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 1/1/2019
Stock Exchange 
Per Trade 
Total Net% Descending
RussiaMICEX 97677.7885.712.860.002.86
UAEUAE 2416966.6756.252.440.192.25
BrazilBOVESPA 21121057.1483.331.830.081.75
Vietnam HOSE 1613881.2561.541.310.001.31
TaiwanGTSM 137553.8571.431.290.001.29
ChileBCS 3518951.4350.001.720.501.22
Hong KongHKEX 18141077.7871.431.140.001.14
NorwayOSE 208540.0062.501.250.131.13
JapanTOKYO 28221378.5759.
SingaporeSGX 157446.6757.
PhilippinesPSE 2815953.5760.
IsraelTASE 27221281.4854.551.180.230.95
ThailandSET 27201374.0765.000.950.200.75
FOREXFOREX 28201071.4350.000.950.200.75
CanadaTSX 2513952.0069.230.690.000.69
SwitzerlandSIX 159660.0066.670.780.110.67
Poland GPW 2613850.0061.540.850.230.62
NetherlandsAMSTERDAM 96466.6766.670.670.170.50
ItalyBORSA 96466.6766.670.670.170.50
BelgiumBRUSSELS 96466.6766.670.670.170.50
FrancePARIS 96466.6766.670.670.170.50
GermanyXETRA 96466.6766.670.670.170.50
TurkeyBIST 1812766.6758.330.920.420.50
USFOREX 2213759.0953.850.690.230.46
ChinaSSE 97577.7871.430.430.140.29
DenmarkCOPENHAGEN 17178100.0047.060.590.350.24
IndonesiaIDX 1613981.2569.230.380.150.23
BangladeshDSE 129375.0033.330.440.220.22
ArgentinaBUE 2310543.4850.000.500.300.20
MalaysiaBURSA 127158.3314.290.570.430.14
KuwaitKSE 131153.8514.
The World 1338155630356.514.
USNYSE 13471158.950.
ChileBCS 360063.890.
SwitzerlandSIX 790046.840.
ChinaSZSE 13090056.300.
ChinaSSE 10160056.
Greece ATHENS 230060.870.
FrancePARIS 1380054.350.
DenmarkCOPENHAGEN 260050.
GermanyXETRA 2910047.420.
CanadaCSE 90055.560.
CanadaTSX-V 110063.640.
CanadaTSX 2410059.750.
BrazilBOVESPA 1770052.540.
BelgiumBRUSSELS 320065.630.
BangladeshDSE 480072.920.
AustraliaASX 148457.1450.000.380.380.00
AustraliaASX 1040054.810.
Austria WIENERBORSE 30033.330.
ArgentinaBUE 420050.
EgyptEGX 110063.640.
JordanASE 1000.
South KoreaKOSDAQ 2850056.840.
South KoreaKRX 2460052.440.
South KoreaKOSDAQ 2318778.2638.890.440.440.00
JapanTOKYO 6890060.
JapanNAGOYA 2000.
ItalyBORSA 1650046.670.
IndiaNSE 2530054.940.
IndiaNSE 179452.9444.440.110.110.00
IsraelTASE 1310051.
Hong KongHKEX 2110043.600.
IndonesiaIDX 280060.710.
NorwayOSE 290048.
PhilippinesPSE 170064.710.
SpainIBEX 400042.500.
MalaysiaBURSA 340058.820.
MexicoBMV 530047.
NetherlandsAMSTERDAM 610054.
UAEUAE 300100.
Saudi ArabiaTADAWUL 360041.670.
QatarQE 100060.
RussiaMICEX 410063.410.
SingaporeSGX 80012.500.
PortugalLISBON 30066.670.
PakistanKSE 420059.520.
Poland GPW 380060.530.
TaiwanGTSM 810049.380.
TaiwanTWSE 1070059.810.
ThailandSET 120025.
TurkeyBIST 890053.930.
SwedenSTOCKHOLM 1410052.480.
Vietnam HOSE 590057.630.
Vietnam HNX 170052.940.
USAMEX 1190064.710.
UKLSE 4970050.
USNASDAQ 11010058.580.
USWARRANTS 70042.860.
USPREFERRED 940048.940.
USOTC PINK 1060061.320.
IndiaBSE 3211055.760.
PakistanKSE 2314660.8742.860.360.43-0.07
SwedenSTOCKHOLM 1912563.1641.670.330.42-0.08
UKLSE 2211550.0045.450.180.27-0.09
SpainIBEX 118372.7337.500.250.38-0.13
Austria WIENERBORSE 64266.6750.000.000.25-0.25
Greece ATHENS 64266.6750.000.000.25-0.25
MexicoBMV 199447.3744.440.110.56-0.44
PortugalLISBON 76285.7133.330.000.50-0.50
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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