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 1/1/2021
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 96566.6783.3314.840.0014.84
CanadaTSX-V 95455.5680.007.880.007.88
USOTC PINK 1631016262.5860.788.651.497.16
JordanASE 32166.6750.006.600.246.36
EgyptEGX 27181466.6777.785.510.524.99
Hong KongHKEX 220986444.5565.315.491.124.37
AustraliaASX 96553057.2954.554.990.934.06
USNASDAQ 118169738159.0254.664.381.313.07
South KoreaKOSDAQ 35321212960.0660.854.481.443.04
TaiwanGTSM 83482557.8352.083.751.022.73
JapanFUKUOKA 111100.00100.002.680.002.68
QatarQE 84450.00100.
MexicoBMV 48251352.0852.002.810.642.17
CanadaTSX 2881699358.6855.033.060.952.11
JapanTOKYO 69541623059.8655.292.970.991.98
TaiwanTWSE 122744360.6658.112.730.871.87
UAEUAE 29201068.9750.
ChinaSSE 125672439157.6454.
USAMEX 137885764.2364.772.540.711.83
IsraelTASE 182945451.6557.452.700.871.82
Vietnam HOSE 66401960.6147.503.211.451.77
USNYSE 141985851660.4760.142.500.761.74
ChinaSZSE 154591847359.4251.533.101.371.72
The World 152487327401857.8245.572.330.771.56
BrazilBOVESPA 2351347257.0253.732.410.871.54
South KoreaKRX 2701537856.6750.982.631.121.51
BangladeshDSE 32181356.2572.222.300.931.37
Vietnam HNX 168550.0062.501.690.351.34
ArgentinaBUE 74271036.4937.043.211.911.30
BrazilBOVESPA 24151162.5073.331.600.331.27
TaiwanGTSM 148657.1475.
ChileBCS 3918946.1550.001.720.501.22
IsraelTASE 29231379.3156.521.350.221.13
JapanTOKYO 36231463.8960.871.300.171.13
PhilippinesPSE 1915878.9553.331.850.721.13
NorwayOSE 238534.7862.501.250.131.13
FOREXFOREX 35231165.7147.831.300.221.09
ChileBCS 33211063.6447.621.750.691.06
Vietnam HOSE 22191286.3663.
RussiaMICEX 1714782.3550.001.500.501.00
MalaysiaBURSA 32191159.3857.892.811.830.99
PhilippinesPSE 32181156.2561.
Hong KongHKEX 23191282.6163.160.950.110.84
PakistanKSE 31201164.5255.001.150.350.80
ThailandSET 29221575.8668.180.950.180.77
CanadaTSX 27141051.8571.430.640.000.64
Poland GPW 2713848.1561.540.850.230.62
SingaporeSGX 1810555.5650.000.800.200.60
PakistanKSE 3520957.1445.002.461.950.50
SwitzerlandSIX 1610662.5060.000.700.200.50
USFOREX 2213759.0953.850.690.230.46
TurkeyBIST 2115871.4353.330.730.330.40
SwedenSTOCKHOLM 2113661.9046.150.770.380.38
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
BangladeshDSE 139469.2344.440.440.220.22
ArgentinaBUE 3714737.8450.000.500.290.21
DenmarkCOPENHAGEN 20209100.0045.000.550.350.20
South KoreaKOSDAQ 2520880.0040.000.550.400.15
TurkeyBIST 1301151.541.490.130.000.13
IndonesiaIDX 20171185.0064.710.290.240.06
USWARRANTS 70042.860.
USPREFERRED 940048.940.
UKLSE 5130051.
UKLSE 2412650.0050.
Poland GPW 490061.
RussiaMICEX 330072.730.
SwedenSTOCKHOLM 2040056.370.
ThailandSET 160050.
PortugalLISBON 20050.
SwitzerlandSIX 890057.300.
BelgiumBRUSSELS 270074.
Austria WIENERBORSE 170047.
DenmarkCOPENHAGEN 260053.850.
GermanyXETRA 3440052.620.
Greece ATHENS 250056.
FrancePARIS 1380059.420.
SpainIBEX 420042.860.
UAEUAE 80075.
Saudi ArabiaTADAWUL 480043.750.
NorwayOSE 460043.480.
NetherlandsAMSTERDAM 680054.410.
JapanNAGOYA 1000.
IndiaNSE 2630053.
ItalyBORSA 1780050.560.
IndonesiaIDX 350062.860.
IndiaBSE 3871054.520.
AustraliaASX 169456.2544.440.330.44-0.11
SpainIBEX 139369.2333.330.220.44-0.22
IndiaNSE 2113561.9038.460.080.31-0.23
MalaysiaBURSA 1610162.5010.000.400.70-0.30
KuwaitKSE 158353.3337.501.071.37-0.31
Austria WIENERBORSE 85262.5040.000.000.40-0.40
Greece ATHENS 85262.5040.000.000.40-0.40
MexicoBMV 209445.0044.440.110.56-0.44
PortugalLISBON 97277.7828.570.000.57-0.57
SingaporeSGX 11109.
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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