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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
EgyptEGX 52240.00100.0015.000.0015.00
CanadaCSE 96566.6783.3311.330.8310.50
USWARRANTS 85462.5080.0010.200.0010.20
CanadaTSX-V 106460.0066.679.330.009.33
PortugalLISBON 21150.00100.008.000.008.00
IndonesiaIDX 2414858.3357.148.500.937.57
TurkeyBIST 68352051.4757.147.030.636.40
USOTC PINK 125744360.0057.337.851.776.08
TaiwanGTSM 59271345.7648.155.960.965.00
Hong KongHKEX 169744943.7966.225.730.924.81
MexicoBMV 39171143.5964.715.180.714.47
ThailandSET 112118.1850.004.500.504.00
South KoreaKOSDAQ 2431328654.7364.664.701.053.65
NorwayOSE 2612746.1558.334.250.753.50
Greece ATHENS 2214863.6457.145.432.073.36
ChileBCS 35231665.7169.573.650.303.35
SwedenSTOCKHOLM 123614049.5965.574.331.083.25
USNASDAQ 76343023556.4954.524.071.033.04
RussiaMICEX 87687.5085.712.860.002.86
PhilippinesPSE 159760.0077.783.110.332.78
UAEUAE 2014870.0057.142.790.212.57
IndiaBSE 2461397256.9151.433.861.312.56
ChinaSZSE 107159734355.7457.453.681.252.43
SpainIBEX 3516945.7156.253.130.812.31
BelgiumBRUSSELS 29191365.5268.422.530.262.26
IsraelTASE 104532850.9652.832.890.702.19
Saudi ArabiaTADAWUL 2912741.3858.333.331.172.17
Vietnam HOSE 50271654.0059.263.110.962.15
FrancePARIS 114583550.8860.342.620.602.02
UKLSE 42821312449.7758.223.001.001.99
JapanTOKYO 57833617658.1352.382.961.061.90
The World 114246315329655.3152.162.730.921.81
BrazilBOVESPA 21121057.1483.331.830.081.75
USAMEX 63301747.6256.673.932.231.70
CanadaTSX 2101226458.1052.462.560.871.69
PakistanKSE 33191257.5863.162.681.001.68
AustraliaASX 97522353.6144.232.791.131.65
ChinaSSE 76844223857.5553.852.731.161.57
South KoreaKRX 2131084850.7044.442.671.121.55
TaiwanTWSE 83482557.8352.082.521.021.50
IndiaNSE 2071105153.1446.362.961.481.48
Vietnam HOSE 1411678.5754.551.450.001.45
ItalyBORSA 138603043.4850.001.850.501.35
TaiwanGTSM 127558.3371.431.290.001.29
GermanyXETRA 185783942.1650.001.990.711.28
Hong KongHKEX 1612975.0075.001.250.001.25
USPREFERRED 85452452.9453.331.360.111.24
ChileBCS 3316748.4843.751.750.561.19
BrazilBOVESPA 139703450.3648.572.191.001.19
USNYSE 86545022352.0249.562.090.931.16
IsraelTASE 25201280.0060.001.300.151.15
NorwayOSE 198542.1162.501.250.131.13
MalaysiaBURSA 2716659.2637.503.502.441.06
JapanTOKYO 26211280.7757.141.240.191.05
SingaporeSGX 137453.8557.141.140.141.00
PhilippinesPSE 2414858.3357.141.210.290.93
NetherlandsAMSTERDAM 49241148.9845.832.131.210.92
SwitzerlandSIX 118672.7375.000.880.130.75
ThailandSET 25191276.0063.160.890.210.68
SwitzerlandSIX 64281343.7546.431.320.680.64
FOREXFOREX 2519976.0047.370.840.210.63
BangladeshDSE 85362.5060.000.800.200.60
Poland GPW 2412750.0058.330.830.250.58
DenmarkCOPENHAGEN 2312452.1733.331.500.920.58
BangladeshDSE 45351777.7848.572.371.800.57
TurkeyBIST 1812766.6758.330.920.420.50
ItalyBORSA 96466.6766.670.670.170.50
NetherlandsAMSTERDAM 96466.6766.670.670.170.50
GermanyXETRA 96466.6766.670.670.170.50
FrancePARIS 96466.6766.670.670.170.50
BelgiumBRUSSELS 96466.6766.670.670.170.50
CanadaTSX 2011855.0072.730.450.000.45
Poland GPW 33201060.6150.004.253.800.45
RussiaMICEX 40251362.5052.001.401.000.40
IndonesiaIDX 1512880.0066.670.420.170.25
USFOREX 2112657.1450.000.500.250.25
DenmarkCOPENHAGEN 17178100.0047.060.590.350.24
ArgentinaBUE 219542.8655.560.560.330.22
MalaysiaBURSA 116154.5516.670.670.500.17
South KoreaKOSDAQ 2116676.1937.500.500.440.06
SingaporeSGX 61016.670.000.000.000.00
ChinaSSE 75371.4360.000.200.200.00
SpainIBEX 107370.0042.860.290.290.00
AustraliaASX 138461.5450.000.380.380.00
IndiaNSE 159460.0044.440.110.110.00
JapanNAGOYA 2000.000.000.000.000.00
JordanASE 1000.000.000.000.000.00
QatarQE 106360.0050.000.831.00-0.17
PakistanKSE 1812466.6733.330.330.50-0.17
SwedenSTOCKHOLM 1510366.6730.000.300.50-0.20
UKLSE 209445.0044.440.110.33-0.22
Austria WIENERBORSE 64266.6750.000.000.25-0.25
Greece ATHENS 64266.6750.000.000.25-0.25
KuwaitKSE 148257.1425.000.500.75-0.25
Vietnam HNX 104340.0075.000.000.25-0.25
MexicoBMV 189450.0044.440.110.56-0.44
PortugalLISBON 76285.7133.330.000.50-0.50
Austria WIENERBORSE 53160.0033.330.331.33-1.00
UAEUAE 110100.000.000.001.00-1.00
ArgentinaBUE 3114445.1628.570.712.00-1.29
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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