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 1/1/2019
Stock Exchange 
Per Trade 
Total Net% Descending
OmanMSM 333100.00100.0012.000.0012.00
ThailandSET 21150.00100.
ArgentinaBUE 43375.00100.004.330.004.33
TurkeyBIST 664100.0066.673.500.003.50
PortugalLISBON 131153.8514.293.390.003.39
Vietnam HOSE 32166.6750.003.500.503.00
ChinaSSE 52140.0050.003.000.502.50
TaiwanGTSM 332100.0066.672.670.332.33
IndiaNSE 331100.0033.332.330.332.00
Poland GPW 111100.00100.
IndonesiaIDX 74457.14100.001.500.001.50
JapanTOKYO 42250.00100.001.500.001.50
SingaporeSGX 332100.0066.671.670.331.33
BrazilBOVESPA 76585.7183.331.330.001.33
MexicoBMV 87587.5071.431.290.141.14
PortugalLISBON 332100.0066.671.330.331.00
GermanyXETRA 332100.0066.671.330.331.00
FrancePARIS 332100.0066.671.330.331.00
AustraliaASX 75471.4380.
Austria WIENERBORSE 332100.0066.671.330.331.00
BelgiumBRUSSELS 332100.0066.671.330.331.00
ItalyBORSA 332100.0066.671.330.331.00
PakistanKSE 222100.00100.
NetherlandsAMSTERDAM 332100.0066.671.330.331.00
JapanFUKUOKA 21150.00100.000.920.000.92
ChileBCS 1815883.3353.331.130.330.80
CanadaTSX 74157.1425.001.500.750.75
Hong KongHKEX 221100.0050.000.500.000.50
Greece ATHENS 442100.0050.001.000.500.50
SpainIBEX 54280.0050.001.000.500.50
South KoreaKOSDAQ 76385.7150.000.670.330.33
PhilippinesPSE 64466.67100.
ChinaSSE 4721165.040.330.050.000.05
The World 1828224414758.801.370.050.010.04
IndiaBSE 16330053.460.
IsraelTASE 2900051.720.
IndiaNSE 11770053.
ItalyBORSA 3190057.680.
JapanNAGOYA 50060.
JapanTOKYO 12260057.
KuwaitKSE 50040.
EgyptEGX 650060.
JordanASE 70042.860.
South KoreaKOSDAQ 4170057.790.
South KoreaKRX 4630054.430.
UAEUAE 80037.500.
Saudi ArabiaTADAWUL 600043.330.
QatarQE 160062.500.
NetherlandsAMSTERDAM 1120054.460.
MalaysiaBURSA 110100.
MalaysiaBURSA 1500052.
MexicoBMV 680058.820.
NorwayOSE 920060.870.
NorwayOSE 2000.
PakistanKSE 1090054.
PhilippinesPSE 440061.360.
AustraliaASX 2720054.780.
Austria WIENERBORSE 280050.
ArgentinaBUE 550069.
BangladeshDSE 1480058.
CanadaCSE 150060.
CanadaTSX-V 510054.900.
BrazilBOVESPA 1940068.560.
SwitzerlandSIX 1750068.
BelgiumBRUSSELS 330072.730.
CanadaTSX 5300059.810.
Greece ATHENS 210066.670.
FrancePARIS 3490058.740.
SpainIBEX 660071.
IndonesiaIDX 1600056.880.
Hong KongHKEX 5450057.800.
DenmarkCOPENHAGEN 221100.0050.000.500.500.00
DenmarkCOPENHAGEN 420061.900.
GermanyXETRA 6250054.
ChileBCS 440050.
ChinaSZSE 6140056.510.
TaiwanGTSM 2570057.590.
TaiwanTWSE 3530059.490.
ThailandSET 2200054.
SingaporeSGX 460052.
Poland GPW 1390058.
RussiaMICEX 620056.450.
SwedenSTOCKHOLM 3180062.580.
USWARRANTS 240066.670.
USPREFERRED 1260061.900.
USOTC PINK 4220062.320.
USNYSE 13750064.360.
USNASDAQ 11160062.370.
USAMEX 1650058.790.
UKLSE 8360056.
TurkeyBIST 1830054.
Vietnam HOSE 1190047.
Vietnam HNX 400040.
USFOREX 116254.5533.330.330.50-0.17
SwedenSTOCKHOLM 441100.0025.000.250.50-0.25
IsraelTASE 83037.500.000.000.33-0.33
UKLSE 32066.670.000.001.00-1.00
UAEUAE 41025.
SwitzerlandSIX 21050.
BangladeshDSE 120200.
RussiaMICEX 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


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.