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 52240.00100.0020.500.0020.50
EgyptEGX 31133.33100.0020.000.0020.00
IndonesiaIDX 2615857.6953.337.930.737.20
TurkeyBIST 63362157.1458.336.360.645.72
USOTC PINK 137864562.7752.337.162.095.07
CanadaCSE 64366.6775.006.001.254.75
TaiwanGTSM 62311750.0054.845.320.844.48
ThailandSET 102120.0050.004.500.504.00
Hong KongHKEX 180865247.7860.475.001.033.97
MexicoBMV 44221450.0063.644.500.683.82
PortugalLISBON 52140.0050.004.000.503.50
SwedenSTOCKHOLM 121633952.0761.904.431.063.37
South KoreaKOSDAQ 2481439157.6663.644.181.063.12
RussiaMICEX 87687.5085.712.860.002.86
UAEUAE 1913868.4261.543.000.152.85
ChileBCS 38281973.6867.863.040.292.75
CanadaTSX-V 106360.0050.006.173.502.67
USNASDAQ 75642322155.9552.253.701.062.64
PhilippinesPSE 1610862.5080.003.000.402.60
SingaporeSGX 82125.0050.002.500.002.50
IndiaBSE 2691437753.5353.473.631.172.46
PakistanKSE 43261960.4773.083.190.812.38
BelgiumBRUSSELS 2514956.0064.292.640.292.36
SpainIBEX 3415744.1246.672.870.672.20
Saudi ArabiaTADAWUL 3112638.7150.003.421.252.17
UKLSE 46424114451.9459.753.070.952.12
MalaysiaBURSA 2717862.9647.063.531.472.06
AustraliaASX 101542653.4748.153.241.242.00
IndiaNSE 2291236553.7152.853.111.181.93
NorwayOSE 2410641.6760.002.800.901.90
JapanTOKYO 55532116757.8452.022.931.111.82
IsraelTASE 103512649.5150.982.610.801.80
South KoreaKRX 1861005153.7651.002.811.021.79
ChinaSZSE 103960332258.0453.403.171.391.78
BrazilBOVESPA 2011955.0081.821.820.091.73
Greece ATHENS 24191079.1752.634.532.841.68
The World 112806326322256.1050.922.610.971.64
CanadaTSX 2141186155.1451.692.560.971.59
Vietnam HOSE 49271555.1055.562.520.961.56
TaiwanTWSE 88572864.7749.122.511.001.51
FrancePARIS 128693653.9152.172.480.991.49
Vietnam HOSE 1411678.5754.551.450.001.45
JapanTOKYO 23181278.2666.671.440.111.33
ChileBCS 3215746.8846.671.870.531.33
ChinaSSE 72240920056.6548.902.621.331.29
TaiwanGTSM 127558.3371.431.290.001.29
Hong KongHKEX 1612975.0075.001.250.001.25
USPREFERRED 90472552.2253.191.320.151.17
IsraelTASE 25201280.0060.001.300.151.15
USAMEX 67341750.7550.003.061.971.09
SwitzerlandSIX 61301749.1856.671.600.601.00
NorwayOSE 198442.1150.001.130.131.00
ItalyBORSA 137592743.0745.761.610.680.93
PhilippinesPSE 2414858.3357.141.210.290.93
GermanyXETRA 184793842.9348.101.840.990.85
USNYSE 94250522953.6145.351.800.960.84
SingaporeSGX 126350.0050.001.000.170.83
NetherlandsAMSTERDAM 52291355.7744.831.831.000.83
FOREXFOREX 2317973.9152.940.940.180.76
SwitzerlandSIX 118672.7375.000.880.130.75
Vietnam HNX 63250.0066.673.002.330.67
ThailandSET 24181175.0061.110.890.220.67
ItalyBORSA 85362.5060.000.800.200.60
NetherlandsAMSTERDAM 85362.5060.000.800.200.60
GermanyXETRA 85362.5060.000.800.200.60
FrancePARIS 85362.5060.000.800.200.60
BelgiumBRUSSELS 85362.5060.000.800.200.60
BangladeshDSE 75371.4360.000.800.200.60
Poland GPW 2412750.0058.330.830.250.58
Poland GPW 39251264.1048.004.003.440.56
TurkeyBIST 1812766.6758.330.920.420.50
CanadaTSX 2011855.0072.730.450.000.45
DenmarkCOPENHAGEN 1514793.3350.000.640.360.29
BrazilBOVESPA 117622853.8544.441.401.130.27
USFOREX 2112657.1450.000.500.250.25
IndonesiaIDX 1512880.0066.670.420.170.25
ArgentinaBUE 209545.0055.560.560.330.22
MalaysiaBURSA 116154.5516.670.670.500.17
South KoreaKOSDAQ 1915678.9540.000.530.400.13
BangladeshDSE 54361666.6744.442.362.310.06
IndiaNSE 159460.0044.440.110.110.00
JapanNAGOYA 2000.000.000.000.000.00
ChinaSSE 75371.4360.000.200.200.00
SpainIBEX 96266.6733.330.330.330.00
AustraliaASX 138461.5450.000.380.380.00
Austria WIENERBORSE 21050.000.000.000.000.00
PakistanKSE 1611468.7536.360.360.45-0.09
RussiaMICEX 45291364.4444.831.241.34-0.10
QatarQE 117363.6442.860.710.86-0.14
SwedenSTOCKHOLM 1510366.6730.000.300.50-0.20
UKLSE 198342.1137.500.130.38-0.25
Austria WIENERBORSE 53160.0033.330.000.33-0.33
Greece ATHENS 53160.0033.330.000.33-0.33
MexicoBMV 179452.9444.440.110.56-0.44
KuwaitKSE 127158.3314.290.431.00-0.57
PortugalLISBON 65183.3320.000.000.60-0.60
DenmarkCOPENHAGEN 2315565.2233.330.731.73-1.00
UAEUAE 110100.000.000.001.00-1.00
ArgentinaBUE 239339.1333.330.892.00-1.11
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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