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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
EgyptEGX 51120.00100.0020.000.0020.00
CanadaTSX-V 773100.0042.8615.140.7114.43
CanadaCSE 221100.0050.0010.002.507.50
USOTC PINK 113684261.0660.878.381.067.32
IndonesiaIDX 27151055.5666.675.600.605.00
ThailandSET 145435.7180.004.600.204.40
Hong KongHKEX 192975550.5256.705.321.663.66
Saudi ArabiaTADAWUL 3212637.5050.004.671.083.58
TaiwanGTSM 56321957.1459.384.280.783.50
TurkeyBIST 56241142.8645.834.080.633.46
IndiaBSE 2901579854.1462.424.451.173.29
UAEUAE 117563.6471.433.290.143.14
South KoreaKOSDAQ 2391399058.1664.754.281.332.95
RussiaMICEX 776100.0085.712.860.002.86
UKLSE 44024214355.0059.093.330.692.64
AustraliaASX 93432346.2453.493.440.882.56
NorwayOSE 2211650.0054.553.090.552.55
SwedenSTOCKHOLM 104553352.8860.003.130.692.44
SingaporeSGX 137553.8571.433.711.292.43
MalaysiaBURSA 27201074.0750.003.150.752.40
CanadaTSX 2321368158.6259.562.830.522.31
USNASDAQ 89953428059.5152.343.300.992.30
Vietnam HNX 75371.4360.003.601.402.20
PakistanKSE 42251859.5272.003.561.402.16
ItalyBORSA 134683850.7555.882.500.631.87
JapanTOKYO 59435419959.6056.212.780.911.86
NetherlandsAMSTERDAM 52301557.6950.002.570.731.83
IsraelTASE 80412151.2551.222.610.781.83
MexicoBMV 46261256.5246.152.730.921.81
BrazilBOVESPA 1410871.4380.001.900.101.80
PortugalLISBON 94244.4450.003.001.251.75
The World 105246014313957.1652.182.701.001.70
ChileBCS 228336.3637.502.130.501.63
BelgiumBRUSSELS 33201360.6165.002.000.401.60
BrazilBOVESPA 83441853.0140.912.591.001.59
IndiaNSE 2741557556.5748.393.201.651.55
ChinaSSE 80945723056.4950.332.891.411.48
Hong KongHKEX 117563.6471.431.430.001.43
ChinaSZSE 112667433559.8649.703.101.721.38
JapanTOKYO 22171177.2764.711.470.121.35
South KoreaKRX 2201246256.3650.002.551.231.32
TurkeyBIST 117563.6471.431.570.291.29
Vietnam HOSE 41251560.9860.002.160.881.28
USAMEX 70392155.7153.851.820.641.18
ChileBCS 52351867.3151.431.890.711.17
NorwayOSE 147450.0057.141.290.141.14
Poland GPW 168650.0075.001.250.131.13
GermanyXETRA 151754149.6754.672.000.881.12
SpainIBEX 3718848.6544.441.670.561.11
ThailandSET 1512980.0075.001.330.251.08
USNYSE 119369631958.3445.831.910.841.07
MalaysiaBURSA 73142.8633.331.330.331.00
TaiwanTWSE 100522652.0050.002.001.040.96
FrancePARIS 126693254.7646.381.740.870.87
IsraelTASE 1714982.3564.291.070.210.86
USPREFERRED 90482653.3354.171.040.230.81
PhilippinesPSE 179652.9466.671.670.890.78
FOREXFOREX 2216872.7350.000.940.190.75
Austria WIENERBORSE 2012860.0066.671.420.670.75
BangladeshDSE 52351867.3151.432.571.830.74
DenmarkCOPENHAGEN 1210683.3360.000.900.200.70
PhilippinesPSE 1812666.6750.001.000.330.67
SwitzerlandSIX 75381950.6750.001.160.500.66
ItalyBORSA 75371.4360.000.800.200.60
NetherlandsAMSTERDAM 75371.4360.000.800.200.60
SwitzerlandSIX 85462.5080.000.800.200.60
BelgiumBRUSSELS 75371.4360.000.800.200.60
FrancePARIS 75371.4360.000.800.200.60
GermanyXETRA 75371.4360.000.800.200.60
PakistanKSE 106460.0066.670.670.170.50
CanadaTSX 159760.0077.780.440.000.44
TaiwanGTSM 105350.0060.000.400.000.40
IndonesiaIDX 108780.0087.500.380.130.25
SingaporeSGX 105250.0040.000.400.200.20
IndiaNSE 116454.5566.670.170.000.17
ArgentinaBUE 127458.3357.140.570.430.14
Poland GPW 4018845.0044.442.832.780.06
South KoreaKOSDAQ 1412585.7141.670.500.500.00
JapanNAGOYA 2000.000.000.000.000.00
ChinaSSE 54380.0075.000.250.250.00
SpainIBEX 76285.7133.330.330.330.00
Vietnam HOSE 64166.6725.000.000.000.00
USWARRANTS 21150.00100.000.000.000.00
UKLSE 155233.3340.000.200.200.00
SwedenSTOCKHOLM 139369.2333.330.330.44-0.11
AustraliaASX 97377.7842.860.290.43-0.14
BangladeshDSE 54280.0050.000.000.25-0.25
Greece ATHENS 43175.0033.330.000.33-0.33
Austria WIENERBORSE 43175.0033.330.000.33-0.33
MexicoBMV 169456.2544.440.110.56-0.44
USFOREX 94044.440.000.000.50-0.50
Greece ATHENS 1714682.3542.863.213.71-0.50
DenmarkCOPENHAGEN 2014570.0035.711.001.50-0.50
UAEUAE 221100.0050.000.000.50-0.50
RussiaMICEX 3421961.7642.860.711.29-0.57
PortugalLISBON 551100.0020.000.000.60-0.60
QatarQE 149264.2922.220.441.44-1.00
ArgentinaBUE 166337.5050.001.332.33-1.00
KuwaitKSE 93033.330.000.001.33-1.33
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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