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 2513852.0061.548.000.697.31
USOTC PINK 104643562.5053.857.881.756.12
TurkeyBIST 52261450.0053.855.730.625.12
TaiwanGTSM 47261555.3257.696.000.925.08
SingaporeSGX 125441.6780.005.000.604.40
ThailandSET 123225.0066.674.670.334.33
Hong KongHKEX 167824549.1054.885.291.134.16
Saudi ArabiaTADAWUL 3414841.1857.145.361.294.07
SwedenSTOCKHOLM 101523251.4961.544.751.023.73
Vietnam HNX 85462.5080.003.800.203.60
MexicoBMV 43221251.1654.554.500.913.59
PortugalLISBON 52140.0050.004.000.503.50
NorwayOSE 2010750.0070.003.700.203.50
MalaysiaBURSA 28191167.8657.893.890.683.21
UAEUAE 1410671.4360.003.400.203.20
IndiaBSE 2671468254.6856.164.141.232.91
RussiaMICEX 776100.0085.712.860.002.86
South KoreaKOSDAQ 2421408958.2663.124.041.212.83
UKLSE 40322513055.8357.783.570.822.75
USNASDAQ 80347924659.6551.363.751.092.66
PakistanKSE 40231757.5073.913.300.652.65
Poland GPW 36201055.5650.004.802.302.50
ChileBCS 44261559.0957.692.770.382.38
Vietnam HOSE 42261761.9065.382.960.652.31
South KoreaKRX 1931065654.9252.832.970.882.09
CanadaTSX 2071206557.9754.172.800.752.05
JapanTOKYO 56434118460.4653.962.991.011.98
AustraliaASX 87442250.5750.003.001.021.98
USAMEX 61331754.1051.522.550.671.88
IsraelTASE 84422150.0050.002.740.931.81
The World 95625505284957.5951.732.831.021.80
BrazilBOVESPA 1510866.6780.001.900.101.80
IndiaNSE 2431376956.3850.363.221.461.76
Vietnam HOSE 86275.0033.331.670.001.67
ChinaSSE 70441020558.2450.003.151.521.63
FrancePARIS 103593257.2854.242.360.811.54
BelgiumBRUSSELS 2615957.6960.001.930.401.53
NetherlandsAMSTERDAM 41261363.4150.002.420.921.50
ChinaSZSE 102160630659.3550.503.251.761.50
Greece ATHENS 1817994.4452.944.473.061.41
SpainIBEX 3016853.3350.001.880.501.38
JapanTOKYO 22171177.2764.711.470.121.35
ItalyBORSA 109572852.2949.121.950.631.32
TaiwanTWSE 93482351.6147.922.231.001.23
Hong KongHKEX 139669.2366.671.220.001.22
USPREFERRED 85462754.1258.701.410.201.22
GermanyXETRA 140683748.5754.412.040.841.21
Austria WIENERBORSE 1610662.5060.001.500.301.20
NorwayOSE 147450.0057.141.290.141.14
IsraelTASE 21171180.9564.711.290.181.12
ChileBCS 2610338.4630.001.700.601.10
CanadaTSX-V 772100.0028.574.713.711.00
SwitzerlandSIX 57291550.8851.721.450.451.00
USNYSE 105659428156.2547.311.830.870.97
ThailandSET 18151083.3366.671.070.200.87
BangladeshDSE 52361769.2347.222.922.080.83
FOREXFOREX 2317973.9152.940.940.180.76
SwitzerlandSIX 118672.7375.000.880.130.75
PhilippinesPSE 2013765.0053.851.000.310.69
Poland GPW 2011755.0063.640.910.270.64
FrancePARIS 75371.4360.000.800.200.60
GermanyXETRA 75371.4360.000.800.200.60
BelgiumBRUSSELS 75371.4360.000.800.200.60
ItalyBORSA 75371.4360.000.800.200.60
NetherlandsAMSTERDAM 75371.4360.000.800.200.60
TurkeyBIST 1712770.5958.330.920.420.50
MalaysiaBURSA 84150.0025.001.000.500.50
PhilippinesPSE 1510666.6760.001.601.100.50
CanadaTSX 1710858.8280.000.500.000.50
DenmarkCOPENHAGEN 1312692.3150.000.750.330.42
TaiwanGTSM 105350.0060.000.400.000.40
IndonesiaIDX 1310876.9280.000.500.200.30
PakistanKSE 117463.6457.140.570.290.29
BrazilBOVESPA 79421453.1633.331.761.500.26
SingaporeSGX 115245.4540.000.400.200.20
South KoreaKOSDAQ 1714682.3542.860.570.430.14
ArgentinaBUE 137453.8557.140.570.430.14
USWARRANTS 1000.000.000.000.000.00
ChinaSSE 65383.3360.000.200.200.00
SpainIBEX 76285.7133.330.330.330.00
IndiaNSE 137453.8557.140.140.140.00
JapanNAGOYA 2000.000.000.000.000.00
AustraliaASX 107370.0042.860.290.43-0.14
RussiaMICEX 3219859.3842.111.371.53-0.16
UKLSE 176235.2933.330.170.33-0.17
SwedenSTOCKHOLM 1510366.6730.000.300.50-0.20
BangladeshDSE 54280.0050.000.000.25-0.25
Greece ATHENS 43175.0033.330.000.33-0.33
Austria WIENERBORSE 43175.0033.330.000.33-0.33
USFOREX 147250.0028.570.000.43-0.43
MexicoBMV 179452.9444.440.110.56-0.44
DenmarkCOPENHAGEN 2014570.0035.711.001.50-0.50
PortugalLISBON 551100.0020.000.000.60-0.60
QatarQE 128366.6737.500.631.25-0.63
KuwaitKSE 94144.4425.000.251.00-0.75
UAEUAE 110100.000.000.001.00-1.00
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.