BULLISH DESCENT BLOCK
Definition
This pattern consists of three consecutive black candlesticks with consecutively
lower closes in a
downtrend. It is the compliment of the Bearish Advanced Block Pattern.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black candlestick appears on the first day.
3. The next two days are black candlesticks with each closing below the previous day’s close and
having an opening in the range of the previous day’s body.
4. The last two days have long lower shadows.
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