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.
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.
Pattern Performance in Stock Exchanges since 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
EgyptEGX 105450.0080.0017.801.2016.60
JapanNAGOYA 21150.00100.0012.000.0012.00
QatarQE 97577.7871.4310.710.4310.29
Greece ATHENS 149664.2966.676.560.895.67
USOTC PINK 181924451.3847.318.623.005.62
ArgentinaBUE 158653.3375.005.500.135.38
ArgentinaBUE 29181062.0755.565.720.784.94
ThailandSET 40241860.0075.005.420.634.79
Hong KongHKEX 2341277054.2755.125.451.034.42
DenmarkCOPENHAGEN 30181160.0061.115.220.894.33
PakistanKSE 65311547.6948.394.710.614.10
IsraelTASE 89482853.9358.334.940.944.00
CanadaTSX-V 1913768.4253.855.772.153.62
UKLSE 36418010349.4557.224.601.093.51
NorwayOSE 35161145.7168.753.810.383.44
TaiwanTWSE 2021115654.9550.454.481.053.42
CanadaTSX 2241367760.7156.623.881.012.87
TurkeyBIST 2271217053.3057.853.770.932.84
Austria WIENERBORSE 129775.0077.783.440.672.78
South KoreaKOSDAQ 49027913656.9448.754.041.302.74
USNASDAQ 83748826458.3054.103.961.322.64
RussiaMICEX 64462471.8852.173.280.722.57
Saudi ArabiaTADAWUL 36221261.1154.553.230.682.55
IndiaNSE 91749525353.9851.113.571.102.47
IndiaBSE 93551026454.5551.763.781.342.45
IndonesiaIDX 74412155.4151.223.511.152.37
AustraliaASX 88542761.3650.003.701.392.31
The World 107756224326457.7852.433.221.042.18
BangladeshDSE 151773250.9941.563.231.232.00
Poland GPW 64341753.1350.004.652.652.00
SwedenSTOCKHOLM 2031185958.1350.003.351.361.99
JapanTOKYO 51931717561.0855.
BrazilBOVESPA 137724252.5558.332.810.901.90
MexicoBMV 43181241.8666.672.941.061.89
SpainIBEX 47342072.3458.822.590.711.88
ChileBCS 46271758.7062.962.260.481.78
Vietnam HNX 104340.0075.002.500.751.75
ChinaSZSE 3462019258.0945.773.151.401.75
South KoreaKRX 3331818554.3546.962.730.991.75
ChinaSSE 2091317062.6853.442.761.021.74
FrancePARIS 143754052.4553.332.470.751.72
Vietnam HOSE 39211053.8547.622.480.761.71
PhilippinesPSE 33211163.6452.382.480.761.71
TurkeyBIST 663100.0050.002.170.501.67
USNYSE 85052827462.1251.892.500.911.60
USAMEX 68361852.9450.002.861.281.58
PakistanKSE 96466.6766.671.830.331.50
Poland GPW 64366.6775.001.500.001.50
NetherlandsAMSTERDAM 43211248.8457.142.000.571.43
TaiwanGTSM 147733949.6653.422.260.861.40
ItalyBORSA 144773553.4745.452.531.271.26
ChileBCS 28191367.8668.421.210.051.16
GermanyXETRA 150763651.3346.752.040.941.10
IndonesiaIDX 342133.3350.
IsraelTASE 155333.3360.
AustraliaASX 127558.3371.431.000.001.00
ChinaSSE 148557.1462.501.250.380.88
SwedenSTOCKHOLM 107570.0071.431.000.140.86
DenmarkCOPENHAGEN 96266.6733.331.000.170.83
USPREFERRED 60361660.0044.441.190.360.83
MexicoBMV 2113961.9069.231.080.310.77
USFOREX 2415962.5060.000.870.130.73
PhilippinesPSE 1811961.1181.820.730.000.73
TaiwanGTSM 1610662.5060.000.900.200.70
MalaysiaBURSA 51321762.7553.131.691.000.69
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 59331855.9354.550.970.550.42
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
MalaysiaBURSA 333100.00100.000.330.000.33
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
Vietnam HOSE 126350.0050.000.500.330.17
SingaporeSGX 117263.6428.570.710.570.14
Hong KongHKEX 108580.0062.500.380.250.13
CanadaTSX 109690.0066.670.220.110.11
SingaporeSGX 1211691.6754.550.000.000.00
JordanASE 111100.00100.
JapanTOKYO 116354.5550.
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 82025.
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


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