79
DenmarkCOPENHAGEN 27171162.9664.715.530.824.71
Hong KongHKEX 2251236954.6756.105.590.984.62
PakistanKSE 64301546.8850.004.870.604.27
IsraelTASE 87472754.0257.454.830.963.87
CanadaTSX-V 2014870.0057.145.792.003.79
TaiwanTWSE 1901025153.6850.004.711.083.63
NorwayOSE 33161148.4868.753.810.383.44
UKLSE 3571749948.7456.904.161.113.05
CanadaTSX 2181357661.9356.303.891.012.88
TurkeyBIST 2211206954.3057.503.730.922.81
USNASDAQ 80447526159.0854.954.071.272.80
RussiaMICEX 61442472.1354.553.500.702.80
Austria WIENERBORSE 129775.0077.783.440.672.78
South KoreaKOSDAQ 46927113357.7849.083.961.282.68
Saudi ArabiaTADAWUL 35221262.8654.553.230.682.55
AustraliaASX 87542762.0750.003.761.392.37
IndiaBSE 91950325854.7351.293.691.352.34
SwedenSTOCKHOLM 2021176057.9251.283.561.312.26
IndiaNSE 90748924853.9150.723.351.102.25
The World 104826074317857.9552.323.201.042.16
IndonesiaIDX 70371852.8648.653.321.192.14
BangladeshDSE 146763252.0542.113.321.182.13
Vietnam HOSE 3519954.2947.372.740.682.05
Poland GPW 62341754.8450.004.652.652.00
JapanTOKYO 51131317461.2555.593.231.231.99
BrazilBOVESPA 128684153.1360.292.840.851.99
SpainIBEX 45311968.8961.292.480.611.87
ChileBCS 40251662.5064.002.320.481.84
South KoreaKRX 3191788455.8047.192.780.961.82
FrancePARIS 141744052.4854.052.500.731.77
Vietnam HNX 104340.0075.002.500.751.75
PhilippinesPSE 33211163.6452.382.480.761.71
TurkeyBIST 663100.0050.002.170.501.67
ChinaSZSE 3431978957.4345.183.041.431.61
USAMEX 66351753.0348.572.911.311.60
USNYSE 81450825962.4150.982.510.931.58
ChinaSSE 2061296962.6253.492.541.021.53
Poland GPW 64366.6775.001.500.001.50
PakistanKSE 96466.6766.671.830.331.50
MexicoBMV 42171140.4864.712.591.121.47
NetherlandsAMSTERDAM 42211250.0057.142.000.571.43
TaiwanGTSM 140683648.5752.942.090.761.32
ItalyBORSA 142763453.5244.742.541.251.29
GermanyXETRA 148763551.3546.052.010.951.07
IndonesiaIDX 342133.3350.001.250.251.00
IsraelTASE 155333.3360.001.200.201.00
AustraliaASX 127558.3371.431.000.001.00
ChileBCS 27181266.6766.671.000.060.94
ChinaSSE 148557.1462.501.250.380.88
SwedenSTOCKHOLM 107570.0071.431.000.140.86
USPREFERRED 55331360.0039.391.240.390.85
MalaysiaBURSA 49301761.2256.671.800.970.83
DenmarkCOPENHAGEN 96266.6733.331.000.170.83
MexicoBMV 2012860.0066.671.080.330.75
USFOREX 2415962.5060.000.870.130.73
PhilippinesPSE 1811961.1181.820.730.000.73
TaiwanGTSM 1610662.5060.000.900.200.70
MalaysiaBURSA 333100.00100.000.670.000.67
UKLSE 73242.8666.670.670.000.67
South KoreaKOSDAQ 2617965.3852.940.760.120.65
IndiaNSE 2216872.7350.000.940.310.63
FOREXFOREX 97377.7842.860.570.000.57
BelgiumBRUSSELS 189450.0044.442.331.780.56
UAEUAE 2213959.0969.230.770.230.54
SwitzerlandSIX 58331856.9054.550.970.550.42
NorwayOSE 75371.4360.000.400.000.40
Austria WIENERBORSE 1410371.4330.000.600.200.40
PortugalLISBON 1711364.7127.270.550.180.36
FrancePARIS 1611368.7527.270.550.180.36
SpainIBEX 1811361.1127.270.550.180.36
GermanyXETRA 1611368.7527.270.550.180.36
BelgiumBRUSSELS 1611368.7527.270.550.180.36
ItalyBORSA 1611368.7527.270.550.180.36
NetherlandsAMSTERDAM 1611368.7527.270.550.180.36
BangladeshDSE 53160.0033.330.670.330.33
Greece ATHENS 1611368.7527.270.550.270.27
ThailandSET 159360.0033.330.220.000.22
BrazilBOVESPA 11125109.0941.670.580.420.17
SingaporeSGX 106260.0033.330.830.670.17
Vietnam HOSE 126350.0050.000.500.330.17
Hong KongHKEX 108580.0062.500.380.250.13
CanadaTSX 109690.0066.670.220.110.11
USOTCBB 1000.000.000.000.000.00
SingaporeSGX 1211691.6754.550.000.000.00
JordanASE 111100.00100.000.000.000.00
JapanTOKYO 116354.5550.000.170.170.00
RussiaMICEX 341133.3325.000.250.50-0.25
UAEUAE 65283.3340.000.601.20-0.60
SwitzerlandSIX 87187.5014.290.291.00-0.71
PortugalLISBON 86275.0033.330.501.50-1.00
KuwaitKSE 64166.6725.002.003.75-1.75
CanadaCSE 72028.570.000.006.50-6.50
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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