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.
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.
Pattern Performance in Stock Exchanges since 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
EgyptEGX 31133.33100.0020.000.0020.00
USOTC PINK 76472461.8451.066.741.555.19
ThailandSET 51120.00100.
TaiwanGTSM 37211356.7661.904.900.384.52
TurkeyBIST 3816642.1137.505.000.634.38
Hong KongHKEX 119613351.2654.105.080.844.25
PortugalLISBON 52140.0050.004.000.503.50
NorwayOSE 145435.7180.003.600.203.40
IndiaBSE 1891025953.9757.844.020.983.04
CanadaCSE 111100.00100.
UAEUAE 117563.6471.433.140.143.00
SwedenSTOCKHOLM 71382553.5265.793.660.742.92
RussiaMICEX 776100.0085.712.860.002.86
PakistanKSE 34201658.8280.003.300.452.85
MexicoBMV 28161057.1462.503.690.882.81
NorwayOSE 113227.2766.672.670.002.67
UKLSE 2781539655.0462.753.200.632.58
South KoreaKRX 137683649.6452.943.190.682.51
MalaysiaBURSA 1712570.5941.673.581.082.50
South KoreaKOSDAQ 159925458.4958.063.581.322.26
Saudi ArabiaTADAWUL 206230.0033.333.171.002.17
AustraliaASX 65311547.6948.393.191.102.10
USNASDAQ 50729914858.9749.503.121.032.09
Poland GPW 2715755.5646.675.203.132.07
IndiaNSE 160934958.1352.693.191.192.00
ItalyBORSA 68331848.5354.552.550.611.94
Vietnam HOSE 37201254.0560.002.700.801.90
CanadaTSX 132744056.0654.052.680.781.89
SpainIBEX 2714651.8542.862.430.571.86
BrazilBOVESPA 1410871.4380.001.900.101.80
IsraelTASE 53271250.9444.442.520.781.74
ChileBCS 228336.3637.502.130.501.63
The World 64673725188057.6350.442.510.951.56
JapanTOKYO 35020810459.4350.002.671.121.55
SwitzerlandSIX 32181056.2555.561.780.331.44
Hong KongHKEX 117563.6471.431.430.001.43
ChinaSZSE 63436518757.5751.232.881.471.41
Austria WIENERBORSE 138561.5462.501.380.001.38
FrancePARIS 76502665.7952.002.481.121.36
JapanTOKYO 20161080.0062.501.440.131.31
ChileBCS 45361980.0052.781.670.361.31
TurkeyBIST 117563.6471.431.570.291.29
ChinaSSE 45426112057.4945.982.531.351.18
Poland GPW 168650.0075.
ThailandSET 1512980.0075.001.330.251.08
NetherlandsAMSTERDAM 2819967.8647.371.950.891.05
RussiaMICEX 1810455.5640.001.700.701.00
SingaporeSGX 42150.0050.002.501.501.00
MalaysiaBURSA 73142.8633.331.330.331.00
GermanyXETRA 104522850.0053.851.870.920.94
USPREFERRED 62351956.4554.
IsraelTASE 1614987.5064.
BelgiumBRUSSELS 167343.7542.861.290.430.86
PhilippinesPSE 86475.0066.671.500.670.83
PhilippinesPSE 1611668.7554.551.090.270.82
FOREXFOREX 2115771.4346.671.000.200.80
TaiwanTWSE 53341764.1550.001.620.910.71
DenmarkCOPENHAGEN 1210683.3360.000.900.200.70
USNYSE 71940716556.7540.441.620.990.63
USAMEX 41241258.5450.001.961.330.63
ItalyBORSA 75371.4360.000.800.200.60
NetherlandsAMSTERDAM 75371.4360.000.800.200.60
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
BangladeshDSE 39281471.7950.002.682.140.54
PakistanKSE 96466.6766.670.670.170.50
CanadaTSX 148657.1475.000.500.000.50
TaiwanGTSM 95355.5660.000.400.000.40
IndonesiaIDX 167243.7528.571.711.430.29
IndonesiaIDX 98788.8987.500.380.130.25
SingaporeSGX 95255.5640.000.400.200.20
BrazilBOVESPA 55321158.1834.381.311.130.19
IndiaNSE 96466.6766.670.170.000.17
ArgentinaBUE 96366.6750.000.670.500.17
SwedenSTOCKHOLM 128366.6737.500.380.250.13
SpainIBEX 76285.7133.330.330.330.00
ChinaSSE 54380.0075.
JapanNAGOYA 2000.
Vietnam HOSE 64166.6725.
UKLSE 144228.5750.
South KoreaKOSDAQ 1210483.3340.000.500.60-0.10
BangladeshDSE 54280.0050.000.000.25-0.25
USFOREX 83037.500.000.000.33-0.33
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
AustraliaASX 86275.0033.330.170.50-0.33
PortugalLISBON 551100.0020.000.000.60-0.60
ArgentinaBUE 158453.3350.001.382.00-0.63
MexicoBMV 158353.3337.500.000.63-0.63
KuwaitKSE 63150.0033.330.331.00-0.67
Greece ATHENS 12137108.3353.852.923.62-0.69
DenmarkCOPENHAGEN 1511373.3327.270.821.82-1.00
Vietnam HNX 74257.1450.000.502.00-1.50
CanadaTSX-V 661100.0016.670.334.33-4.00
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© family websites


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