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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
UAEUAE 27181066.6755.562.280.172.11
RussiaMICEX 1210683.3360.
BrazilBOVESPA 23141160.8778.571.710.211.50
TaiwanGTSM 137553.8571.431.290.001.29
ChileBCS 3518951.4350.001.720.501.22
Vietnam HOSE 1815983.3360.
NorwayOSE 208540.0062.501.250.131.13
PhilippinesPSE 30171156.6764.711.290.241.06
JapanTOKYO 29221375.8659.
Hong KongHKEX 21171280.9570.591.060.061.00
IsraelTASE 27221281.4854.551.180.230.95
SingaporeSGX 179552.9455.560.890.110.78
ThailandSET 28211475.0066.670.950.190.76
CanadaTSX 2613950.0069.230.690.000.69
FOREXFOREX 29211072.4147.620.900.240.67
Poland GPW 2713848.1561.540.850.230.62
NetherlandsAMSTERDAM 96466.6766.670.670.170.50
ItalyBORSA 96466.6766.670.670.170.50
FrancePARIS 96466.6766.670.670.170.50
GermanyXETRA 96466.6766.670.670.170.50
SwitzerlandSIX 1610662.5060.000.700.200.50
BelgiumBRUSSELS 96466.6766.670.670.170.50
USFOREX 2213759.0953.850.690.230.46
TurkeyBIST 1913868.4261.540.850.380.46
ArgentinaBUE 2912741.3858.330.580.250.33
DenmarkCOPENHAGEN 17178100.0047.060.590.350.24
BangladeshDSE 129475.0044.440.440.220.22
KuwaitKSE 121150.0016.670.190.000.19
South KoreaKOSDAQ 2419879.1742.110.580.420.16
PakistanKSE 2717862.9647.060.530.410.12
IndonesiaIDX 1714982.3564.290.360.290.07
The World 1271459132156.994.430.080.030.05
ChinaSZSE 11980055.430.
ChinaSSE 9480055.700.
ChileBCS 250072.
SwitzerlandSIX 700051.430.
Greece ATHENS 210061.900.
FrancePARIS 1170059.830.
DenmarkCOPENHAGEN 230052.
GermanyXETRA 2690046.470.
BangladeshDSE 280064.
AustraliaASX 148457.1450.000.380.380.00
AustraliaASX 920054.350.
Austria WIENERBORSE 140042.860.
ArgentinaBUE 410041.460.
CanadaCSE 90055.560.
CanadaTSX-V 80062.500.
CanadaTSX 2330060.520.
BrazilBOVESPA 1790056.980.
BelgiumBRUSSELS 270074.
NorwayOSE 330051.520.
MalaysiaBURSA 320053.
MexicoBMV 460043.480.
NetherlandsAMSTERDAM 570054.390.
UAEUAE 600100.
Saudi ArabiaTADAWUL 370045.950.
QatarQE 90055.560.
EgyptEGX 150073.330.
JordanASE 1000.
South KoreaKOSDAQ 2700058.520.
South KoreaKRX 2330054.
JapanTOKYO 6000060.
JapanNAGOYA 1000.
JapanFUKUOKA 100100.
IndiaNSE 2190056.
SpainIBEX 390043.590.
ItalyBORSA 1490044.300.
IsraelTASE 1430054.550.
Hong KongHKEX 1840044.570.
IndonesiaIDX 240058.330.
SwedenSTOCKHOLM 1470049.660.
PortugalLISBON 100100.
SingaporeSGX 80012.500.
ThailandSET 130038.460.
TurkeyBIST 890055.
RussiaMICEX 400065.
Poland GPW 340064.710.
PhilippinesPSE 120083.330.
PakistanKSE 300053.330.
TaiwanGTSM 630050.790.
TaiwanTWSE 1000063.
USWARRANTS 70042.860.
USPREFERRED 940048.940.
USOTC PINK 1160059.480.
USNYSE 12160060.690.
USNASDAQ 10420058.930.
USAMEX 1180066.
UKLSE 4380048.860.
Vietnam HOSE 620059.680.
Vietnam HNX 160043.750.
IndiaBSE 3001056.
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
IndiaNSE 1911557.8945.450.090.36-0.27
ChinaSSE 109590.0055.560.330.67-0.33
MalaysiaBURSA 149164.2911.110.440.78-0.33
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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