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
RussiaMICEX 111100.00100.0014.000.0014.00
OmanMSM 111100.00100.0014.000.0014.00
ChinaSSE 69403457.9785.0013.800.9512.85
Hong KongHKEX 151957362.9176.8413.250.6212.63
ChinaSZSE 84463754.7680.4311.330.5710.76
Greece ATHENS 43375.00100.0010.670.0010.67
PortugalLISBON 222100.00100.009.500.009.50
RussiaMICEX 43175.0033.3310.001.338.67
PakistanKSE 43211148.8452.389.480.908.57
USOTC PINK 126753859.5250.6710.652.448.21
DenmarkCOPENHAGEN 107570.0071.437.570.716.86
JordanASE 54480.00100.006.250.006.25
Vietnam HOSE 38211455.2666.676.810.816.00
USWARRANTS 21150.00100.006.000.006.00
Poland GPW 52362369.2363.896.610.645.97
IndonesiaIDX 60332455.0072.736.971.095.88
IndiaBSE 31918510657.9957.306.511.105.41
BrazilBOVESPA 44251556.8260.006.000.605.40
BangladeshDSE 2010650.0060.005.700.505.20
ArgentinaBUE 41125.00100.005.000.005.00
BelgiumBRUSSELS 1510766.6770.005.100.304.80
UKLSE 2411519662.6663.585.300.874.44
SwedenSTOCKHOLM 73523071.2357.695.331.294.04
USNASDAQ 40023214358.2561.374.960.934.03
The World 51603168202561.4563.864.620.823.80
ArgentinaBUE 74257.1450.005.251.503.75
MexicoBMV 168650.0075.005.381.753.63
EgyptEGX 31241577.4262.504.500.883.63
South KoreaKRX 79473059.4963.834.340.793.55
USAMEX 42231554.7665.224.390.873.52
TaiwanGTSM 111603554.0558.334.280.803.48
SpainIBEX 158453.3350.003.880.633.25
Saudi ArabiaTADAWUL 125541.67100.003.200.003.20
ThailandSET 32166.6750.003.000.003.00
IndonesiaIDX 51120.00100.003.000.003.00
NetherlandsAMSTERDAM 1714782.3550.003.640.643.00
CanadaTSX 1751057060.0066.673.510.562.95
South KoreaKOSDAQ 137865763.5065.523.780.862.92
JapanTOKYO 49332520765.9263.693.620.842.78
SwitzerlandSIX 24171170.8364.713.000.242.76
MalaysiaBURSA 32201262.5060.003.550.802.75
IsraelTASE 59362561.0269.443.190.442.75
IndiaNSE 2111137253.5563.724.051.342.72
ThailandSET 67452567.1655.563.821.132.69
FrancePARIS 73402554.7962.503.600.932.68
AustraliaASX 74462562.1654.353.370.762.61
AustraliaASX 222100.00100.002.500.002.50
USNYSE 38923916261.4467.782.910.652.26
Poland GPW 111100.00100.002.000.002.00
MalaysiaBURSA 111100.00100.002.000.002.00
BrazilBOVESPA 75571.43100.002.000.002.00
TurkeyBIST 222100.00100.002.000.002.00
USPREFERRED 42281866.6764.292.390.461.93
TaiwanTWSE 141744052.4854.052.780.891.89
PhilippinesPSE 28181364.2972.222.500.781.72
TurkeyBIST 40211452.5066.672.671.001.67
NorwayOSE 2914851.7253.332.931.331.60
ItalyBORSA 86542862.7951.852.721.151.57
ChileBCS 117563.6471.431.570.431.14
NorwayOSE 31133.33100.001.000.001.00
MexicoBMV 331100.0033.331.330.331.00
KuwaitKSE 75271.4340.004.203.201.00
PakistanKSE 222100.00100.001.000.001.00
Hong KongHKEX 111100.00100.001.000.001.00
GermanyXETRA 113733964.6053.421.510.520.99
SwedenSTOCKHOLM 331100.0033.331.000.330.67
Austria WIENERBORSE 95355.5660.001.000.400.60
SingaporeSGX 3513737.1453.851.621.080.54
UAEUAE 64266.6750.000.750.250.50
JapanTOKYO 32166.6750.000.500.000.50
Vietnam HNX 157246.6728.573.713.290.43
South KoreaKOSDAQ 76385.7150.000.670.500.17
PortugalLISBON 221100.0050.000.500.500.00
TaiwanGTSM 1000.000.000.000.000.00
USFOREX 31033.330.000.000.000.00
USOTCBB 1000.000.000.000.000.00
Vietnam HOSE 1000.000.000.000.000.00
Greece ATHENS 221100.0050.000.500.500.00
FrancePARIS 221100.0050.000.500.500.00
GermanyXETRA 221100.0050.000.500.500.00
SwitzerlandSIX 21050.000.000.000.000.00
DenmarkCOPENHAGEN 221100.0050.000.500.500.00
Austria WIENERBORSE 221100.0050.000.500.500.00
FOREXFOREX 21050.000.000.000.000.00
BelgiumBRUSSELS 332100.0066.670.330.330.00
ChinaSSE 2000.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
NetherlandsAMSTERDAM 332100.0066.670.330.330.00
PhilippinesPSE 21150.00100.000.000.000.00
IsraelTASE 64166.6725.000.000.000.00
ItalyBORSA 221100.0050.000.500.500.00
JapanNAGOYA 3000.000.000.000.000.00
CanadaTSX 63150.0033.330.330.67-0.33
SpainIBEX 43175.0033.330.330.67-0.33
IndiaNSE 43175.0033.330.000.67-0.67
CanadaTSX-V 106260.0033.330.831.50-0.67
UKLSE 110100.000.000.001.00-1.00
SingaporeSGX 220100.000.000.001.00-1.00
UAEUAE 220100.000.000.003.00-3.00
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

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.

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