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 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
USWARRANTS 42250.00100.0020.500.0020.50
EgyptEGX 31133.33100.0020.000.0020.00
IndonesiaIDX 2313756.5253.858.690.857.85
TurkeyBIST 58342058.6258.826.350.655.71
SingaporeSGX 61116.67100.
TaiwanGTSM 59301750.8556.675.500.774.73
ThailandSET 113227.2766.674.670.334.33
USOTC PINK 129793961.2449.376.492.304.19
Hong KongHKEX 172824947.6759.764.990.984.01
MexicoBMV 43221451.1663.644.500.683.82
PortugalLISBON 52140.0050.004.000.503.50
SwedenSTOCKHOLM 111563450.4560.714.411.073.34
UAEUAE 1511773.3363.643.450.183.27
South KoreaKOSDAQ 2401419158.7564.544.271.043.23
RussiaMICEX 87687.5085.712.860.002.86
USNASDAQ 72741021356.4051.953.731.082.65
PhilippinesPSE 1610862.5080.003.000.402.60
ChileBCS 36271875.0066.672.850.302.56
IndiaBSE 2621407653.8253.903.621.182.44
PakistanKSE 42251859.5272.003.200.842.36
SpainIBEX 3415744.1246.672.870.532.33
UKLSE 45723413951.2059.403.050.872.18
AustraliaASX 100522552.0048.083.351.272.08
Saudi ArabiaTADAWUL 3111535.4845.453.361.362.00
IndiaNSE 2251226454.2252.463.111.191.93
NorwayOSE 2410641.6760.002.800.901.90
ChinaSZSE 98757030757.7553.863.241.371.87
South KoreaKRX 178954753.3749.472.851.041.81
IsraelTASE 101512650.5050.982.610.801.80
MalaysiaBURSA 2515760.0046.673.401.601.80
BrazilBOVESPA 1811961.1181.821.820.091.73
JapanTOKYO 51129614957.9350.342.871.161.71
Greece ATHENS 23191082.6152.634.532.841.68
Vietnam HOSE 49281557.1453.572.640.961.68
The World 108606100309056.1850.652.610.981.63
ChileBCS 3014746.6750.002.000.431.57
CanadaTSX 2061166156.3152.592.510.951.56
Vietnam HOSE 119481.8244.441.560.001.56
BelgiumBRUSSELS 2311747.8363.641.820.271.55
FrancePARIS 122653453.2852.312.481.001.48
TaiwanTWSE 85552764.7149.092.420.951.47
Hong KongHKEX 1511873.3372.731.360.001.36
JapanTOKYO 22171177.2764.711.470.121.35
TaiwanGTSM 127558.3371.431.290.001.29
ChinaSSE 69139219156.7348.722.601.351.25
CanadaTSX-V 75171.4320.
IsraelTASE 25201280.0060.001.300.151.15
NorwayOSE 177441.1857.
GermanyXETRA 174723641.3850.001.960.941.01
USPREFERRED 89522758.4351.921.170.190.98
SwitzerlandSIX 60291648.3355.171.590.620.97
PhilippinesPSE 2214863.6457.
ItalyBORSA 130552442.3143.641.620.690.93
USAMEX 66351753.0348.572.972.060.91
SingaporeSGX 126350.0050.
NetherlandsAMSTERDAM 51291356.8644.831.831.000.83
USNYSE 91949422253.7544.941.790.970.82
ThailandSET 22161172.7368.751.000.190.81
FOREXFOREX 2317973.9152.940.940.180.76
SwitzerlandSIX 118672.7375.000.880.130.75
Vietnam HNX 63250.0066.673.002.330.67
Poland GPW 2211750.0063.640.910.270.64
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
BelgiumBRUSSELS 85362.5060.000.800.200.60
BangladeshDSE 75371.4360.000.800.200.60
Poland GPW 39251264.1048.004.043.440.60
TurkeyBIST 1812766.6758.330.920.420.50
CanadaTSX 1811861.1172.730.450.000.45
MalaysiaBURSA 105150.0020.000.800.400.40
BangladeshDSE 52351767.3148.572.512.200.31
DenmarkCOPENHAGEN 1514793.3350.000.640.360.29
IndonesiaIDX 1512880.0066.670.420.170.25
ArgentinaBUE 188544.4462.500.630.380.25
KuwaitKSE 115245.4540.000.800.600.20
BrazilBOVESPA 101562155.4537.501.411.230.18
South KoreaKOSDAQ 1915678.9540.000.530.400.13
PakistanKSE 138461.5450.000.500.380.13
USFOREX 179452.9444.440.440.330.11
ChinaSSE 75371.4360.
SpainIBEX 86275.0033.330.330.330.00
AustraliaASX 138461.5450.000.380.380.00
Austria WIENERBORSE 21050.
IndiaNSE 149464.2944.440.110.110.00
JapanNAGOYA 2000.
QatarQE 117363.6442.860.710.86-0.14
RussiaMICEX 39261166.6742.311.311.46-0.15
SwedenSTOCKHOLM 1510366.6730.000.300.50-0.20
UKLSE 198342.1137.500.130.38-0.25
Austria WIENERBORSE 53160.0033.330.000.33-0.33
Greece ATHENS 53160.0033.330.000.33-0.33
MexicoBMV 179452.9444.440.110.56-0.44
PortugalLISBON 65183.3320.000.000.60-0.60
DenmarkCOPENHAGEN 2214563.6435.710.791.79-1.00
UAEUAE 110100.
ArgentinaBUE 208340.0037.501.002.25-1.25
CanadaCSE 75371.4360.004.807.60-2.80
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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