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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 84350.0075.0016.691.2515.44
JordanASE 21150.00100.0013.210.0013.21
CanadaTSX-V 75471.4380.0012.310.0012.31
IndonesiaIDX 30201366.6765.009.661.358.31
TurkeyBIST 112593752.6862.717.450.846.62
USOTC PINK 145845060.0057.477.461.525.94
Greece ATHENS 2313756.5253.856.510.925.59
EgyptEGX 1712970.5975.005.810.345.47
ThailandSET 157446.6757.
Hong KongHKEX 202905944.5565.566.201.214.99
NorwayOSE 38171147.3761.115.350.624.73
SwedenSTOCKHOLM 176946253.4165.965.050.964.09
AustraliaASX 99552955.5652.734.910.983.92
BelgiumBRUSSELS 27201574.0775.003.970.253.71
South KoreaKOSDAQ 31919212260.5063.214.510.973.54
TaiwanGTSM 77422454.5557.144.200.843.36
Saudi ArabiaTADAWUL 46201443.4870.004.110.833.29
USNASDAQ 113767437959.2856.234.471.233.24
JapanFUKUOKA 111100.00100.002.680.002.68
MalaysiaBURSA 31171054.8458.824.471.972.50
SwitzerlandSIX 80432453.7555.812.970.532.45
FrancePARIS 131815161.8362.963.240.842.40
SpainIBEX 42191245.2463.162.720.352.38
USAMEX 142956266.9065.263.030.722.31
ChileBCS 28211175.0052.382.840.622.22
JapanTOKYO 67139622759.0257.323.130.942.19
IndiaBSE 36920610256.3749.043.611.432.18
Vietnam HOSE 60372161.6756.763.511.332.18
The World 140818045452057.5355.802.960.912.05
GermanyXETRA 3181649751.5759.152.520.492.03
TaiwanTWSE 109673961.4758.212.850.861.99
ChinaSZSE 135276440656.5153.143.351.371.98
IsraelTASE 164844751.2255.952.730.761.97
UAEUAE 28191067.8652.632.160.211.95
MexicoBMV 44221250.0054.552.640.701.94
USNYSE 132081550061.7461.352.600.701.90
CanadaTSX 2551478257.6555.782.800.901.90
UKLSE 48324213650.1056.
PhilippinesPSE 1311784.6263.642.390.621.77
BangladeshDSE 31191461.2973.682.630.871.77
ChinaSSE 104859032656.3055.
South KoreaKRX 2551447456.4751.392.901.141.76
ArgentinaBUE 64251039.0640.003.471.781.69
Poland GPW 43291667.4455.174.562.981.58
BrazilBOVESPA 2201196254.0952.102.470.921.54
IndiaNSE 2461366755.2849.262.971.461.51
BrazilBOVESPA 23141160.8778.571.710.211.50
Vietnam HNX 168650.0075.001.690.341.35
PakistanKSE 3116851.6150.003.011.671.33
ItalyBORSA 168804247.6252.501.940.671.27
TaiwanGTSM 148657.1475.
ChileBCS 3718948.6550.001.720.501.22
DenmarkCOPENHAGEN 2514656.0042.861.980.781.20
IsraelTASE 29231379.3156.521.350.221.13
JapanTOKYO 36231463.8960.871.300.171.13
NorwayOSE 228536.3662.501.250.131.13
RussiaMICEX 1614787.5050.001.500.501.00
PhilippinesPSE 32181156.2561.
Vietnam HOSE 20171085.0058.821.120.180.94
Hong KongHKEX 22191286.3663.160.950.110.84
ThailandSET 29221575.8668.180.950.180.77
NetherlandsAMSTERDAM 63361857.1450.002.271.500.76
Austria WIENERBORSE 167343.7542.861.911.150.76
PakistanKSE 31201164.5255.001.050.350.70
FOREXFOREX 32211065.6347.620.900.240.67
CanadaTSX 27141051.8571.430.640.000.64
UAEUAE 87587.5071.431.270.650.62
Poland GPW 2713848.1561.540.850.230.62
SingaporeSGX 1810555.5650.000.800.200.60
SwitzerlandSIX 1610662.5060.000.700.200.50
USFOREX 2213759.0953.850.690.230.46
TurkeyBIST 1913868.4261.540.850.380.46
ChinaSSE 1110690.9160.001.000.600.40
RussiaMICEX 33241172.7345.831.481.090.38
QatarQE 95255.5640.000.940.620.32
BelgiumBRUSSELS 117463.6457.140.570.290.29
FrancePARIS 117463.6457.140.570.290.29
GermanyXETRA 117463.6457.140.570.290.29
ItalyBORSA 117463.6457.140.570.290.29
NetherlandsAMSTERDAM 117463.6457.140.570.290.29
BangladeshDSE 129475.0044.440.440.220.22
ArgentinaBUE 3514740.0050.000.500.290.21
DenmarkCOPENHAGEN 19198100.0042.110.530.370.16
South KoreaKOSDAQ 2520880.0040.000.550.400.15
IndonesiaIDX 19161184.2168.750.310.250.06
USWARRANTS 70042.860.
USPREFERRED 940048.940.
JapanNAGOYA 1000.
SwedenSTOCKHOLM 2012560.0041.670.330.42-0.08
UKLSE 2311547.8345.450.180.27-0.09
AustraliaASX 169456.2544.440.330.44-0.11
SpainIBEX 139369.2333.330.220.44-0.22
IndiaNSE 2012560.0041.670.080.33-0.25
MalaysiaBURSA 1510166.6710.000.400.70-0.30
Austria WIENERBORSE 85262.5040.000.000.40-0.40
Greece ATHENS 85262.5040.000.000.40-0.40
MexicoBMV 199447.3744.440.110.56-0.44
PortugalLISBON 97277.7828.570.000.57-0.57
KuwaitKSE 147250.0028.570.581.57-0.98
PortugalLISBON 21050.
SingaporeSGX 101010.
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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