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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
EgyptEGX 21150.00100.0020.000.0020.00
TaiwanGTSM 33181254.5566.676.440.336.11
Hong KongHKEX 125623349.6053.236.291.135.16
ThailandSET 81112.50100.005.000.005.00
USOTC PINK 62432069.3546.516.401.494.91
NorwayOSE 85462.5080.005.000.204.80
Saudi ArabiaTADAWUL 2510540.0050.005.601.204.40
TurkeyBIST 3114745.1650.004.640.504.14
Poland GPW 2916755.1743.754.811.003.81
Vietnam HNX 73342.86100.003.670.003.67
PortugalLISBON 62133.3350.004.000.503.50
MalaysiaBURSA 2115971.4360.004.070.603.47
MexicoBMV 2715955.5660.003.930.673.27
SwedenSTOCKHOLM 60312051.6764.524.060.813.26
IndonesiaIDX 187438.8957.143.710.573.14
IndiaBSE 2051096553.1759.634.061.053.02
RussiaMICEX 776100.0085.712.860.002.86
UAEUAE 106460.0066.673.000.172.83
UKLSE 2941649855.7859.763.420.672.75
NorwayOSE 93233.3366.672.670.002.67
CanadaTSX 137824959.8559.763.150.572.57
USNASDAQ 57835818562.1151.533.591.042.55
PakistanKSE 35201557.1475.002.800.452.35
Vietnam HOSE 2415862.5053.333.070.932.13
South KoreaKRX 132713653.7950.702.870.762.11
BrazilBOVESPA 139869.2388.892.110.002.11
IsraelTASE 54261448.1553.853.000.922.08
ChileBCS 207335.0042.862.430.432.00
JapanTOKYO 41825113960.0555.382.860.921.93
ChinaSSE 48830015361.4851.003.441.511.93
SingaporeSGX 117563.6471.433.711.861.86
IndiaNSE 171984957.3150.003.351.501.85
SpainIBEX 2614853.8557.142.140.361.79
The World 68704023208658.5951.832.760.991.77
ChinaSZSE 69941921759.9451.793.511.801.71
TurkeyBIST 106560.0083.331.830.171.67
Poland GPW 106560.0083.331.670.171.50
NetherlandsAMSTERDAM 29211172.4152.382.290.811.48
Hong KongHKEX 117563.6471.431.430.001.43
RussiaMICEX 2211650.0054.552.180.821.36
FrancePARIS 73402154.7952.502.100.751.35
JapanTOKYO 20161080.0062.501.440.131.31
SwitzerlandSIX 43231353.4956.521.700.391.30
ItalyBORSA 80412351.2556.101.950.711.24
GermanyXETRA 92492853.2657.141.980.841.14
USAMEX 37221259.4654.552.501.361.14
USNYSE 80047722259.6346.541.960.841.12
ThailandSET 1412985.7175.001.330.251.08
MalaysiaBURSA 73142.8633.331.330.331.00
FOREXFOREX 1913668.4246.151.150.230.92
TaiwanTWSE 70361851.4350.001.941.060.89
ChileBCS 34181052.9455.561.280.390.89
USPREFERRED 64341753.1350.001.150.320.82
BelgiumBRUSSELS 2211550.0045.451.360.550.82
PhilippinesPSE 149464.2944.441.110.330.78
PhilippinesPSE 148557.1462.501.751.000.75
DenmarkCOPENHAGEN 1210683.3360.000.900.200.70
South KoreaKOSDAQ 158905057.5954.952.301.600.69
KuwaitKSE 43175.0033.331.671.000.67
Austria WIENERBORSE 1310676.9260.000.900.300.60
CanadaTSX 115445.4580.000.600.000.60
BelgiumBRUSSELS 75371.4360.000.800.200.60
GermanyXETRA 75371.4360.000.800.200.60
FrancePARIS 75371.4360.000.800.200.60
NetherlandsAMSTERDAM 75371.4360.000.800.200.60
ItalyBORSA 75371.4360.000.800.200.60
TaiwanGTSM 84350.0075.000.500.000.50
AustraliaASX 56281350.0046.431.681.180.50
BangladeshDSE 40271267.5044.442.482.110.37
UKLSE 123225.0066.670.330.000.33
IsraelTASE 1412885.7166.670.500.250.25
IndonesiaIDX 887100.0087.500.380.130.25
SingaporeSGX 95255.5640.000.400.200.20
IndiaNSE 85462.5080.000.200.000.20
ArgentinaBUE 96366.6750.000.670.500.17
SwedenSTOCKHOLM 118372.7337.500.380.250.13
UAEUAE 1000.000.000.000.000.00
JapanNAGOYA 1000.000.000.000.000.00
ChinaSSE 54380.0075.000.250.250.00
SpainIBEX 76285.7133.330.330.330.00
Vietnam HOSE 42150.0050.000.000.000.00
USWARRANTS 2000.000.000.000.000.00
South KoreaKOSDAQ 1210483.3340.000.500.60-0.10
AustraliaASX 75271.4340.000.200.40-0.20
PakistanKSE 75371.4360.000.000.20-0.20
SwitzerlandSIX 74357.1475.000.000.25-0.25
BangladeshDSE 54280.0050.000.000.25-0.25
USFOREX 73042.860.000.000.33-0.33
Greece ATHENS 43175.0033.330.000.33-0.33
Greece ATHENS 109590.0055.562.893.22-0.33
Austria WIENERBORSE 43175.0033.330.000.33-0.33
QatarQE 117263.6428.570.290.71-0.43
BrazilBOVESPA 4723648.9426.091.001.52-0.52
PortugalLISBON 551100.0020.000.000.60-0.60
MexicoBMV 158353.3337.500.000.63-0.63
DenmarkCOPENHAGEN 1611368.7527.270.911.82-0.91
ArgentinaBUE 125241.6740.001.602.80-1.20
CanadaTSX-V 441100.0025.000.506.25-5.75
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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