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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 63350.00100.0016.000.0016.00
EgyptEGX 42250.00100.0015.500.0015.50
IndonesiaIDX 2615857.6953.337.930.937.00
TurkeyBIST 70412558.5760.986.760.616.15
USOTC PINK 143894962.2455.067.481.895.60
CanadaCSE 64366.6775.006.001.254.75
TaiwanGTSM 67311746.2754.845.320.844.48
ThailandSET 112118.1850.004.500.504.00
Hong KongHKEX 188885146.8157.954.841.233.61
MexicoBMV 47231448.9460.874.300.743.57
PortugalLISBON 52140.0050.004.000.503.50
SwedenSTOCKHOLM 129654050.3961.544.381.033.35
South KoreaKOSDAQ 2561449356.2564.584.381.053.33
RussiaMICEX 87687.5085.712.860.002.86
UAEUAE 1913868.4261.543.000.152.85
CanadaTSX-V 106360.0050.006.173.502.67
PhilippinesPSE 1610862.5080.003.000.402.60
USNASDAQ 79244022655.5651.363.601.092.51
SingaporeSGX 92122.2250.002.500.002.50
IndiaBSE 2871558254.0152.903.731.252.48
ChileBCS 39291974.3665.522.930.482.45
PakistanKSE 43261960.4773.083.230.812.42
Saudi ArabiaTADAWUL 3212637.5050.003.421.252.17
BelgiumBRUSSELS 28161057.1462.502.380.252.13
MalaysiaBURSA 2816757.1443.753.561.442.13
UKLSE 48224714851.2459.923.040.952.09
AustraliaASX 102532651.9649.063.261.232.04
SpainIBEX 3616744.4443.752.690.692.00
NorwayOSE 2410641.6760.002.800.901.90
South KoreaKRX 1981075554.0451.402.880.981.90
JapanTOKYO 58633817857.6852.662.931.091.85
ChinaSZSE 109463434257.9553.943.191.351.84
IndiaNSE 2361286754.2452.343.031.201.83
Vietnam HOSE 53281752.8360.712.680.891.79
IsraelTASE 110542849.0951.852.570.801.78
BrazilBOVESPA 20121060.0083.331.830.081.75
Greece ATHENS 24191079.1752.634.532.841.68
FrancePARIS 130693753.0853.622.590.941.65
The World 117626588336556.0151.082.610.971.63
CanadaTSX 2201226155.4550.002.470.961.51
TaiwanTWSE 93582962.3750.002.470.971.50
Vietnam HOSE 1411678.5754.551.450.001.45
JapanTOKYO 23181278.2666.671.440.111.33
USPREFERRED 90492754.4455.101.470.141.33
TaiwanGTSM 127558.3371.431.290.001.29
ChinaSSE 77544321857.1649.212.631.371.26
Hong KongHKEX 1612975.0075.001.250.001.25
ChileBCS 3316748.4843.751.750.561.19
IsraelTASE 25201280.0060.001.300.151.15
NorwayOSE 198542.1162.501.250.131.13
USAMEX 68351851.4751.433.001.911.09
SwitzerlandSIX 64311748.4454.841.550.610.94
PhilippinesPSE 2414858.3357.141.210.290.93
ItalyBORSA 144612842.3645.901.560.660.90
USNYSE 97352824154.2745.641.850.960.89
SingaporeSGX 126350.0050.001.000.170.83
NetherlandsAMSTERDAM 54291353.7044.831.831.000.83
GermanyXETRA 201914345.2747.251.670.880.79
FOREXFOREX 2317973.9152.940.940.180.76
SwitzerlandSIX 118672.7375.000.880.130.75
BrazilBOVESPA 130693253.0846.381.781.070.71
ThailandSET 24181175.0061.110.890.220.67
BangladeshDSE 75371.4360.000.800.200.60
Poland GPW 2412750.0058.330.830.250.58
Poland GPW 43271362.7948.153.743.190.56
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
TurkeyBIST 1812766.6758.330.920.420.50
CanadaTSX 2011855.0072.730.450.000.45
DenmarkCOPENHAGEN 1615793.7546.670.600.330.27
USFOREX 2112657.1450.000.500.250.25
IndonesiaIDX 1512880.0066.670.420.170.25
ArgentinaBUE 219542.8655.560.560.330.22
MalaysiaBURSA 116154.5516.670.670.500.17
BangladeshDSE 55371767.2745.952.322.240.08
South KoreaKOSDAQ 2016680.0037.500.500.440.06
ChinaSSE 75371.4360.000.200.200.00
SpainIBEX 107370.0042.860.290.290.00
AustraliaASX 138461.5450.000.380.380.00
UAEUAE 221100.0050.000.500.500.00
IndiaNSE 159460.0044.440.110.110.00
JapanNAGOYA 2000.000.000.000.000.00
RussiaMICEX 50291358.0044.831.241.34-0.10
QatarQE 127358.3342.860.710.86-0.14
PakistanKSE 1712470.5933.330.330.50-0.17
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
MexicoBMV 179452.9444.440.110.56-0.44
PortugalLISBON 76285.7133.330.000.50-0.50
Austria WIENERBORSE 42050.000.000.000.50-0.50
KuwaitKSE 137153.8514.290.431.00-0.57
Vietnam HNX 117463.6457.140.291.14-0.86
DenmarkCOPENHAGEN 2617565.3829.410.651.65-1.00
ArgentinaBUE 239339.1333.330.892.00-1.11
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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