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 147650.0085.7113.290.7112.57
JapanNAGOYA 21150.00100.0011.000.0011.00
CanadaTSX-V 24171370.8376.4710.531.359.18
ArgentinaBUE 158653.3375.005.500.135.38
QatarQE 1615893.7553.335.670.734.93
DenmarkCOPENHAGEN 45251655.5664.005.600.724.88
ThailandSET 71412857.7568.295.510.804.71
Hong KongHKEX 39621111353.2853.556.041.374.66
USOTC PINK 2901386750.3445.897.803.194.61
ArgentinaBUE 37191251.3563.165.110.634.47
Vietnam HNX 115445.4580.004.800.604.20
NorwayOSE 63322050.7962.504.781.003.78
USAMEX 122583247.5455.175.311.573.74
IndonesiaIDX 134673950.0058.214.631.103.52
South KoreaKOSDAQ 75443022457.0352.094.591.203.39
PakistanKSE 101542753.4750.004.441.093.35
TurkeyBIST 33017410152.7358.053.980.863.12
UKLSE 53627215850.9357.883.990.953.04
USNASDAQ 126374539359.0752.684.371.382.99
TaiwanTWSE 3611959454.0248.213.790.822.97
MexicoBMV 62312350.0074.193.580.712.87
IndiaNSE 138073236953.0450.413.971.212.77
FrancePARIS 2501357754.0057.043.480.732.76
CanadaTSX 37423114061.7660.613.741.002.75
IsraelTASE 150945562.6758.514.011.352.66
TurkeyBIST 885100.0062.503.000.382.63
RussiaMICEX 93613165.5950.823.440.922.52
NetherlandsAMSTERDAM 64311848.4458.063.000.482.52
IndiaBSE 139176938755.2850.333.821.392.43
ChinaSSE 31820010562.8952.503.571.162.42
The World 168499616510457.1453.023.411.062.35
South KoreaKRX 55229414553.2649.323.451.102.35
AustraliaASX 133824761.6557.323.270.992.28
SwedenSTOCKHOLM 3001729257.3353.493.401.122.27
ChileBCS 74422856.7666.672.620.382.24
BrazilBOVESPA 2311236653.2553.663.241.002.24
Austria WIENERBORSE 2113861.9061.542.920.692.23
Poland GPW 98542755.1050.003.911.722.19
Saudi ArabiaTADAWUL 76372248.6859.462.650.572.08
USNYSE 133480343260.1953.802.930.892.05
ChinaSZSE 50831215161.4248.403.571.522.05
JapanTOKYO 81950226461.2952.593.011.161.86
SpainIBEX 69462666.6756.522.460.701.76
GermanyXETRA 2271226654.1953.662.700.971.73
Greece ATHENS 28161057.1462.503.441.811.63
BangladeshDSE 2301305156.5239.232.971.361.61
PakistanKSE 107570.0071.431.710.291.43
PhilippinesPSE 51321662.7550.002.130.751.38
ItalyBORSA 2251216553.7853.722.270.981.30
SwitzerlandSIX 92573061.9652.631.650.581.07
TaiwanGTSM 2401256252.0849.602.020.961.06
ChileBCS 35231465.7160.871.220.171.04
Poland GPW 86375.0050.001.000.001.00
IndonesiaIDX 442100.0050.001.250.251.00
AustraliaASX 127558.3371.431.000.001.00
MexicoBMV 24161266.6775.001.190.250.94
Vietnam HOSE 53301356.6043.332.001.070.93
ChinaSSE 148557.1462.501.250.380.88
IsraelTASE 197436.8457.141.000.140.86
USFOREX 2515960.0060.000.870.130.73
DenmarkCOPENHAGEN 107270.0028.570.860.140.71
USPREFERRED 95522554.7448.081.400.690.71
PhilippinesPSE 2012960.0075.000.670.000.67
UKLSE 93233.3366.670.670.000.67
SingaporeSGX 2011455.0036.361.000.360.64
IndiaNSE 2317973.9152.940.880.290.59
FOREXFOREX 97377.7842.860.570.000.57
SwedenSTOCKHOLM 129575.0055.560.780.220.56
South KoreaKOSDAQ 2718966.6750.000.720.170.56
MalaysiaBURSA 74381951.3550.001.661.110.55
TaiwanGTSM 1711664.7154.550.820.270.55
UAEUAE 2313956.5269.230.770.230.54
NorwayOSE 75371.4360.000.400.000.40
Austria WIENERBORSE 1611468.7536.360.550.180.36
PortugalLISBON 1912463.1633.330.500.170.33
ItalyBORSA 1812466.6733.330.500.170.33
NetherlandsAMSTERDAM 1812466.6733.330.500.170.33
GermanyXETRA 1812466.6733.330.500.170.33
FrancePARIS 1812466.6733.330.500.170.33
SpainIBEX 2012460.0033.330.500.170.33
BelgiumBRUSSELS 1812466.6733.330.500.170.33
BangladeshDSE 53160.0033.330.670.330.33
Greece ATHENS 1812466.6733.330.500.250.25
MalaysiaBURSA 54380.0075.000.250.000.25
BrazilBOVESPA 11125109.0941.670.580.420.17
Vietnam HOSE 137453.8557.140.430.290.14
Hong KongHKEX 108580.0062.500.380.250.13
CanadaTSX 119681.8266.670.220.110.11
ThailandSET 1811361.1127.270.180.090.09
JordanASE 21150.00100.000.000.000.00
JapanFUKUOKA 1000.000.000.000.000.00
JapanTOKYO 137353.8542.860.140.140.00
KuwaitKSE 73142.8633.332.672.670.00
USOTCBB 1000.000.000.000.000.00
SingaporeSGX 1211691.6754.550.000.000.00
BelgiumBRUSSELS 2611642.3154.551.271.45-0.18
RussiaMICEX 772100.0028.570.140.43-0.29
CanadaCSE 144228.5750.001.001.50-0.50
SwitzerlandSIX 98188.8912.500.250.88-0.63
UAEUAE 97277.7828.570.431.86-1.43
PortugalLISBON 1311384.6227.270.452.09-1.64
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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