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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 74457.14100.0025.500.0025.50
ThailandSET 112118.1850.0013.000.5012.50
CanadaCSE 106560.0083.3311.330.8310.50
IndonesiaIDX 2616961.5456.2510.440.819.63
CanadaTSX-V 106460.0066.679.330.009.33
EgyptEGX 95555.56100.009.200.009.20
TurkeyBIST 79402350.6357.507.000.786.23
USOTC PINK 137835062.0458.827.711.676.04
TaiwanGTSM 70341748.5750.005.500.884.62
Hong KongHKEX 187765040.6465.795.551.054.50
MexicoBMV 45211446.6766.674.520.623.90
South KoreaKOSDAQ 2671499655.8164.434.741.053.68
SwedenSTOCKHOLM 125634150.4065.084.621.083.54
PortugalLISBON 32166.6750.004.000.503.50
USNASDAQ 93453929057.7153.804.641.223.42
Greece ATHENS 2214863.6457.145.362.073.29
ChileBCS 38251765.7968.003.400.363.04
NorwayOSE 2814850.0057.144.001.003.00
RussiaMICEX 87687.5085.712.860.002.86
PhilippinesPSE 159760.0077.783.110.332.78
SwitzerlandSIX 72341947.2255.883.290.562.74
IndiaBSE 2861628656.6453.093.891.322.57
ChinaSZSE 117867338157.1356.613.701.262.45
UAEUAE 2315865.2253.332.600.202.40
Vietnam HOSE 53311958.4961.293.521.132.39
FrancePARIS 120664355.0065.152.910.532.38
GermanyXETRA 214985845.7959.182.950.572.38
IsraelTASE 119623452.1054.842.950.652.31
BelgiumBRUSSELS 29191365.5268.422.530.262.26
UKLSE 44222012849.7758.183.181.042.14
SpainIBEX 39181046.1555.562.830.722.11
AustraliaASX 103552653.4047.273.071.091.98
The World 125597068376056.2953.182.890.921.98
JapanTOKYO 63537819859.5352.382.951.011.94
USAMEX 81422351.8554.763.711.831.88
ChinaSSE 86649727357.3954.932.921.131.78
Saudi ArabiaTADAWUL 35161045.7162.502.811.061.75
BrazilBOVESPA 21121057.1483.331.830.081.75
ArgentinaBUE 3820852.6340.003.401.651.75
IndiaNSE 2321265954.3146.833.081.451.63
South KoreaKRX 2361225651.6945.902.681.071.61
TaiwanTWSE 95543056.8455.562.520.931.59
PakistanKSE 38221357.8959.092.731.141.59
USPREFERRED 93482851.6158.331.690.101.58
CanadaTSX 2261337058.8552.632.460.891.56
USNYSE 100754527554.1250.462.240.881.36
BrazilBOVESPA 159834152.2049.402.310.951.36
NetherlandsAMSTERDAM 53281452.8350.002.391.071.32
Vietnam HOSE 1613881.2561.541.310.001.31
TaiwanGTSM 137553.8571.431.290.001.29
ItalyBORSA 152703646.0551.431.870.601.27
ChileBCS 3518951.4350.001.720.501.22
Hong KongHKEX 18141077.7871.431.140.001.14
NorwayOSE 198542.1162.501.250.131.13
MalaysiaBURSA 2917758.6241.183.352.291.06
IsraelTASE 26211280.7757.141.240.191.05
JapanTOKYO 27221381.4859.091.230.181.05
PhilippinesPSE 2715955.5660.001.270.271.00
SingaporeSGX 147450.0057.141.140.141.00
FOREXFOREX 29221175.8650.001.360.361.00
CanadaTSX 2412950.0075.000.750.000.75
ThailandSET 27201374.0765.000.950.200.75
Poland GPW 35221262.8654.554.183.450.73
BangladeshDSE 46321769.5753.132.341.660.69
SwitzerlandSIX 139669.2366.670.780.110.67
DenmarkCOPENHAGEN 2312452.1733.331.500.920.58
Poland GPW 2512748.0058.330.830.250.58
TurkeyBIST 1812766.6758.330.920.420.50
NetherlandsAMSTERDAM 96466.6766.670.670.170.50
ItalyBORSA 96466.6766.670.670.170.50
BelgiumBRUSSELS 96466.6766.670.670.170.50
GermanyXETRA 96466.6766.670.670.170.50
FrancePARIS 96466.6766.670.670.170.50
USFOREX 2213759.0953.850.690.230.46
RussiaMICEX 41261463.4153.851.421.000.42
ChinaSSE 97577.7871.430.430.140.29
BangladeshDSE 118372.7337.500.500.250.25
DenmarkCOPENHAGEN 17178100.0047.060.590.350.24
IndonesiaIDX 1613981.2569.230.380.150.23
ArgentinaBUE 2210545.4550.000.500.300.20
MalaysiaBURSA 127158.3314.290.570.430.14
South KoreaKOSDAQ 2217777.2741.180.470.410.06
SingaporeSGX 6000.000.000.000.000.00
AustraliaASX 138461.5450.000.380.380.00
JordanASE 1000.000.000.000.000.00
IndiaNSE 159460.0044.440.110.110.00
JapanNAGOYA 2000.000.000.000.000.00
PakistanKSE 2114666.6742.860.360.43-0.07
SpainIBEX 118372.7337.500.250.38-0.13
QatarQE 106360.0050.000.831.00-0.17
SwedenSTOCKHOLM 1711464.7136.360.270.45-0.18
UKLSE 2110447.6240.000.100.30-0.20
Austria WIENERBORSE 64266.6750.000.000.25-0.25
Greece ATHENS 64266.6750.000.000.25-0.25
KuwaitKSE 148257.1425.000.500.75-0.25
MexicoBMV 199447.3744.440.110.56-0.44
PortugalLISBON 76285.7133.330.000.50-0.50
Austria WIENERBORSE 53160.0033.330.331.33-1.00
Vietnam HNX 169656.2566.671.002.22-1.22
UAEUAE 220100.000.000.002.00-2.00
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 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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