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 96696071.8886.9612.720.6112.12
USOTCBB 21150.00100.0010.000.0010.00
ChinaSZSE 132847063.6483.339.710.719.00
JordanASE 97677.7885.719.711.148.57
Hong KongHKEX 2351439560.8566.439.260.928.34
JapanNAGOYA 32266.67100.007.500.007.50
DenmarkCOPENHAGEN 2111752.3863.647.360.277.09
OmanMSM 41125.00100.
USOTC PINK 2111386965.4050.009.532.716.82
CanadaTSX-V 2111452.3836.369.453.276.18
IndiaBSE 45825113854.8054.987.631.476.17
USWARRANTS 43375.00100.
IndonesiaIDX 74422756.7664.296.951.025.93
South KoreaKOSDAQ 2251328958.6767.426.250.615.64
TurkeyBIST 45251855.5672.005.760.645.12
USAMEX 71453363.3873.335.870.875.00
NorwayOSE 45231651.1169.575.390.484.91
BrazilBOVESPA 73422657.5361.905.670.864.81
MalaysiaBURSA 48231547.9265.225.781.094.70
UKLSE 33220613962.0567.485.090.584.51
Austria WIENERBORSE 127558.3371.434.710.294.43
NetherlandsAMSTERDAM 39241261.5450.004.920.544.38
USNASDAQ 44828418163.3963.735.150.824.34
Saudi ArabiaTADAWUL 27131048.1576.924.850.544.31
CanadaTSX 32319513160.3767.184.790.524.27
The World 67994214269061.9863.834.850.824.03
ArgentinaBUE 106360.0050.005.501.504.00
IndiaNSE 2591308250.1963.
AustraliaASX 125774361.6055.844.750.903.86
ItalyBORSA 127703855.1254.294.671.013.66
South KoreaKRX 1861227465.5960.664.350.723.63
SwedenSTOCKHOLM 81543166.6757.414.871.313.56
RussiaMICEX 1312992.3175.003.670.333.33
TurkeyBIST 333100.00100.003.330.003.33
IsraelTASE 79503163.2962.003.780.563.22
TaiwanGTSM 108603755.5661.674.120.923.20
EgyptEGX 32211265.6357.144.571.383.19
FrancePARIS 103533251.4660.384.041.043.00
SingaporeSGX 49241548.9862.503.210.292.92
JapanTOKYO 53735523366.1165.633.520.772.75
SpainIBEX 2916955.1756.253.631.062.56
BelgiumBRUSSELS 2113961.9069.232.920.462.46
GermanyXETRA 1901157360.5363.482.750.442.30
USNYSE 76850631965.8963.042.860.672.19
SwitzerlandSIX 45312068.8964.522.260.262.00
KuwaitKSE 117463.6457.144.292.571.71
MexicoBMV 2011855.0072.732.821.271.55
USPREFERRED 65412563.0860.981.780.371.41
Greece ATHENS 1410771.4370.002.301.001.30
TaiwanTWSE 149773051.6838.962.171.031.14
Austria WIENERBORSE 332100.0066.670.670.330.33
USAMEX 117363.6442.860.860.570.29
FOREXFOREX 74257.1450.
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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