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 1/1/2014
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
NorwayOSE 32171553.1388.2414.350.3514.00
JapanNAGOYA 111100.00100.0013.000.0013.00
EgyptEGX 84350.0075.0013.501.2512.25
KuwaitKSE 31133.33100.009.000.009.00
ArgentinaBUE 1710958.8290.008.500.008.50
USOTC PINK 132633047.7347.6210.782.758.03
QatarQE 10107100.0070.007.100.406.70
Hong KongHKEX 2171226456.2252.467.471.226.25
USAMEX 60251641.6764.007.160.966.20
IndonesiaIDX 63271742.8662.966.850.676.19
DenmarkCOPENHAGEN 1410971.4390.005.900.005.90
CanadaTSX-V 97477.7857.148.292.435.86
PakistanKSE 60372361.6762.166.140.655.49
Vietnam HNX 64366.6775.006.000.755.25
RussiaMICEX 49332367.3569.705.060.394.67
SwedenSTOCKHOLM 117664356.4165.155.150.794.36
ChinaSSE 72472965.2861.705.571.214.36
ChinaSZSE 152976363.8264.955.120.764.36
TurkeyBIST 151835554.9766.274.810.574.24
Poland GPW 66361954.5552.785.080.974.11
IndiaNSE 60834122456.0965.694.830.744.09
Poland GPW 31133.33100.004.000.004.00
ThailandSET 44261959.0973.084.730.853.88
IndiaBSE 73642425757.6160.614.820.953.87
NetherlandsAMSTERDAM 31171254.8470.593.880.293.59
BangladeshDSE 102593557.8459.324.530.953.58
USNASDAQ 72643226159.5060.424.440.953.48
Saudi ArabiaTADAWUL 42211550.0071.433.710.293.43
BrazilBOVESPA 107583854.2165.524.140.843.29
FrancePARIS 129734756.5964.383.750.553.21
Austria WIENERBORSE 138661.5475.003.880.753.13
South KoreaKRX 3011669755.1558.433.860.773.10
South KoreaKOSDAQ 41724013857.5557.503.900.843.06
The World 88155074309757.5661.043.760.753.01
UKLSE 29116311556.0170.553.400.712.69
CanadaTSX 1751076861.1463.553.170.572.60
ChileBCS 40272067.5074.072.780.192.59
Vietnam HOSE 147650.0085.712.570.142.43
TaiwanTWSE 200985749.0058.163.060.662.40
IsraelTASE 85563665.8864.293.661.322.34
USNYSE 67539623658.6759.602.910.632.29
JapanTOKYO 36423013563.1958.702.980.812.17
SpainIBEX 42262161.9080.772.310.192.12
AustraliaASX 71412457.7558.543.051.071.98
ItalyBORSA 121623351.2453.232.850.971.89
IsraelTASE 83237.5066.671.670.001.67
GermanyXETRA 95492951.5859.182.631.141.49
SwitzerlandSIX 45302266.6773.331.630.231.40
ArgentinaBUE 125441.6780.001.600.201.40
SwedenSTOCKHOLM 85362.5060.001.400.201.20
PhilippinesPSE 31201064.5250.001.850.651.20
IndiaNSE 1510766.6770.001.500.301.20
ChinaSSE 105350.0060.001.600.401.20
MexicoBMV 32161150.0068.752.060.881.19
PhilippinesPSE 106660.00100.001.170.001.17
PortugalLISBON 137253.8528.571.290.141.14
Austria WIENERBORSE 107270.0028.571.290.141.14
Greece ATHENS 107270.0028.571.290.141.14
Greece ATHENS 1610662.5060.003.402.301.10
USFOREX 1711764.7163.641.090.091.00
ItalyBORSA 128266.6725.001.130.131.00
NetherlandsAMSTERDAM 128266.6725.001.130.131.00
BelgiumBRUSSELS 128266.6725.001.130.131.00
BangladeshDSE 32166.6750.001.000.001.00
DenmarkCOPENHAGEN 65283.3340.001.200.201.00
GermanyXETRA 128266.6725.001.130.131.00
IndonesiaIDX 54280.0050.001.250.251.00
FrancePARIS 128266.6725.001.130.131.00
South KoreaKOSDAQ 1913768.4253.851.000.080.92
MexicoBMV 1411878.5772.731.090.180.91
UAEUAE 2210745.4570.000.900.200.70
USPREFERRED 46261456.5253.851.540.850.69
SpainIBEX 149264.2922.221.000.330.67
ChileBCS 1610662.5060.000.700.100.60
UKLSE 42150.0050.000.500.000.50
TaiwanGTSM 122562845.9050.001.541.040.50
MalaysiaBURSA 222100.00100.000.500.000.50
NorwayOSE 54380.0075.000.500.000.50
AustraliaASX 112218.18100.000.500.000.50
SingaporeSGX 137253.8528.570.860.430.43
FOREXFOREX 96466.6766.670.330.000.33
MalaysiaBURSA 36211358.3361.901.331.000.33
PakistanKSE 73142.8633.331.000.670.33
CanadaTSX 109590.0055.560.330.110.22
Vietnam HOSE 146342.8650.000.500.330.17
Hong KongHKEX 96466.6766.670.500.330.17
SingaporeSGX 109590.0055.560.110.000.11
JordanASE 31133.33100.000.000.000.00
JapanFUKUOKA 1000.000.000.000.000.00
CanadaCSE 2000.000.000.000.000.00
BelgiumBRUSSELS 134230.7750.002.002.000.00
USOTCBB 1000.000.000.000.000.00
ThailandSET 105250.0040.000.000.000.00
BrazilBOVESPA 119381.8233.330.220.33-0.11
TaiwanGTSM 108380.0037.500.250.38-0.13
RussiaMICEX 552100.0040.000.200.40-0.20
JapanTOKYO 83137.5033.330.000.33-0.33
TurkeyBIST 441100.0025.000.000.75-0.75
SwitzerlandSIX 551100.0020.000.401.20-0.80
USWARRANTS 21050.000.000.001.00-1.00
UAEUAE 41025.000.000.001.00-1.00
PortugalLISBON 75171.4320.000.401.80-1.40
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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