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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
EgyptEGX 31133.33100.0020.000.0020.00
CanadaCSE 221100.0050.0010.002.507.50
USOTC PINK 94583162.7752.547.811.206.61
TaiwanGTSM 39211453.8566.675.570.335.24
Hong KongHKEX 160804350.0053.755.581.164.41
SingaporeSGX 105450.0080.005.000.604.40
Vietnam HNX 74357.1475.004.500.254.25
TurkeyBIST 50231246.0052.174.430.613.83
Saudi ArabiaTADAWUL 3012640.0050.005.081.503.58
PortugalLISBON 52140.0050.004.000.503.50
NorwayOSE 1810755.5670.003.700.203.50
IndonesiaIDX 2311647.8354.554.180.823.36
IndiaBSE 2571428455.2559.154.331.113.23
RussiaMICEX 776100.0085.712.860.002.86
UAEUAE 128566.6762.502.880.132.75
SwedenSTOCKHOLM 96493151.0463.273.490.782.71
UKLSE 37520912055.7357.423.350.732.63
MalaysiaBURSA 2417970.8352.943.350.762.59
South KoreaKOSDAQ 2321368759.0563.503.691.262.42
PakistanKSE 39221656.4172.733.090.682.41
USNASDAQ 77146723560.7050.213.401.082.32
South KoreaKRX 177975154.8052.583.070.872.21
CanadaTSX 2021126255.4555.362.770.612.16
ChileBCS 41231356.1056.522.520.432.09
ThailandSET 102120.0050.002.500.502.00
Poland GPW 3620955.5645.004.402.402.00
MexicoBMV 40201050.0050.003.001.002.00
AustraliaASX 85412048.2448.783.051.071.98
JapanTOKYO 54132918360.8155.622.850.941.91
BrazilBOVESPA 1410871.4380.001.900.101.80
IndiaNSE 2361356757.2049.633.241.461.79
Vietnam HOSE 38211355.2661.902.520.761.76
The World 93185354277557.4951.802.691.001.69
ChinaSSE 64337818858.7949.743.241.551.69
IsraelTASE 75382050.6752.632.470.841.63
FrancePARIS 101593258.4254.242.370.811.56
BelgiumBRUSSELS 2514856.0057.141.930.431.50
NetherlandsAMSTERDAM 38241263.1650.002.170.711.46
ChinaSZSE 93656828460.6850.003.211.781.44
Hong KongHKEX 128666.6775.001.380.001.38
SpainIBEX 3116851.6150.001.880.501.38
JapanTOKYO 22171177.2764.711.470.121.35
ItalyBORSA 106552751.8949.092.000.651.35
ChileBCS 239339.1333.331.890.561.33
Austria WIENERBORSE 1510666.6760.001.500.301.20
USAMEX 61331854.1054.552.181.031.15
NorwayOSE 147450.0057.141.290.141.14
Poland GPW 178647.0675.001.250.131.13
SwitzerlandSIX 55281550.9153.571.500.391.11
ThailandSET 1512980.0075.001.330.251.08
USNYSE 104759327956.6447.051.900.871.02
GermanyXETRA 132633547.7355.561.890.871.02
MalaysiaBURSA 73142.8633.331.330.331.00
CanadaTSX-V 772100.0028.574.713.711.00
TaiwanTWSE 86462253.4947.831.981.020.96
IsraelTASE 1814977.7864.291.070.210.86
USPREFERRED 82442553.6656.821.070.250.82
FOREXFOREX 2216872.7350.000.940.190.75
TurkeyBIST 1510666.6760.001.100.400.70
DenmarkCOPENHAGEN 1210683.3360.000.900.200.70
PhilippinesPSE 1913768.4253.851.000.310.69
BangladeshDSE 49331667.3548.482.551.910.64
ItalyBORSA 75371.4360.000.800.200.60
NetherlandsAMSTERDAM 75371.4360.000.800.200.60
GermanyXETRA 75371.4360.000.800.200.60
FrancePARIS 75371.4360.000.800.200.60
SwitzerlandSIX 85462.5080.000.800.200.60
BelgiumBRUSSELS 75371.4360.000.800.200.60
PakistanKSE 106460.0066.670.670.170.50
PhilippinesPSE 1410671.4360.001.601.100.50
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
UKLSE 155233.3340.000.200.200.00
Vietnam HOSE 75171.4320.000.000.000.00
USWARRANTS 1000.000.000.000.000.00
South KoreaKOSDAQ 1412585.7141.670.500.500.00
JapanNAGOYA 2000.000.000.000.000.00
SpainIBEX 76285.7133.330.330.330.00
ChinaSSE 54380.0075.000.250.250.00
BrazilBOVESPA 71361150.7030.561.221.31-0.08
SwedenSTOCKHOLM 149364.2933.330.330.44-0.11
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
USFOREX 115145.4520.000.000.40-0.40
MexicoBMV 169456.2544.440.110.56-0.44
DenmarkCOPENHAGEN 1914573.6835.711.001.50-0.50
PortugalLISBON 551100.0020.000.000.60-0.60
QatarQE 128366.6737.500.631.25-0.63
KuwaitKSE 94144.4425.000.251.00-0.75
UAEUAE 110100.000.000.001.00-1.00
RussiaMICEX 2816657.1437.500.691.75-1.06
Greece ATHENS 13136100.0046.152.153.54-1.38
ArgentinaBUE 146242.8633.331.173.50-2.33
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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