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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
EgyptEGX 146542.8683.3315.001.0014.00
JapanNAGOYA 21150.00100.0011.000.0011.00
CanadaTSX-V 31191561.2978.959.841.218.63
QatarQE 19171089.4758.827.060.656.41
Hong KongHKEX 44224013054.3054.177.501.306.20
USOTC PINK 3391648049.5647.628.853.025.83
ArgentinaBUE 158653.3375.005.500.135.38
NorwayOSE 80422452.5057.146.551.295.26
ArgentinaBUE 46251554.3560.006.120.965.16
DenmarkCOPENHAGEN 48271756.2562.965.300.704.59
MexicoBMV 77382849.3573.685.110.664.45
ThailandSET 82453054.8866.675.240.984.27
USAMEX 124643751.6157.815.481.583.91
South KoreaKOSDAQ 81646324256.7452.274.941.123.82
TurkeyBIST 36419811854.4059.604.520.823.70
South KoreaKRX 58631516253.7551.434.411.103.31
PakistanKSE 112602953.5748.334.331.103.23
UKLSE 62331517750.5656.194.281.053.23
USNASDAQ 140183443859.5352.524.541.473.07
TaiwanTWSE 39622211056.0649.553.830.763.07
IndiaBSE 156385743754.8350.994.391.353.04
AustraliaASX 1581006163.2961.003.850.823.03
IndonesiaIDX 152774150.6653.254.301.273.03
IndiaNSE 156884243153.7051.194.181.232.95
CanadaTSX 40524715260.9961.543.910.972.95
TurkeyBIST 996100.0066.673.220.332.89
FrancePARIS 2831518753.3657.623.490.712.78
The World 1843110620566757.6453.343.771.082.68
ChinaSSE 40927115166.2655.723.751.092.66
IsraelTASE 1911186961.7858.473.771.242.53
ChinaSZSE 63941320764.6350.123.871.372.50
USNYSE 139984945960.6954.063.380.902.48
RussiaMICEX 106653461.3252.313.370.892.48
NetherlandsAMSTERDAM 69342049.2858.822.820.472.35
SwedenSTOCKHOLM 36120510556.7951.223.671.382.30
Poland GPW 116653556.0353.853.951.692.26
BelgiumBRUSSELS 2915951.7260.003.401.202.20
ChileBCS 83513261.4562.752.670.492.18
MalaysiaBURSA 80432453.7555.813.050.932.12
Saudi ArabiaTADAWUL 82402548.7862.502.630.532.10
JapanTOKYO 95358931761.8053.823.231.162.07
TaiwanGTSM 2761447352.1750.692.841.011.83
BangladeshDSE 2541395554.7239.573.161.361.80
BrazilBOVESPA 2671477555.0651.022.931.191.74
PhilippinesPSE 57371964.9151.352.490.781.70
GermanyXETRA 2571427655.2553.522.761.081.68
ItalyBORSA 2491327153.0153.792.610.951.67
Greece ATHENS 31181258.0666.673.171.611.56
UKLSE 124333.3375.001.500.001.50
SpainIBEX 76502765.7954.002.020.721.30
SwitzerlandSIX 105623059.0548.391.870.611.26
Vietnam HNX 104240.0050.002.251.001.25
USPREFERRED 112623255.3651.611.850.651.21
Vietnam HOSE 65371656.9243.242.381.221.16
ChileBCS 38241563.1662.501.210.171.04
Poland GPW 106460.0066.671.000.001.00
IndonesiaIDX 442100.0050.001.250.251.00
AustraliaASX 127558.3371.431.000.001.00
DenmarkCOPENHAGEN 1611468.7536.361.270.360.91
PakistanKSE 1310676.9260.001.200.300.90
MexicoBMV 25171268.0070.591.120.290.82
SingaporeSGX 199447.3744.441.220.440.78
ChinaSSE 159560.0055.561.110.330.78
IsraelTASE 2310643.4860.000.900.200.70
USFOREX 30181060.0055.560.780.110.67
Austria WIENERBORSE 2015575.0033.330.930.330.60
SwedenSTOCKHOLM 1310676.9260.000.800.200.60
PhilippinesPSE 23141060.8771.430.570.000.57
FOREXFOREX 137353.8542.860.570.000.57
PortugalLISBON 2316569.5731.250.880.310.56
FrancePARIS 2216572.7331.250.880.310.56
SpainIBEX 2416566.6731.250.880.310.56
GermanyXETRA 2216572.7331.250.880.310.56
BelgiumBRUSSELS 2216572.7331.250.880.310.56
ItalyBORSA 2216572.7331.250.880.310.56
UAEUAE 27161159.2668.750.750.190.56
NetherlandsAMSTERDAM 2216572.7331.250.880.310.56
IndiaNSE 24181075.0055.560.830.280.56
South KoreaKOSDAQ 2919965.5247.370.680.160.53
TaiwanGTSM 1812766.6758.330.750.250.50
Greece ATHENS 2216572.7331.250.880.380.50
BangladeshDSE 63150.0033.330.670.330.33
MalaysiaBURSA 54380.0075.000.250.000.25
Vietnam HOSE 169556.2555.560.440.220.22
SwitzerlandSIX 119281.8222.221.000.780.22
BrazilBOVESPA 11125109.0941.670.580.420.17
Hong KongHKEX 119581.8255.560.330.220.11
CanadaTSX 1310676.9260.000.200.100.10
ThailandSET 2111352.3827.270.180.090.09
JapanTOKYO 147350.0042.860.140.140.00
JordanASE 21150.00100.000.000.000.00
Austria WIENERBORSE 2000.000.000.000.000.00
USOTCBB 1000.000.000.000.000.00
USWARRANTS 110100.000.000.000.000.00
SingaporeSGX 1211691.6754.550.000.000.00
RussiaMICEX 129375.0033.330.330.44-0.11
NorwayOSE 108380.0037.500.250.50-0.25
KuwaitKSE 74157.1425.002.002.50-0.50
PortugalLISBON 1412485.7133.330.501.92-1.42
UAEUAE 107270.0028.570.431.86-1.43
CanadaCSE 187238.8928.570.575.29-4.71
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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