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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
JapanNAGOYA 31133.33100.0011.000.0011.00
EgyptEGX 1510866.6780.0010.300.709.60
CanadaTSX-V 26191273.0863.168.162.265.89
ArgentinaBUE 38201252.6360.006.250.705.55
ArgentinaBUE 158653.3375.005.500.135.38
QatarQE 1715888.2453.335.670.734.93
Vietnam HNX 116454.5566.675.331.174.17
DenmarkCOPENHAGEN 50271754.0062.964.850.744.11
ThailandSET 86473254.6568.095.061.004.06
South KoreaKOSDAQ 87048526255.7554.024.951.103.85
USOTC PINK 3421707850.2945.357.313.553.76
Hong KongHKEX 45124312553.8851.444.801.303.50
NorwayOSE 75332244.0066.674.360.913.45
USAMEX 136673949.2658.215.582.213.37
PakistanKSE 119602850.4246.674.330.973.37
UKLSE 64833420051.5459.884.080.833.25
IndonesiaIDX 143764453.1557.894.281.123.16
NetherlandsAMSTERDAM 74362248.6561.113.500.443.06
TurkeyBIST 36719410852.8655.673.790.882.91
IndiaNSE 151980241252.8051.374.051.192.86
ChinaSSE 35422512963.5657.333.791.002.78
FrancePARIS 2921599354.4558.493.390.702.69
IndiaBSE 165192546556.0350.274.121.432.69
TurkeyBIST 885100.0062.503.000.382.63
CanadaTSX 41124415259.3762.303.520.922.60
Austria WIENERBORSE 2312852.1766.673.330.752.58
TaiwanTWSE 42822510752.5747.563.470.902.56
BrazilBOVESPA 2551297350.5956.593.380.832.55
USNASDAQ 141783344159.0052.753.771.282.48
South KoreaKRX 62734517855.0251.593.340.992.34
The World 1877910676568856.8853.253.361.062.30
SwedenSTOCKHOLM 3191738554.2349.133.421.192.23
ChinaSZSE 58236918863.4050.953.571.352.22
RussiaMICEX 98623263.2751.613.130.952.18
Greece ATHENS 38221257.8954.553.501.412.09
MexicoBMV 72372351.3962.162.840.762.08
USNYSE 157092350858.7955.042.780.821.96
ChileBCS 81473058.0263.832.400.471.94
Saudi ArabiaTADAWUL 86432650.0060.472.580.651.93
IsraelTASE 1631005561.3555.003.231.331.90
JapanTOKYO 85353427962.6052.252.921.151.77
SpainIBEX 81513062.9658.822.530.761.76
PhilippinesPSE 64382059.3852.632.370.821.55
Poland GPW 116673657.7653.733.271.791.48
TaiwanGTSM 2781457352.1650.342.461.001.46
GermanyXETRA 2621477456.1150.342.410.981.43
PakistanKSE 107570.0071.431.710.291.43
ItalyBORSA 2621397753.0555.402.421.011.40
Vietnam HOSE 62351556.4542.862.571.201.37
AustraliaASX 158914957.5953.852.581.261.32
ChileBCS 31211467.7466.671.330.101.24
Poland GPW 75371.4360.001.200.001.20
AustraliaASX 127558.3371.431.000.001.00
IndonesiaIDX 342133.3350.001.250.251.00
MalaysiaBURSA 88482154.5543.752.021.060.96
MexicoBMV 24161266.6775.001.190.250.94
ChinaSSE 148557.1462.501.250.380.88
BangladeshDSE 2401385157.5036.962.371.510.86
IsraelTASE 186333.3350.001.000.170.83
USFOREX 2515960.0060.000.870.130.73
DenmarkCOPENHAGEN 107270.0028.570.860.140.71
PhilippinesPSE 2012960.0075.000.670.000.67
UKLSE 93233.3366.670.670.000.67
SwitzerlandSIX 105653261.9049.231.370.710.66
IndiaNSE 2317973.9152.940.880.290.59
USPREFERRED 107613057.0149.181.330.750.57
FOREXFOREX 97377.7842.860.570.000.57
SwedenSTOCKHOLM 129575.0055.560.780.220.56
South KoreaKOSDAQ 2718966.6750.000.720.170.56
TaiwanGTSM 1711664.7154.550.820.270.55
UAEUAE 2313956.5269.230.770.230.54
Austria WIENERBORSE 1510366.6730.000.600.200.40
NorwayOSE 75371.4360.000.400.000.40
PortugalLISBON 1811361.1127.270.550.180.36
ItalyBORSA 1711364.7127.270.550.180.36
NetherlandsAMSTERDAM 1711364.7127.270.550.180.36
FrancePARIS 1711364.7127.270.550.180.36
GermanyXETRA 1711364.7127.270.550.180.36
SpainIBEX 1911357.8927.270.550.180.36
BelgiumBRUSSELS 1711364.7127.270.550.180.36
SingaporeSGX 2614553.8535.710.860.500.36
BangladeshDSE 53160.0033.330.670.330.33
BelgiumBRUSSELS 3316648.4837.501.501.190.31
Greece ATHENS 1711364.7127.270.550.270.27
MalaysiaBURSA 443100.0075.000.250.000.25
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
JapanTOKYO 137353.8542.860.140.140.00
KuwaitKSE 83137.5033.332.672.670.00
USOTCBB 1000.000.000.000.000.00
SingaporeSGX 1211691.6754.550.000.000.00
RussiaMICEX 772100.0028.570.140.43-0.29
SwitzerlandSIX 98188.8912.500.250.88-0.63
JordanASE 43175.0033.330.000.67-0.67
CanadaCSE 143121.4333.331.332.00-0.67
UAEUAE 97277.7828.570.291.86-1.57
PortugalLISBON 1311384.6227.270.452.18-1.73
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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