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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
ArgentinaBUE 179652.9466.674.890.114.78
PakistanKSE 24191379.1768.423.950.213.74
TurkeyBIST 1312892.3166.673.080.252.83
IndonesiaIDX 553100.0060.
BangladeshDSE 126450.0066.671.170.171.00
FOREXFOREX 1913968.4269.230.920.000.92
DenmarkCOPENHAGEN 1711464.7136.361.270.360.91
Poland GPW 117463.6457.140.860.000.86
UKLSE 2212954.5575.000.920.080.83
ChinaSSE 1710658.8260.001.100.300.80
ChileBCS 77502764.9454.
CanadaTSX 1713976.4769.230.770.080.69
PortugalLISBON 2920868.9740.000.850.250.60
South KoreaKOSDAQ 36251569.4460.000.720.120.60
IndiaNSE 26191173.0857.890.840.260.58
Austria WIENERBORSE 2316569.5731.250.880.310.56
SpainIBEX 2818664.2933.330.830.280.56
IsraelTASE 2711640.7454.550.820.270.55
BelgiumBRUSSELS 2917558.6229.410.820.290.53
GermanyXETRA 2717562.9629.410.820.290.53
FrancePARIS 2717562.9629.410.820.290.53
NetherlandsAMSTERDAM 2917558.6229.410.820.290.53
ItalyBORSA 2717562.9629.410.820.290.53
AustraliaASX 2416766.6743.750.500.000.50
PhilippinesPSE 37231562.1665.220.520.040.48
TaiwanGTSM 2215968.1860.000.670.200.47
UAEUAE 32201362.5065.000.650.200.45
Greece ATHENS 2618569.2327.780.780.330.44
USFOREX 39231158.9747.830.610.170.43
MexicoBMV 41291770.7358.620.720.340.38
ThailandSET 2714551.8535.710.430.070.36
Vietnam HOSE 2012760.0058.330.500.170.33
SwedenSTOCKHOLM 2016880.0050.000.560.250.31
DenmarkCOPENHAGEN 682151.472.860.330.040.29
MalaysiaBURSA 54380.0075.
Hong KongHKEX 119581.8255.560.330.220.11
NorwayOSE 1310476.9240.000.600.500.10
SwitzerlandSIX 2017585.0029.410.650.590.06
The World 2384380741957.623.
IndiaBSE 18713353.550.300.030.000.03
SwedenSTOCKHOLM 6261157.670.
IndiaNSE 19071155.790.
USWARRANTS 190052.630.
USPREFERRED 1290053.490.
USOTC PINK 3610050.970.
USNYSE 13390059.750.
USNASDAQ 17200056.
Vietnam HOSE 950050.530.
Vietnam HNX 230060.870.
USAMEX 1550048.390.
UKLSE 7090050.
TaiwanGTSM 3120058.650.
TaiwanTWSE 3910059.
TurkeyBIST 4820059.750.
ThailandSET 800051.
JapanNAGOYA 1000.
SingaporeSGX 240041.670.
CanadaCSE 350057.
CanadaTSX-V 690052.
CanadaTSX 3590062.400.
BelgiumBRUSSELS 420073.810.
BrazilBOVESPA 5370050.840.
AustraliaASX 2060061.650.
Austria WIENERBORSE 270062.960.
ArgentinaBUE 720061.
BangladeshDSE 2340052.
SpainIBEX 620056.450.
Greece ATHENS 320059.380.
FrancePARIS 2850052.980.
IndonesiaIDX 2730057.510.
Hong KongHKEX 5640049.
ChinaSZSE 12730063.940.
ChinaSSE 10440064.660.
GermanyXETRA 3440063.660.
ChileBCS 700051.430.
SwitzerlandSIX 1250050.400.
PakistanKSE 1440045.830.
Poland GPW 1570053.500.
PhilippinesPSE 530056.600.
JapanTOKYO 10950062.560.
MalaysiaBURSA 960053.
MexicoBMV 850055.
NetherlandsAMSTERDAM 640065.630.
NorwayOSE 1360050.
EgyptEGX 430041.860.
South KoreaKOSDAQ 8230056.
South KoreaKRX 5950057.
UAEUAE 140064.
Saudi ArabiaTADAWUL 1170049.570.
QatarQE 190052.630.
KuwaitKSE 100070.
IsraelTASE 3440054.940.
ItalyBORSA 2420052.480.
RussiaMICEX 1451060.
SingaporeSGX 23201086.9650.000.050.10-0.05
BrazilBOVESPA 2318878.2644.440.440.50-0.06
JapanTOKYO 2014770.0050.000.210.29-0.07
RussiaMICEX 1815583.3333.330.600.80-0.20
PortugalLISBON 112181.8211.110.090.38-0.29
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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