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
CanadaTSX-V 33211663.6476.199.191.108.10
QatarQE 19171089.4758.827.060.656.41
Hong KongHKEX 45825013154.5952.407.091.335.76
ArgentinaBUE 158653.3375.005.500.135.38
ArgentinaBUE 47261655.3261.546.190.925.27
DenmarkCOPENHAGEN 52291955.7765.525.860.665.21
USOTC PINK 3581758050.2844.448.032.975.06
JapanNAGOYA 32166.6750.005.500.505.00
NorwayOSE 84452553.5755.566.161.274.89
MexicoBMV 78392850.0071.794.970.644.33
USAMEX 124653852.4258.465.681.584.09
ThailandSET 86473154.6565.965.021.004.02
TurkeyBIST 38121013155.1262.384.550.743.81
South KoreaKOSDAQ 85048725657.2952.574.831.103.73
UKLSE 65333318851.0056.464.341.033.30
SwedenSTOCKHOLM 38222211458.1251.354.631.363.27
IndiaBSE 164289746654.6951.894.431.333.10
IndonesiaIDX 157794450.3255.704.331.243.09
IsraelTASE 1941216962.3757.024.291.223.07
IndiaNSE 165589145953.8451.524.261.213.05
TaiwanTWSE 41223011155.8348.263.800.813.00
PakistanKSE 117612952.1447.544.261.282.98
South KoreaKRX 62033316554.0349.254.151.172.98
USNASDAQ 140583843759.6452.154.451.502.96
AustraliaASX 1601036264.3860.193.810.882.92
TurkeyBIST 11118100.0072.733.180.272.91
CanadaTSX 41125515462.0460.393.871.002.87
NetherlandsAMSTERDAM 74352147.3060.003.290.462.83
ChinaSSE 46730317064.8856.113.871.092.78
ChinaSZSE 72645623262.8150.884.101.332.77
PhilippinesPSE 56371966.0751.353.510.782.73
The World 2006911575617357.7453.283.721.082.64
FrancePARIS 2921528652.7455.843.290.712.58
USNYSE 142287047561.2554.543.440.912.53
Poland GPW 125683654.4052.944.121.712.41
RussiaMICEX 113683560.1851.473.260.882.38
BangladeshDSE 2641445754.5539.583.631.382.25
MalaysiaBURSA 83442553.0156.822.980.862.11
ChileBCS 86543362.7961.112.590.502.09
Saudi ArabiaTADAWUL 83412549.4060.982.560.542.02
BelgiumBRUSSELS 31161051.6162.503.131.132.00
BrazilBOVESPA 2851608056.1450.003.211.241.96
JapanTOKYO 99661432661.6553.093.131.161.96
ItalyBORSA 2511337253.3953.732.600.931.68
GermanyXETRA 2611478056.3254.422.731.061.67
TaiwanGTSM 2861527653.1550.002.721.081.64
Greece ATHENS 34191355.8868.423.161.531.63
UKLSE 124333.3375.001.500.001.50
SpainIBEX 75482564.0052.082.060.751.31
SwitzerlandSIX 105623059.0548.391.870.611.26
Vietnam HNX 104240.0050.002.251.001.25
USPREFERRED 117683458.1250.001.790.621.18
Vietnam HOSE 66351553.0342.862.431.261.17
IndonesiaIDX 442100.0050.001.250.251.00
AustraliaASX 127558.3371.431.000.001.00
Poland GPW 106460.0066.671.000.001.00
ChileBCS 45271660.0059.261.150.190.96
DenmarkCOPENHAGEN 1611468.7536.361.270.360.91
SingaporeSGX 199447.3744.441.330.440.89
MexicoBMV 25171268.0070.591.120.290.82
PakistanKSE 1511673.3354.551.090.270.82
ChinaSSE 1610662.5060.001.100.300.80
PhilippinesPSE 25151160.0073.330.600.000.60
SwedenSTOCKHOLM 1310676.9260.000.800.200.60
Austria WIENERBORSE 2015575.0033.330.930.330.60
USFOREX 32191059.3852.630.740.160.58
South KoreaKOSDAQ 31211167.7452.380.710.140.57
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
UAEUAE 27161159.2668.750.750.190.56
NetherlandsAMSTERDAM 2216572.7331.250.880.310.56
ItalyBORSA 2216572.7331.250.880.310.56
IndiaNSE 24181075.0055.560.830.280.56
IsraelTASE 2411645.8354.550.820.270.55
TaiwanGTSM 1812766.6758.330.750.250.50
FOREXFOREX 138461.5450.000.500.000.50
Greece ATHENS 2216572.7331.250.880.380.50
BangladeshDSE 63150.0033.330.670.330.33
CanadaTSX 1411778.5763.640.360.090.27
MalaysiaBURSA 54380.0075.000.250.000.25
Vietnam HOSE 169556.2555.560.440.220.22
BrazilBOVESPA 11125109.0941.670.580.420.17
Hong KongHKEX 119581.8255.560.330.220.11
RussiaMICEX 1310476.9240.000.500.400.10
SwitzerlandSIX 1210283.3320.000.900.800.10
ThailandSET 2211350.0027.270.180.090.09
JapanFUKUOKA 1000.000.000.000.000.00
JordanASE 21150.00100.000.000.000.00
USOTCBB 1000.000.000.000.000.00
USWARRANTS 110100.000.000.000.000.00
JapanTOKYO 159460.0044.440.110.22-0.11
SingaporeSGX 1312692.3150.000.000.17-0.17
NorwayOSE 108380.0037.500.250.50-0.25
KuwaitKSE 84150.0025.002.002.50-0.50
Austria WIENERBORSE 31033.330.000.001.00-1.00
PortugalLISBON 1512480.0033.330.501.92-1.42
UAEUAE 107270.0028.570.431.86-1.43
CanadaCSE 166137.5016.670.006.33-6.33
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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