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 21150.00100.0020.000.0020.00
NorwayOSE 72228.57100.005.500.005.50
ThailandSET 41125.00100.005.000.005.00
TaiwanGTSM 33191257.5863.165.370.424.95
Hong KongHKEX 106553151.8956.365.470.894.58
USOTC PINK 61401865.5745.005.681.703.98
Poland GPW 2413654.1746.155.151.233.92
TurkeyBIST 2712444.4433.334.580.753.83
MalaysiaBURSA 1610562.5050.004.700.903.80
MexicoBMV 2113961.9069.234.460.773.69
PortugalLISBON 52140.0050.004.000.503.50
SwedenSTOCKHOLM 58301951.7263.334.300.803.50
IndiaBSE 165875152.7358.623.861.002.86
RussiaMICEX 776100.0085.712.860.002.86
UAEUAE 106460.0066.673.000.172.83
UKLSE 2481338553.6363.913.410.622.79
NorwayOSE 103230.0066.672.670.002.67
IndiaNSE 135774257.0454.553.471.092.38
PakistanKSE 32191559.3878.952.840.472.37
South KoreaKRX 109562851.3850.003.090.792.30
SpainIBEX 2110547.6250.002.700.402.30
USNASDAQ 44425612757.6649.613.281.052.23
Saudi ArabiaTADAWUL 196231.5833.333.171.002.17
CanadaTSX 111643757.6657.812.700.721.98
IsraelTASE 44221050.0045.452.770.821.95
Vietnam HOSE 2816857.1450.002.941.001.94
BrazilBOVESPA 1410871.4380.001.900.101.80
PhilippinesPSE 74357.1475.002.000.251.75
ChileBCS 218338.1037.502.130.501.63
The World 55803184158857.0849.862.480.941.54
ItalyBORSA 61301749.1856.672.200.671.53
AustraliaASX 50231146.0047.832.781.261.52
JapanTOKYO 3041798858.8849.162.651.151.50
RussiaMICEX 158453.3350.002.130.631.50
Poland GPW 116554.5583.331.670.171.50
IndonesiaIDX 134130.7725.002.751.251.50
FrancePARIS 62401964.5247.502.651.201.45
Hong KongHKEX 117563.6471.431.430.001.43
SwitzerlandSIX 3017956.6752.941.760.351.41
ChinaSSE 39122310557.0347.092.561.221.33
JapanTOKYO 20161080.0062.501.440.131.31
ChinaSZSE 54329514554.3349.152.711.401.31
TurkeyBIST 117563.6471.431.570.291.29
GermanyXETRA 83412349.4056.102.020.831.20
South KoreaKOSDAQ 135754156.3053.952.571.411.16
ThailandSET 1412985.7175.001.330.251.08
USPREFERRED 55281550.9153.571.390.321.07
MalaysiaBURSA 73142.8633.331.330.331.00
NetherlandsAMSTERDAM 2318978.2650.001.890.940.94
FOREXFOREX 1913668.4246.151.150.230.92
PhilippinesPSE 1510566.6750.001.000.300.70
DenmarkCOPENHAGEN 1210683.3360.000.900.200.70
CanadaTSX 126550.0083.330.670.000.67
KuwaitKSE 43175.0033.331.671.000.67
NetherlandsAMSTERDAM 75371.4360.000.800.200.60
ItalyBORSA 75371.4360.000.800.200.60
BelgiumBRUSSELS 75371.4360.000.800.200.60
GermanyXETRA 75371.4360.000.800.200.60
FrancePARIS 75371.4360.000.800.200.60
USNYSE 63636514457.3939.451.631.050.59
Greece ATHENS 995100.0055.563.893.330.56
TaiwanTWSE 47301463.8346.671.400.870.53
TaiwanGTSM 84350.0075.000.500.000.50
Austria WIENERBORSE 117463.6457.140.430.000.43
USAMEX 2415762.5046.672.271.930.33
BelgiumBRUSSELS 166237.5033.330.830.500.33
ChileBCS 2319982.6147.370.680.370.32
BangladeshDSE 36261272.2246.152.582.310.27
IndonesiaIDX 887100.0087.500.380.130.25
IsraelTASE 1412885.7166.670.500.250.25
SingaporeSGX 95255.5640.000.400.200.20
IndiaNSE 85462.5080.000.200.000.20
ArgentinaBUE 96366.6750.000.670.500.17
SwedenSTOCKHOLM 128366.6737.500.380.250.13
JapanNAGOYA 1000.000.000.000.000.00
SpainIBEX 76285.7133.330.330.330.00
ChinaSSE 54380.0075.000.250.250.00
Vietnam HOSE 53160.0033.330.000.000.00
USWARRANTS 1000.000.000.000.000.00
UKLSE 134230.7750.000.250.250.00
South KoreaKOSDAQ 1210483.3340.000.500.60-0.10
AustraliaASX 75271.4340.000.200.40-0.20
PakistanKSE 75371.4360.000.000.20-0.20
BrazilBOVESPA 4626856.5230.770.961.19-0.23
BangladeshDSE 54280.0050.000.000.25-0.25
SwitzerlandSIX 74357.1475.000.000.25-0.25
USFOREX 83037.500.000.000.33-0.33
QatarQE 106260.0033.330.671.00-0.33
Greece ATHENS 43175.0033.330.000.33-0.33
Austria WIENERBORSE 43175.0033.330.000.33-0.33
PortugalLISBON 551100.0020.000.000.60-0.60
MexicoBMV 158353.3337.500.000.63-0.63
ArgentinaBUE 126350.0050.001.672.33-0.67
DenmarkCOPENHAGEN 139269.2322.220.672.11-1.44
Vietnam HNX 53260.0066.670.672.33-1.67
SingaporeSGX 53160.0033.331.674.33-2.67
CanadaTSX-V 551100.0020.000.405.20-4.80
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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