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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 85462.5080.0015.790.0015.79
IndonesiaIDX 37241664.8666.679.421.168.26
CanadaTSX-V 96566.6783.336.980.006.98
TurkeyBIST 135704651.8565.717.430.916.53
USOTC PINK 1701056262.9457.948.071.546.53
JordanASE 32166.6750.006.600.246.36
Hong KongHKEX 2181036847.2566.025.391.074.32
NorwayOSE 50221344.0059.095.110.804.31
BelgiumBRUSSELS 28211675.0076.194.130.243.89
Saudi ArabiaTADAWUL 55262047.2776.924.700.913.80
AustraliaASX 96562958.3351.794.771.013.76
ThailandSET 157446.6757.144.660.943.72
SwedenSTOCKHOLM 2151217356.2860.334.540.913.64
EgyptEGX 29191365.5268.424.130.883.25
Greece ATHENS 2415862.5053.335.041.803.24
USNASDAQ 119370138958.7655.494.471.303.18
South KoreaKOSDAQ 35021013160.0062.384.491.403.09
TaiwanGTSM 92522856.5253.853.941.062.88
FrancePARIS 141865360.9961.633.570.852.71
JapanFUKUOKA 111100.00100.002.670.002.67
NetherlandsAMSTERDAM 65341852.3152.943.991.442.55
SwitzerlandSIX 88502856.8256.002.800.482.33
ChileBCS 31201164.5255.002.930.662.27
QatarQE 84350.0075.002.180.012.17
MexicoBMV 50261452.0053.852.780.622.17
USAMEX 144906062.5066.672.860.692.17
Vietnam HOSE 60392065.0051.283.401.302.10
TaiwanTWSE 123754360.9857.332.840.792.05
ChinaSSE 127672640756.9056.063.251.291.96
The World 154468862490257.8654.852.890.941.95
IndiaNSE 2571326751.3650.763.421.491.92
IsraelTASE 180925551.1159.782.780.861.92
UAEUAE 29201068.9750.002.050.201.85
JapanTOKYO 72342923659.3455.012.830.991.85
GermanyXETRA 34118110253.0856.352.350.521.83
IndiaBSE 39121710355.5047.473.301.471.83
USNYSE 143988052361.1559.432.540.761.78
ChinaSZSE 159293649158.7952.463.131.361.76
South KoreaKRX 2741568156.9351.922.761.081.68
SpainIBEX 42181042.8655.562.210.541.66
CanadaTSX 2941699457.4855.622.610.981.63
ArgentinaBUE 136346.1550.003.351.731.62
BrazilBOVESPA 2271327358.1555.302.420.881.54
PhilippinesPSE 2216972.7356.252.100.671.43
UKLSE 51125714150.2954.862.691.291.40
DenmarkCOPENHAGEN 2312552.1741.672.250.891.35
BrazilBOVESPA 24151162.5073.331.600.331.27
TaiwanGTSM 148657.1475.001.250.001.25
ChileBCS 3918946.1550.001.720.501.22
MalaysiaBURSA 33201260.6160.002.891.751.13
IsraelTASE 31231374.1956.521.350.221.13
JapanTOKYO 36231463.8960.871.300.171.13
NorwayOSE 248533.3362.501.250.131.13
FOREXFOREX 36231163.8947.831.300.221.09
Vietnam HOSE 22191286.3663.161.160.161.00
RussiaMICEX 1714782.3550.001.500.501.00
PhilippinesPSE 32181156.2561.111.220.280.94
Hong KongHKEX 23191282.6163.160.950.110.84
PakistanKSE 31201164.5255.001.150.350.80
ThailandSET 29221575.8668.180.950.180.77
Poland GPW 49301661.2253.333.642.870.77
ItalyBORSA 177914651.4150.551.520.780.74
CanadaTSX 27141051.8571.430.640.000.64
Poland GPW 2813846.4361.540.850.230.62
SingaporeSGX 1810555.5650.000.800.200.60
UAEUAE 75371.4360.001.270.740.53
SwitzerlandSIX 1610662.5060.000.700.200.50
Vietnam HNX 178547.0662.500.830.350.47
USFOREX 2213759.0953.850.690.230.46
TurkeyBIST 2115871.4353.330.730.330.40
Austria WIENERBORSE 178447.0650.001.761.360.40
SwedenSTOCKHOLM 2113661.9046.150.770.380.38
PakistanKSE 3418752.9438.892.522.180.34
BangladeshDSE 33191357.5868.422.171.880.29
ItalyBORSA 117463.6457.140.570.290.29
NetherlandsAMSTERDAM 117463.6457.140.570.290.29
GermanyXETRA 117463.6457.140.570.290.29
FrancePARIS 117463.6457.140.570.290.29
BelgiumBRUSSELS 117463.6457.140.570.290.29
ChinaSSE 1211691.6754.550.910.640.27
ArgentinaBUE 3714737.8450.000.500.290.21
DenmarkCOPENHAGEN 20209100.0045.000.550.350.20
BangladeshDSE 1410571.4350.000.400.200.20
South KoreaKOSDAQ 2520880.0040.000.550.400.15
KuwaitKSE 168350.0037.501.061.010.06
USWARRANTS 70042.860.000.000.000.00
USPREFERRED 940048.940.000.000.000.00
UKLSE 2412650.0050.000.250.250.00
RussiaMICEX 330072.730.000.000.000.00
IndonesiaIDX 21181185.7161.110.280.280.00
SpainIBEX 1410471.4340.000.300.40-0.10
AustraliaASX 169456.2544.440.330.44-0.11
MalaysiaBURSA 1711264.7118.180.450.64-0.18
IndiaNSE 2113561.9038.460.080.31-0.23
Greece ATHENS 85262.5040.000.000.40-0.40
Austria WIENERBORSE 85262.5040.000.000.40-0.40
MexicoBMV 229440.9144.440.110.56-0.44
PortugalLISBON 97277.7828.570.000.57-0.57
PortugalLISBON 31033.330.000.001.47-1.47
SingaporeSGX 122116.6750.000.654.70-4.05
JapanNAGOYA 31033.330.000.005.83-5.83
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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