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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
EgyptEGX 115445.4580.0018.001.0017.00
JapanNAGOYA 21150.00100.0013.000.0013.00
CanadaTSX-V 20161180.0068.7510.631.639.00
USOTC PINK 2001014850.5047.5210.552.677.88
QatarQE 1413992.8669.236.850.546.31
ArgentinaBUE 33171151.5264.716.410.535.88
USAMEX 83362043.3755.566.721.035.69
DenmarkCOPENHAGEN 32191559.3878.956.210.585.63
NorwayOSE 42221652.3872.736.140.555.59
Hong KongHKEX 3221749654.0455.176.631.165.47
ArgentinaBUE 158553.3362.505.380.135.25
PakistanKSE 86452652.3357.785.130.674.47
IndonesiaIDX 90402344.4457.505.230.784.45
TaiwanTWSE 2751377949.8257.664.820.664.15
ThailandSET 60362560.0069.445.060.944.11
RussiaMICEX 67452967.1664.444.380.423.96
IndiaNSE 105457135454.1762.004.620.803.82
ChinaSSE 1801137162.7862.834.520.913.61
CanadaTSX 27716410359.2162.804.330.733.60
UKLSE 45923115250.5465.524.260.783.49
South KoreaKOSDAQ 57733219657.5459.044.400.923.48
TurkeyBIST 2621358351.5361.484.290.813.48
IndiaBSE 113963838456.0160.194.410.953.46
BrazilBOVESPA 174946454.0268.094.030.703.33
USNASDAQ 97859035260.4359.564.271.043.23
SwedenSTOCKHOLM 2221237055.4156.914.030.953.08
ChinaSZSE 32919511359.2757.954.171.163.01
South KoreaKRX 43623613454.1356.783.780.783.00
The World 128807345434657.0559.153.700.822.88
Saudi ArabiaTADAWUL 57292150.8872.413.240.452.79
Austria WIENERBORSE 1711864.7172.733.450.732.73
FrancePARIS 193975950.7860.203.300.572.72
BangladeshDSE 177944953.1152.133.761.052.70
Vietnam HOSE 34201158.8255.002.950.352.60
Poland GPW 80432253.7551.164.351.772.58
Greece ATHENS 2012860.0066.674.251.922.33
JapanTOKYO 62737422059.6558.823.180.902.28
ChileBCS 54312157.4167.742.580.352.23
USNYSE 107564337959.8158.942.830.652.18
IsraelTASE 112704262.5060.003.371.272.10
NetherlandsAMSTERDAM 53261549.0657.692.460.382.08
ItalyBORSA 181895249.1758.432.750.791.97
PhilippinesPSE 43281565.1253.572.460.541.93
AustraliaASX 115704160.8758.572.871.011.86
TurkeyBIST 663100.0050.002.170.501.67
PakistanKSE 96466.6766.671.830.331.50
Poland GPW 64366.6775.001.500.001.50
SpainIBEX 60402566.6762.501.950.481.48
GermanyXETRA 184955451.6356.842.360.881.47
TaiwanGTSM 190914847.8952.752.210.851.36
MexicoBMV 52231644.2369.572.130.781.35
Vietnam HNX 105350.0060.002.401.201.20
AustraliaASX 116454.5566.671.000.001.00
IndonesiaIDX 342133.3350.001.250.251.00
IsraelTASE 155333.3360.001.200.201.00
ChileBCS 23171173.9164.711.000.060.94
SwedenSTOCKHOLM 107570.0071.431.000.140.86
ChinaSSE 127458.3357.141.290.430.86
DenmarkCOPENHAGEN 96266.6733.331.000.170.83
MexicoBMV 2012860.0066.671.080.330.75
USFOREX 2415962.5060.000.870.130.73
SwitzerlandSIX 69412559.4260.981.120.410.71
TaiwanGTSM 1610662.5060.000.900.200.70
PhilippinesPSE 1710858.8280.000.700.000.70
South KoreaKOSDAQ 2516864.0050.000.810.130.69
UKLSE 73242.8666.670.670.000.67
IndiaNSE 2016880.0050.000.940.310.63
UAEUAE 2213959.0969.230.770.230.54
MalaysiaBURSA 222100.00100.000.500.000.50
USPREFERRED 73401954.7947.501.130.650.48
Austria WIENERBORSE 1410371.4330.000.600.200.40
NorwayOSE 75371.4360.000.400.000.40
SingaporeSGX 178247.0625.000.750.380.38
ItalyBORSA 1611368.7527.270.550.180.36
NetherlandsAMSTERDAM 1611368.7527.270.550.180.36
FrancePARIS 1611368.7527.270.550.180.36
GermanyXETRA 1611368.7527.270.550.180.36
SpainIBEX 1711364.7127.270.550.180.36
BelgiumBRUSSELS 1611368.7527.270.550.180.36
PortugalLISBON 1711364.7127.270.550.180.36
BangladeshDSE 53160.0033.330.670.330.33
FOREXFOREX 96566.6783.330.330.000.33
Greece ATHENS 1611368.7527.270.550.270.27
ThailandSET 138361.5437.500.250.000.25
MalaysiaBURSA 58311953.4561.291.451.230.23
BelgiumBRUSSELS 2410541.6750.001.701.500.20
Vietnam HOSE 126350.0050.000.500.330.17
Hong KongHKEX 108680.0075.000.380.250.13
CanadaTSX 109690.0066.670.220.110.11
SingaporeSGX 1211691.6754.550.000.000.00
USOTCBB 1000.000.000.000.000.00
JordanASE 31133.33100.000.000.000.00
JapanTOKYO 116354.5550.000.170.170.00
BrazilBOVESPA 10114110.0036.360.450.450.00
RussiaMICEX 341133.3325.000.250.50-0.25
SwitzerlandSIX 87187.5014.290.291.00-0.71
KuwaitKSE 64166.6725.002.253.00-0.75
PortugalLISBON 1210383.3330.000.501.50-1.00
USWARRANTS 21050.000.000.001.00-1.00
CanadaCSE 51020.000.000.001.00-1.00
UAEUAE 86175.0016.670.171.67-1.50
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.