BEARISH ADVANCE 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 selling decisions.
BEARISH ADVANCE BLOCK
Definition
This pattern consists of three consecutive white candlesticks with consecutively higher closes in an uptrend.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. A white candlestick appears on the first day.
3. The next two days are white candlesticks with each closing above the previous day’s close and having an opening within the range of the previous day’s body.
4. The last two days have long higher shadows.
Pattern Requirements and Flexibility
The first candlestick of a Bearish Advance Block should be a normal or long white candlestick. The following consecutive white candlesticks must open within the range of the previous day’s body, and close above the previous day’s close. The bodies of the three white candlesticks should get shorter, while the higher shadows get longer.
Trader’s Behavior
A strong white candlestick is followed by another white candlestick closing above the previous close. As two consecutive white candlesticks occur, the uptrend seems secure and the bulls are content. The secure uptrend attracts more bulls, and the third day is again a white candlestick that is closing above the previous day’s close. With three white candlesticks, it looks as though bulls rule over the market; however there are signs of weaknesses. First, the bodies get shorter and shorter, showing that indecision is increasing. Second, each day opens within the range of the previous day’s body. Third, the upper shadows are getting longer. While the second and the third days are closing higher, the distance between closes are getting shorter. This means that the uptrend is losing strength and that buyers must be cautious.
Sell/Stop Loss Levels
The confirmation level is defined as the midpoint of the last white body. Prices should cross below this level for confirmation.

The stop loss level is defined as the higher of the last two highs. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered.
Title
Pattern Performance in Stock Exchanges since 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 21150.00100.0021.000.0021.00
EgyptEGX 31133.33100.0020.000.0020.00
IndonesiaIDX 2313756.5253.858.690.857.85
TurkeyBIST 56331958.9357.586.240.645.61
SingaporeSGX 61116.67100.005.000.005.00
USOTC PINK 118723561.0248.617.002.144.86
TaiwanGTSM 60301750.0056.675.500.834.67
Hong KongHKEX 167794847.3160.765.140.784.35
ThailandSET 113227.2766.674.670.334.33
MexicoBMV 43221451.1663.644.500.683.82
PortugalLISBON 52140.0050.004.000.503.50
SwedenSTOCKHOLM 108533150.0057.414.411.093.31
UAEUAE 1511773.3363.643.450.183.27
South KoreaKOSDAQ 2371388958.2364.494.251.043.21
PakistanKSE 40231857.5078.263.570.652.91
RussiaMICEX 87687.5085.712.860.002.86
USNASDAQ 70639820756.3752.013.691.082.61
IndiaBSE 2511347453.3955.223.751.182.57
SpainIBEX 3115748.3946.672.870.532.33
UKLSE 41821913452.3961.193.160.872.30
AustraliaASX 91472251.6546.813.281.022.26
Saudi ArabiaTADAWUL 3111535.4845.453.361.362.00
ChileBCS 36271775.0062.962.480.521.96
Vietnam HOSE 47261555.3257.692.850.921.92
NorwayOSE 2410641.6760.002.800.901.90
PhilippinesPSE 149764.2977.782.330.441.89
IndiaNSE 2191216455.2552.893.101.261.84
MalaysiaBURSA 2615757.6946.673.401.601.80
IsraelTASE 95512653.6850.982.590.801.78
ChinaSZSE 94854328257.2851.933.211.431.78
JapanTOKYO 49228914658.7450.522.891.151.74
South KoreaKRX 166904454.2248.892.761.021.73
BrazilBOVESPA 1811961.1181.821.820.091.73
Greece ATHENS 2218981.8250.004.723.001.72
TaiwanTWSE 79502663.2952.002.620.941.68
CanadaTSX 1961115956.6353.152.600.941.67
The World 104045892298656.6450.672.630.981.65
ChileBCS 3014746.6750.002.000.431.57
Vietnam HOSE 119481.8244.441.560.001.56
BelgiumBRUSSELS 2211750.0063.641.820.271.55
FrancePARIS 104633360.5852.382.541.001.54
Hong KongHKEX 1511873.3372.731.360.001.36
JapanTOKYO 22171177.2764.711.470.121.35
CanadaTSX-V 86275.0033.335.504.171.33
TaiwanGTSM 127558.3371.431.290.001.29
ChinaSSE 66337718256.8648.282.641.381.26
IsraelTASE 25201280.0060.001.300.151.15
NorwayOSE 167443.7557.141.290.141.14
USPREFERRED 89512657.3050.981.350.221.14
GermanyXETRA 148713747.9752.112.040.921.13
ItalyBORSA 107542450.4744.441.650.670.98
NetherlandsAMSTERDAM 41271365.8548.151.961.000.96
PhilippinesPSE 2214863.6457.141.210.290.93
SingaporeSGX 126350.0050.001.000.170.83
USNYSE 89648422054.0245.451.810.990.82
ThailandSET 22161172.7368.751.000.190.81
FOREXFOREX 2317973.9152.940.940.180.76
SwitzerlandSIX 118672.7375.000.880.130.75
Vietnam HNX 63250.0066.673.002.330.67
SwitzerlandSIX 53271550.9455.561.330.670.67
USAMEX 62351756.4548.572.712.060.66
Poland GPW 2111752.3863.640.910.270.64
ItalyBORSA 85362.5060.000.800.200.60
NetherlandsAMSTERDAM 85362.5060.000.800.200.60
FrancePARIS 85362.5060.000.800.200.60
GermanyXETRA 85362.5060.000.800.200.60
BelgiumBRUSSELS 85362.5060.000.800.200.60
BangladeshDSE 75371.4360.000.800.200.60
Poland GPW 38241163.1645.834.173.580.58
CanadaTSX 1710858.8280.000.500.000.50
TurkeyBIST 1812766.6758.330.920.420.50
BangladeshDSE 50341768.0050.002.592.120.47
MalaysiaBURSA 105150.0020.000.800.400.40
DenmarkCOPENHAGEN 1514793.3350.000.640.360.29
IndonesiaIDX 1512880.0066.670.420.170.25
ArgentinaBUE 188544.4462.500.630.380.25
BrazilBOVESPA 93512054.8439.221.451.240.22
South KoreaKOSDAQ 1915678.9540.000.530.400.13
PakistanKSE 138461.5450.000.500.380.13
USFOREX 179452.9444.440.440.330.11
ChinaSSE 75371.4360.000.200.200.00
SpainIBEX 86275.0033.330.330.330.00
Austria WIENERBORSE 21050.000.000.000.000.00
IndiaNSE 149464.2944.440.110.110.00
JapanNAGOYA 2000.000.000.000.000.00
RussiaMICEX 37241064.8641.671.381.380.00
QatarQE 117363.6442.860.710.86-0.14
AustraliaASX 137353.8542.860.290.43-0.14
SwedenSTOCKHOLM 1510366.6730.000.300.50-0.20
UKLSE 198342.1137.500.130.38-0.25
Greece ATHENS 53160.0033.330.000.33-0.33
Austria WIENERBORSE 53160.0033.330.000.33-0.33
MexicoBMV 179452.9444.440.110.56-0.44
KuwaitKSE 104140.0025.000.250.75-0.50
PortugalLISBON 65183.3320.000.000.60-0.60
DenmarkCOPENHAGEN 2214563.6435.710.791.79-1.00
UAEUAE 110100.000.000.001.00-1.00
ArgentinaBUE 198342.1137.501.002.25-1.25
CanadaCSE 54280.0050.005.509.50-4.00
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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