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 1/1/2017
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
CanadaCSE 221100.0050.0010.002.507.50
IndonesiaIDX 2613850.0061.548.000.697.31
USOTC PINK 118754065.2551.957.061.645.43
TaiwanGTSM 51271652.9459.266.300.895.41
Vietnam HNX 74457.14100.004.750.004.75
TurkeyBIST 60342056.6758.825.090.594.50
SingaporeSGX 125441.6780.005.000.604.40
Hong KongHKEX 171844749.1255.955.501.114.39
ThailandSET 133223.0866.674.670.334.33
Saudi ArabiaTADAWUL 3615841.6753.334.931.403.53
PortugalLISBON 52140.0050.004.000.503.50
NorwayOSE 2010750.0070.003.700.203.50
MexicoBMV 47231348.9456.524.350.873.48
SwedenSTOCKHOLM 106543250.9459.264.461.063.41
UAEUAE 1511773.3363.643.450.183.27
IndiaBSE 2811558855.1656.774.261.203.06
UKLSE 42223013554.5058.703.730.812.92
RussiaMICEX 87687.5085.712.860.002.86
South KoreaKOSDAQ 2511459157.7762.764.051.222.83
PakistanKSE 41231756.1073.913.300.652.65
USNASDAQ 81348525059.6651.553.721.092.63
Poland GPW 38221157.8950.004.642.092.55
ChileBCS 43251558.1460.002.880.362.52
MalaysiaBURSA 30201166.6755.003.701.202.50
South KoreaKRX 186975452.1555.673.260.912.35
CanadaTSX 2171236856.6855.282.800.742.07
Vietnam HOSE 97377.7842.862.000.002.00
Vietnam HOSE 44281763.6460.712.750.821.93
JapanTOKYO 59336019460.7153.892.931.011.92
The World 98765656293457.3051.852.841.031.81
BrazilBOVESPA 1510866.6780.001.900.101.80
AustraliaASX 91472351.6548.942.811.021.79
IndiaNSE 2461417157.3250.353.181.441.74
ChinaSSE 73842521257.5949.883.161.521.64
ChinaSZSE 106463432559.5951.263.351.721.63
IsraelTASE 89462251.6947.832.570.961.61
FrancePARIS 107613457.0155.742.340.791.56
BelgiumBRUSSELS 2615957.6960.001.930.401.53
Hong KongHKEX 1410771.4370.001.500.001.50
NetherlandsAMSTERDAM 43271462.7951.852.370.891.48
Greece ATHENS 1817994.4452.944.473.061.41
SpainIBEX 3016953.3356.251.880.501.38
JapanTOKYO 22171177.2764.711.470.121.35
ItalyBORSA 110572851.8249.121.950.631.32
TaiwanTWSE 99522652.5350.002.351.151.19
ChileBCS 2711440.7436.361.730.551.18
NorwayOSE 167443.7557.141.290.141.14
IsraelTASE 22171177.2764.711.290.181.12
GermanyXETRA 144703749.3152.111.930.851.08
BangladeshDSE 53371869.8148.653.082.031.05
USPREFERRED 93502753.7654.001.240.241.00
TaiwanGTSM 116454.5566.671.000.001.00
CanadaTSX-V 87287.5028.574.713.711.00
USNYSE 107559928455.7247.411.840.860.98
SwitzerlandSIX 63321750.7953.131.380.500.88
ThailandSET 21151071.4366.671.070.200.87
PhilippinesPSE 2114866.6757.141.140.290.86
FOREXFOREX 2317973.9152.940.940.180.76
SwitzerlandSIX 118672.7375.000.880.130.75
SingaporeSGX 126350.0050.000.830.170.67
Poland GPW 2011755.0063.640.910.270.64
USAMEX 62351856.4551.432.261.660.60
FrancePARIS 85362.5060.000.800.200.60
GermanyXETRA 85362.5060.000.800.200.60
BangladeshDSE 65383.3360.000.800.200.60
BelgiumBRUSSELS 85362.5060.000.800.200.60
ItalyBORSA 85362.5060.000.800.200.60
NetherlandsAMSTERDAM 85362.5060.000.800.200.60
MalaysiaBURSA 84150.0025.001.000.500.50
PhilippinesPSE 1510666.6760.001.601.100.50
CanadaTSX 1710858.8280.000.500.000.50
TurkeyBIST 1812766.6758.330.920.420.50
DenmarkCOPENHAGEN 1312692.3150.000.750.330.42
BrazilBOVESPA 83441553.0134.091.731.430.30
IndonesiaIDX 1411878.5772.730.450.180.27
ArgentinaBUE 168550.0062.500.630.380.25
South KoreaKOSDAQ 1814677.7842.860.570.430.14
USFOREX 168350.0037.500.500.380.13
PakistanKSE 128466.6750.000.500.380.13
ChinaSSE 75371.4360.000.200.200.00
Austria WIENERBORSE 21050.000.000.000.000.00
SpainIBEX 86275.0033.330.330.330.00
IndiaNSE 137453.8557.140.140.140.00
JapanNAGOYA 2000.000.000.000.000.00
USWARRANTS 1000.000.000.000.000.00
UKLSE 187338.8942.860.140.29-0.14
AustraliaASX 117363.6442.860.290.43-0.14
SwedenSTOCKHOLM 1510366.6730.000.300.50-0.20
Greece ATHENS 53160.0033.330.000.33-0.33
Austria WIENERBORSE 53160.0033.330.000.33-0.33
MexicoBMV 179452.9444.440.110.56-0.44
PortugalLISBON 65183.3320.000.000.60-0.60
QatarQE 128366.6737.500.631.25-0.63
DenmarkCOPENHAGEN 2315565.2233.330.931.73-0.80
RussiaMICEX 3319757.5836.840.791.79-1.00
UAEUAE 110100.000.000.001.00-1.00
KuwaitKSE 93033.330.000.001.33-1.33
ArgentinaBUE 146242.8633.331.173.50-2.33
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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