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)
RussiaMICEX 111100.00100.0014.000.0014.00
UAEUAE 221100.0050.0015.001.5013.50
ChinaSSE 107787072.9089.7413.190.4912.71
JordanASE 75571.43100.0011.600.0011.60
PakistanKSE 52221442.3163.6412.230.6811.55
Vietnam HNX 105350.0060.0012.602.0010.60
ChinaSZSE 132887666.6786.3610.400.3310.07
Hong KongHKEX 25314710158.1068.719.290.808.49
CanadaTSX-V 197336.8442.8611.713.718.00
DenmarkCOPENHAGEN 177441.1857.147.430.297.14
USOTC PINK 1901276866.8453.549.652.696.96
Saudi ArabiaTADAWUL 24141158.3378.576.860.436.43
IndonesiaIDX 79422653.1661.907.310.936.38
USWARRANTS 43375.00100.
RussiaMICEX 76485.7166.676.330.505.83
PortugalLISBON 74357.1475.006.501.005.50
TurkeyBIST 60322453.3375.005.750.535.22
USAMEX 58362562.0769.446.171.085.08
USNASDAQ 46626618357.0868.805.710.715.00
ArgentinaBUE 41125.00100.
Poland GPW 53362267.9261.115.810.924.89
IndiaBSE 37921212155.9457.086.111.334.78
UKLSE 31618312257.9166.675.110.634.49
South KoreaKOSDAQ 163976660.1267.355.080.774.32
The World 67614091263460.5264.374.740.813.93
CanadaTSX 29718511862.2963.784.280.553.73
SwedenSTOCKHOLM 79502663.2952.005.101.443.66
BrazilBOVESPA 72382352.7860.534.500.953.55
TaiwanGTSM 109623656.8858.064.350.843.52
SpainIBEX 2716959.2656.254.000.503.50
BangladeshDSE 39211253.8557.143.950.523.43
FrancePARIS 99593659.6061.024.360.933.42
MalaysiaBURSA 52271551.9255.564.441.043.41
EgyptEGX 26171165.3864.714.240.943.29
NetherlandsAMSTERDAM 30211070.0047.623.760.623.14
ThailandSET 32166.6750.
IndonesiaIDX 51120.00100.
AustraliaASX 99543154.5557.413.720.812.91
IndiaNSE 2251177152.0060.684.341.442.91
JapanTOKYO 58735923061.1664.073.660.762.90
SingaporeSGX 50221444.0063.643.500.642.86
IsraelTASE 76503365.7966.003.280.462.82
South KoreaKRX 138875063.0457.473.540.752.79
Vietnam HOSE 2715755.5646.674.131.402.73
NorwayOSE 48271556.2555.564.411.812.59
BelgiumBRUSSELS 1712770.5958.333.080.502.58
AustraliaASX 222100.00100.002.500.002.50
GermanyXETRA 1631006061.3560.002.710.452.26
Greece ATHENS 95455.5680.003.801.602.20
SwitzerlandSIX 45302166.6770.002.400.232.17
USNYSE 76948932263.5965.852.830.672.16
ThailandSET 75492665.3353.063.311.182.12
MalaysiaBURSA 111100.00100.
Poland GPW 111100.00100.
BrazilBOVESPA 75571.43100.
TurkeyBIST 222100.00100.
Austria WIENERBORSE 136446.1566.672.170.331.83
ItalyBORSA 131744156.4955.412.911.091.81
TaiwanTWSE 145743451.0345.952.580.841.74
PhilippinesPSE 33211663.6476.192.140.521.62
MexicoBMV 2211750.0063.642.911.361.55
USPREFERRED 58352260.3462.861.910.431.49
ChileBCS 158653.3375.001.750.381.38
NorwayOSE 31133.33100.
PakistanKSE 222100.00100.
MexicoBMV 331100.0033.331.330.331.00
Hong KongHKEX 111100.00100.
ArgentinaBUE 94144.4425.
SwedenSTOCKHOLM 331100.0033.331.000.330.67
UAEUAE 64266.6750.000.750.250.50
JapanTOKYO 32166.6750.000.500.000.50
PeruBVL 64466.67100.000.500.000.50
South KoreaKOSDAQ 76385.7150.000.670.500.17
KuwaitKSE 106260.0033.333.833.670.17
USFOREX 31033.330.
Vietnam HOSE 1000.
TaiwanGTSM 1000.
PortugalLISBON 221100.0050.000.500.500.00
DenmarkCOPENHAGEN 221100.0050.000.500.500.00
FrancePARIS 221100.0050.000.500.500.00
GermanyXETRA 221100.0050.000.500.500.00
ChinaSSE 1000.
IsraelTASE 64166.6725.
Greece ATHENS 221100.0050.000.500.500.00
SwitzerlandSIX 21050.
BelgiumBRUSSELS 332100.0066.670.330.330.00
Austria WIENERBORSE 221100.0050.000.500.500.00
NetherlandsAMSTERDAM 332100.0066.670.330.330.00
PhilippinesPSE 21150.00100.
ItalyBORSA 221100.0050.000.500.500.00
OmanMSM 2000.
JapanNAGOYA 53160.0033.330.000.33-0.33
CanadaTSX 63150.0033.330.330.67-0.33
SpainIBEX 43175.0033.330.330.67-0.33
IndiaNSE 43175.0033.330.000.67-0.67
SingaporeSGX 220100.
UKLSE 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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