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.
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.
Pattern Performance in Stock Exchanges since 1/1/2014
Stock Exchange
Per Trade
Total Net%(Descending)
PortugalLISBON 85462.5080.0014.800.0014.80
ChinaSSE 92655870.6589.2312.580.3212.26
USOTCBB 21150.00100.0010.000.0010.00
ChinaSZSE 130847064.6283.339.730.719.01
Hong KongHKEX 2311419561.0467.389.440.918.53
JordanASE 86575.0083.339.671.338.33
USOTC PINK 1991286564.3250.7810.442.807.64
JapanNAGOYA 32266.67100.007.500.007.50
DenmarkCOPENHAGEN 1911757.8963.647.360.277.09
OmanMSM 41125.00100.
CanadaTSX-V 2111452.3836.369.453.276.18
IndonesiaIDX 71392654.9366.677.211.036.18
IndiaBSE 45025113755.7854.587.621.506.12
USWARRANTS 43375.00100.
South KoreaKOSDAQ 2211308758.8266.926.440.595.85
NorwayOSE 42211550.0071.435.860.485.38
TurkeyBIST 43241855.8175.006.000.675.33
MalaysiaBURSA 45201244.4460.006.351.255.10
BrazilBOVESPA 70432761.4362.795.580.864.72
UKLSE 32920413862.0167.655.060.594.47
Austria WIENERBORSE 127558.3371.434.710.294.43
NetherlandsAMSTERDAM 39241261.5450.004.920.544.38
USAMEX 67443165.6770.455.250.914.34
Saudi ArabiaTADAWUL 27131048.1576.924.850.544.31
USNASDAQ 41726016562.5963.225.160.874.30
CanadaTSX 31818912659.4366.674.690.534.16
The World 65994086261061.9563.854.890.824.07
ArgentinaBUE 106360.0050.005.501.504.00
AustraliaASX 126774361.1155.844.750.953.81
IndiaNSE 2581308050.3961.545.051.283.77
South KoreaKRX 1821187364.8461.864.450.743.71
ItalyBORSA 125703856.0054.294.701.013.69
SwedenSTOCKHOLM 78522866.6753.854.921.383.54
RussiaMICEX 12129100.0075.003.670.333.33
TurkeyBIST 333100.00100.003.330.003.33
TaiwanGTSM 100563356.0058.934.230.983.25
IsraelTASE 78493164.1062.003.800.563.24
FrancePARIS 98513152.0460.784.080.923.16
EgyptEGX 27161159.2668.754.441.383.06
SpainIBEX 2815953.5760.003.870.932.93
JapanTOKYO 52234923066.8665.903.500.782.71
MexicoBMV 189750.0077.783.330.672.67
SingaporeSGX 48231347.9256.522.910.432.48
BelgiumBRUSSELS 2113961.9069.232.920.462.46
GermanyXETRA 1861137260.7563.722.790.432.35
USNYSE 73348630366.3062.352.830.692.14
SwitzerlandSIX 44302068.1866.672.330.272.07
USPREFERRED 65412563.0860.982.100.371.73
Greece ATHENS 1410771.4370.002.301.001.30
TaiwanTWSE 141733051.7741.
Austria WIENERBORSE 332100.0066.670.670.330.33
USAMEX 117363.6442.860.860.570.29
FOREXFOREX 74257.1450.
KuwaitKSE 95255.5640.003.803.600.20
QatarQE 1000.
UAEUAE 110100.
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
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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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