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 2613850.0061.548.000.697.31
SingaporeSGX 114436.36100.006.250.006.25
USOTC PINK 121784265.2953.167.201.655.56
TaiwanGTSM 52281753.8560.716.180.865.32
Vietnam HNX 74457.14100.004.750.004.75
TurkeyBIST 61342055.7458.825.090.594.50
Hong KongHKEX 182905149.4556.675.471.074.40
ThailandSET 133223.0866.674.670.334.33
Saudi ArabiaTADAWUL 3615841.6753.334.931.403.53
PortugalLISBON 52140.0050.004.000.503.50
SwedenSTOCKHOLM 114583550.8860.344.501.023.48
UAEUAE 1511773.3363.643.450.183.27
MexicoBMV 51251449.0256.004.000.803.20
IndiaBSE 2921619255.1457.144.251.173.08
South KoreaKOSDAQ 2571479357.2063.274.151.202.95
RussiaMICEX 87687.5085.712.860.002.86
UKLSE 45624314353.2958.853.520.842.68
PakistanKSE 41231756.1073.913.300.652.65
USNASDAQ 82949125359.2351.533.701.072.63
ChileBCS 45261757.7865.382.920.312.62
NorwayOSE 2311747.8363.643.360.822.55
MalaysiaBURSA 32201162.5055.003.701.202.50
Poland GPW 40231157.5047.834.432.132.30
South KoreaKRX 1921045554.1752.883.081.022.06
Vietnam HOSE 45251555.5660.002.920.882.04
CanadaTSX 2221256956.3155.202.780.752.03
JapanTOKYO 60636720060.5654.502.981.011.97
BrazilBOVESPA 1510866.6780.001.900.101.80
The World 111946400329457.1951.452.781.011.76
IndiaNSE 2521447257.1450.003.221.461.76
Vietnam HOSE 108480.0050.001.750.001.75
ChinaSZSE 109165233459.7651.233.381.731.65
ChinaSSE 75643621957.6750.233.161.531.63
AustraliaASX 99512451.5247.062.610.981.63
IsraelTASE 96492451.0448.982.510.921.59
FrancePARIS 117663656.4154.552.360.791.58
TaiwanGTSM 127558.3371.431.570.001.57
BelgiumBRUSSELS 27161059.2662.501.880.381.50
NetherlandsAMSTERDAM 43271462.7951.852.370.891.48
SpainIBEX 3216950.0056.251.880.501.38
Hong KongHKEX 1511873.3372.731.360.001.36
JapanTOKYO 22171177.2764.711.470.121.35
TaiwanTWSE 104552852.8850.912.451.111.35
Greece ATHENS 2118985.7150.004.222.941.28
IsraelTASE 23181278.2666.671.440.171.28
NorwayOSE 167443.7557.141.290.141.14
ChileBCS 2812542.8641.671.580.501.08
GermanyXETRA 151733849.0151.352.000.921.08
BangladeshDSE 56402071.4350.003.051.981.08
USPREFERRED 100553055.0054.551.270.221.05
USNYSE 108359828755.2247.991.920.861.05
ItalyBORSA 121642952.8945.311.750.701.05
CanadaTSX-V 97277.7828.574.713.711.00
PhilippinesPSE 2114866.6757.141.210.290.93
SwitzerlandSIX 63321750.7953.131.380.500.88
USAMEX 67372055.2254.052.271.430.84
SingaporeSGX 126350.0050.001.000.170.83
ThailandSET 22161172.7368.751.000.190.81
FOREXFOREX 2317973.9152.940.940.180.76
SwitzerlandSIX 118672.7375.000.880.130.75
Poland GPW 2011755.0063.640.910.270.64
ItalyBORSA 85362.5060.000.800.200.60
NetherlandsAMSTERDAM 85362.5060.000.800.200.60
FrancePARIS 85362.5060.000.800.200.60
GermanyXETRA 85362.5060.000.800.200.60
BangladeshDSE 65383.3360.000.800.200.60
BelgiumBRUSSELS 85362.5060.000.800.200.60
TurkeyBIST 1812766.6758.330.920.420.50
CanadaTSX 1710858.8280.000.500.000.50
MalaysiaBURSA 84150.0025.001.000.500.50
PhilippinesPSE 1610662.5060.001.601.100.50
DenmarkCOPENHAGEN 1413692.8646.150.690.380.31
IndonesiaIDX 1512880.0066.670.420.170.25
ArgentinaBUE 188544.4462.500.630.380.25
South KoreaKOSDAQ 1915778.9546.670.600.400.20
PakistanKSE 138461.5450.000.500.380.13
USFOREX 179452.9444.440.440.330.11
BrazilBOVESPA 90491754.4434.691.571.470.10
USWARRANTS 1000.000.000.000.000.00
IndiaNSE 137453.8557.140.140.140.00
JapanNAGOYA 2000.000.000.000.000.00
ChinaSSE 75371.4360.000.200.200.00
Austria WIENERBORSE 21050.000.000.000.000.00
SpainIBEX 86275.0033.330.330.330.00
AustraliaASX 117363.6442.860.290.43-0.14
SwedenSTOCKHOLM 1510366.6730.000.300.50-0.20
RussiaMICEX 3520857.1440.001.451.70-0.25
UKLSE 198342.1137.500.130.38-0.25
Greece ATHENS 53160.0033.330.000.33-0.33
Austria WIENERBORSE 53160.0033.330.000.33-0.33
MexicoBMV 179452.9444.440.110.56-0.44
PortugalLISBON 65183.3320.000.000.60-0.60
QatarQE 128366.6737.500.631.25-0.63
DenmarkCOPENHAGEN 2415562.5033.330.931.73-0.80
UAEUAE 110100.000.000.001.00-1.00
KuwaitKSE 93033.330.000.001.33-1.33
ArgentinaBUE 209245.0022.220.782.89-2.11
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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