BULLISH DELIBERATION 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 buying decisions.
BULLISH DELIBERATION BLOCK
Definition
This pattern consists of three consecutive black candlesticks with consecutively lower closes in a downtrend. It is the compliment of the Bearish Deliberation Block Pattern.
Recognition Criteria
1. Market is characterized by a prevailing downtrend.
2. A black candlestick appears on the first day.
3. The next day is another black candlestick, which opens in the range of the previous day’s body and closes below the previous day’s close.
4. The final day is a short black candlestick, a spinning top or a Doji that gaps down below the second day.
Pattern Requirements and Flexibility
The first two black candlesticks appearing in the Bullish Deliberation Block should not be short. The second day should open at or higher than the close of the first day, while the close of the second day should be at or below the close of the first day. The gapping down third candlestick can be a short black candlestick or a Doji.
Trader’s Behavior
The two consecutive black candlesticks secure the downtrend, and the bears are content with the situation. The secure downtrend attracts more bears, and the third day opens below the close of the preceding day. The third day is also a black day, convincing the bears about the continuation of the downtrend. A closer look, however, reveals signs of weakness. The range of each body is getting smaller day-by-day and the third day gaps below making a star, which shows indecision.
Buy/Stop Loss Levels
The confirmation level is defined as the midpoint between the last close and the body bottom of the second day. Prices should cross above this level for confirmation.

The stop loss level is defined as the lower of the last two lows. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered.
Title
Pattern Performance in Stock Exchanges since 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
PortugalLISBON 85462.5080.0014.800.0014.80
ChinaSSE 95665969.4789.3913.120.3212.80
USOTCBB 21150.00100.0010.000.0010.00
ChinaSZSE 129836964.3483.139.690.728.96
Hong KongHKEX 2331429560.9466.909.320.928.40
JordanASE 86575.0083.339.671.338.33
JapanNAGOYA 32266.67100.007.500.007.50
DenmarkCOPENHAGEN 2011755.0063.647.360.277.09
USOTC PINK 2051346865.3750.759.742.727.02
OmanMSM 41125.00100.007.000.007.00
CanadaTSX-V 2111452.3836.369.453.276.18
IndiaBSE 45825313955.2454.947.581.496.10
USWARRANTS 43375.00100.006.000.006.00
IndonesiaIDX 72412656.9463.416.851.055.80
South KoreaKOSDAQ 2251328958.6767.426.360.585.77
NorwayOSE 42211550.0071.435.860.485.38
TurkeyBIST 44251856.8272.005.760.645.12
MalaysiaBURSA 48231547.9265.225.781.094.70
BrazilBOVESPA 74452860.8162.225.360.894.47
UKLSE 33220713962.3567.155.040.584.46
Austria WIENERBORSE 127558.3371.434.710.294.43
USNASDAQ 43727617763.3963.905.240.864.38
NetherlandsAMSTERDAM 39241261.5450.004.920.544.38
USAMEX 69453265.2271.115.240.894.36
Saudi ArabiaTADAWUL 27131048.1576.924.850.544.31
CanadaTSX 32019112859.6967.024.690.524.17
The World 67114168266362.1463.864.840.824.02
ArgentinaBUE 106360.0050.005.501.504.00
IndiaNSE 2571298150.1962.795.161.243.92
AustraliaASX 126784361.9055.134.690.973.72
South KoreaKRX 1851217465.4161.164.390.723.67
ItalyBORSA 126703855.5654.294.671.013.66
SwedenSTOCKHOLM 78522966.6755.774.941.373.58
RussiaMICEX 12129100.0075.003.670.333.33
TurkeyBIST 333100.00100.003.330.003.33
TaiwanGTSM 104583655.7762.074.210.953.26
IsraelTASE 78493164.1062.003.780.563.22
FrancePARIS 101513150.5060.784.080.923.16
SpainIBEX 2815953.5760.003.870.932.93
JapanTOKYO 52535122966.8665.243.470.792.68
SingaporeSGX 50251550.0060.003.080.402.68
EgyptEGX 29181162.0761.113.941.442.50
BelgiumBRUSSELS 2113961.9069.232.920.462.46
KuwaitKSE 106360.0050.005.333.002.33
GermanyXETRA 1881157361.1763.482.750.442.30
USNYSE 75550031766.2363.402.840.672.17
SwitzerlandSIX 45302066.6766.672.330.272.07
MexicoBMV 2011855.0072.732.821.271.55
USPREFERRED 66412562.1260.981.730.371.37
Greece ATHENS 1410771.4370.002.301.001.30
TaiwanTWSE 144763052.7839.472.201.031.17
Austria WIENERBORSE 332100.0066.670.670.330.33
USAMEX 117363.6442.860.860.570.29
FOREXFOREX 74257.1450.000.250.000.25
QatarQE 1000.000.000.000.000.00
UAEUAE 110100.000.000.002.00-2.00
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
About Us
Support
Privacy
TOS
Important Links
English
Deutsch
中文
Français
Türkçe
Indonesia
Español
Italiano
 
 
 
 
 
 
 
 
 
 

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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.