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 21150.00100.0020.000.0020.00
ThailandSET 51120.00100.
USOTC PINK 75462361.3350.006.481.594.89
TaiwanGTSM 37211356.7661.904.900.384.52
Hong KongHKEX 116583350.0056.905.340.844.50
TurkeyBIST 3516745.7143.755.130.634.50
PortugalLISBON 52140.0050.004.000.503.50
NorwayOSE 145435.7180.003.600.203.40
SwedenSTOCKHOLM 70382554.2965.793.710.742.97
MexicoBMV 2815953.5760.003.870.932.93
IndiaBSE 181955752.4960.003.910.982.93
MalaysiaBURSA 1913668.4246.153.921.002.92
RussiaMICEX 776100.0085.712.860.002.86
UAEUAE 106460.0066.673.000.172.83
NorwayOSE 103230.0066.672.670.002.67
South KoreaKRX 124643451.6153.133.360.722.64
UKLSE 2701459053.7062.073.170.642.52
PakistanKSE 33191557.5878.952.840.472.37
AustraliaASX 62281345.1646.433.431.182.25
Saudi ArabiaTADAWUL 206230.0033.333.171.002.17
IndiaNSE 149854657.0554.123.351.192.16
USNASDAQ 48628714159.0549.
Vietnam HOSE 33171051.5258.823.000.942.06
CanadaTSX 124724058.0655.562.750.752.00
ItalyBORSA 67321847.7656.252.630.632.00
South KoreaKOSDAQ 148855058.1158.143.331.341.99
Poland GPW 2614653.8542.865.213.361.86
BrazilBOVESPA 1410871.4380.001.900.101.80
IsraelTASE 52271251.9244.442.520.781.74
ChileBCS 228336.3637.502.130.501.63
SpainIBEX 2412550.0041.672.250.671.58
The World 62003553178357.3250.172.500.971.53
JapanTOKYO 3331949758.2650.002.601.131.47
SwitzerlandSIX 32181056.2555.561.780.331.44
Hong KongHKEX 117563.6471.431.430.001.43
Austria WIENERBORSE 138561.5462.501.380.001.38
ChinaSZSE 61635317857.3150.422.811.491.32
JapanTOKYO 20161080.0062.501.440.131.31
TurkeyBIST 117563.6471.431.570.291.29
Poland GPW 137653.8585.711.430.141.29
RussiaMICEX 169456.2544.441.890.671.22
FrancePARIS 70452164.2946.672.381.201.18
ChileBCS 25201080.0050.001.500.351.15
ChinaSSE 43825511558.2245.102.491.371.12
ThailandSET 1512980.0075.001.330.251.08
NetherlandsAMSTERDAM 2819967.8647.371.950.891.05
MalaysiaBURSA 73142.8633.331.330.331.00
USPREFERRED 61341955.7455.881.240.290.94
FOREXFOREX 1913668.4246.
IsraelTASE 1513986.6769.
GermanyXETRA 98482648.9854.171.921.000.92
PhilippinesPSE 86475.0066.671.500.670.83
PhilippinesPSE 1510566.6750.001.100.300.80
DenmarkCOPENHAGEN 1210683.3360.000.900.200.70
CanadaTSX 126550.0083.330.670.000.67
USAMEX 40241260.0050.001.961.330.63
USNYSE 69339315656.7139.691.641.010.62
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
FrancePARIS 75371.4360.000.800.200.60
GermanyXETRA 75371.4360.000.800.200.60
BangladeshDSE 38281473.6850.002.682.140.54
TaiwanTWSE 53341764.1550.001.410.910.50
TaiwanGTSM 84350.0075.000.500.000.50
IndonesiaIDX 145135.7120.002.201.800.40
BelgiumBRUSSELS 156240.0033.330.830.500.33
IndonesiaIDX 98788.8987.500.380.130.25
SingaporeSGX 95255.5640.000.400.200.20
IndiaNSE 85462.5080.
ArgentinaBUE 96366.6750.000.670.500.17
SwedenSTOCKHOLM 128366.6737.500.380.250.13
JapanNAGOYA 1000.
ChinaSSE 54380.0075.
SpainIBEX 76285.7133.330.330.330.00
Vietnam HOSE 64166.6725.
UKLSE 144228.5750.
South KoreaKOSDAQ 1210483.3340.000.500.60-0.10
BrazilBOVESPA 5028856.0028.571.041.21-0.18
PakistanKSE 85362.5060.000.000.20-0.20
AustraliaASX 75271.4340.000.200.40-0.20
BangladeshDSE 54280.0050.000.000.25-0.25
USFOREX 83037.500.000.000.33-0.33
Greece ATHENS 43175.0033.330.000.33-0.33
QatarQE 106260.0033.330.671.00-0.33
Austria WIENERBORSE 43175.0033.330.000.33-0.33
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 11126109.0950.003.083.92-0.83
DenmarkCOPENHAGEN 1411378.5727.270.821.82-1.00
Vietnam HNX 74257.1450.000.502.00-1.50
SingaporeSGX 53160.0033.331.674.33-2.67
CanadaTSX-V 551100.0020.000.405.20-4.80
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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