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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
EgyptEGX 31133.33100.0020.000.0020.00
USOTC PINK 80502662.5052.006.981.505.48
ThailandSET 51120.00100.005.000.005.00
TaiwanGTSM 39201251.2860.004.750.404.35
Hong KongHKEX 122603349.1855.005.100.854.25
TurkeyBIST 4018745.0038.894.500.893.61
CanadaCSE 221100.0050.006.002.503.50
PortugalLISBON 52140.0050.004.000.503.50
NorwayOSE 167543.7571.433.290.143.14
UAEUAE 117563.6471.433.290.143.14
AustraliaASX 69331647.8348.484.211.093.12
IndiaBSE 1981066253.5458.493.941.002.94
SwedenSTOCKHOLM 75402753.3367.503.600.702.90
RussiaMICEX 776100.0085.712.860.002.86
PakistanKSE 35201657.1480.003.300.452.85
MexicoBMV 29161055.1762.503.690.882.81
NorwayOSE 143221.4366.672.670.002.67
South KoreaKOSDAQ 1781036158.4358.653.851.192.65
IndonesiaIDX 178347.0637.503.881.252.63
UKLSE 29616110154.3962.733.200.642.57
MalaysiaBURSA 1812566.6741.673.581.082.50
South KoreaKRX 142744052.1154.053.160.682.49
Poland GPW 2715755.5646.675.333.132.20
IndiaNSE 1731005457.8054.003.361.162.20
Saudi ArabiaTADAWUL 206230.0033.333.171.002.17
USNASDAQ 54431415857.7250.323.171.022.15
SpainIBEX 2814650.0042.862.430.571.86
Vietnam HOSE 39211353.8561.902.570.761.81
BrazilBOVESPA 1410871.4380.001.900.101.80
CanadaTSX 148834656.0855.422.430.701.73
IsraelTASE 58291450.0048.282.410.721.69
ItalyBORSA 74381951.3550.002.240.611.63
ChileBCS 228336.3637.502.130.501.63
The World 67863896198157.4450.822.540.941.60
JapanTOKYO 37021810758.9249.082.611.141.47
ChinaSZSE 65437919457.9551.192.921.451.47
Hong KongHKEX 117563.6471.431.430.001.43
SwitzerlandSIX 35191154.2957.891.740.321.42
FrancePARIS 77502664.9452.002.501.121.38
Austria WIENERBORSE 148557.1462.501.380.001.38
JapanTOKYO 22171177.2764.711.470.121.35
TurkeyBIST 117563.6471.431.570.291.29
ChinaSSE 47427012456.9645.932.571.341.24
Poland GPW 168650.0075.001.250.131.13
NetherlandsAMSTERDAM 30201066.6750.001.950.851.10
ThailandSET 1512980.0075.001.330.251.08
ChileBCS 27201074.0750.001.500.451.05
GermanyXETRA 109553050.4654.551.910.871.04
SingaporeSGX 52140.0050.002.501.501.00
MalaysiaBURSA 73142.8633.331.330.331.00
BelgiumBRUSSELS 188444.4450.001.380.381.00
CanadaTSX-V 772100.0028.574.713.711.00
USPREFERRED 65372056.9254.051.240.270.97
IsraelTASE 1714982.3564.291.070.210.86
PhilippinesPSE 86475.0066.671.500.670.83
TaiwanTWSE 55361865.4550.001.750.940.81
USAMEX 43261360.4750.002.041.270.77
FOREXFOREX 2216872.7350.000.940.190.75
DenmarkCOPENHAGEN 1210683.3360.000.900.200.70
BangladeshDSE 41301573.1750.002.702.000.70
USNYSE 74442417757.1241.651.701.000.70
PhilippinesPSE 1812666.6750.001.000.330.67
SwitzerlandSIX 85462.5080.000.800.200.60
BelgiumBRUSSELS 75371.4360.000.800.200.60
GermanyXETRA 75371.4360.000.800.200.60
FrancePARIS 75371.4360.000.800.200.60
ItalyBORSA 75371.4360.000.800.200.60
NetherlandsAMSTERDAM 75371.4360.000.800.200.60
PakistanKSE 106460.0066.670.670.170.50
CanadaTSX 159760.0077.780.440.000.44
TaiwanGTSM 105350.0060.000.400.000.40
IndonesiaIDX 98788.8987.500.380.130.25
SingaporeSGX 105250.0040.000.400.200.20
IndiaNSE 116454.5566.670.170.000.17
ArgentinaBUE 107470.0057.140.570.430.14
BrazilBOVESPA 59371262.7132.431.241.160.08
Vietnam HOSE 64166.6725.000.000.000.00
UKLSE 155233.3340.000.200.200.00
JapanNAGOYA 2000.000.000.000.000.00
SpainIBEX 76285.7133.330.330.330.00
ChinaSSE 54380.0075.000.250.250.00
South KoreaKOSDAQ 1210483.3340.000.500.60-0.10
SwedenSTOCKHOLM 139369.2333.330.330.44-0.11
AustraliaASX 97377.7842.860.290.43-0.14
BangladeshDSE 54280.0050.000.000.25-0.25
USFOREX 83037.500.000.000.33-0.33
RussiaMICEX 2315665.2240.001.271.60-0.33
QatarQE 106260.0033.330.671.00-0.33
Greece ATHENS 43175.0033.330.000.33-0.33
Austria WIENERBORSE 43175.0033.330.000.33-0.33
MexicoBMV 169456.2544.440.110.56-0.44
PortugalLISBON 551100.0020.000.000.60-0.60
ArgentinaBUE 158453.3350.001.382.00-0.63
KuwaitKSE 84150.0025.000.251.00-0.75
Greece ATHENS 12136108.3346.152.853.62-0.77
DenmarkCOPENHAGEN 1612475.0033.330.831.67-0.83
Vietnam HNX 64266.6750.000.502.00-1.50
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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