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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 31133.33100.0035.000.0035.00
NorwayOSE 2112757.1458.338.830.838.00
ChileBCS 126450.0066.678.500.508.00
IndonesiaIDX 46322169.5765.638.161.226.94
Poland GPW 66432765.1562.796.930.866.07
ThailandSET 21150.00100.006.000.006.00
USOTC PINK 149924761.7451.098.212.405.80
Austria WIENERBORSE 84250.0050.006.250.505.75
Greece ATHENS 42250.00100.005.500.005.50
KuwaitKSE 65383.3360.005.600.205.40
South KoreaKOSDAQ 1711045660.8253.856.471.305.17
ArgentinaBUE 1511773.3363.645.730.735.00
Vietnam HOSE 48261854.1769.236.041.194.85
USNASDAQ 37824115663.7664.735.590.974.63
FrancePARIS 79422353.1654.765.240.694.55
SpainIBEX 19161084.2162.504.750.384.38
QatarQE 53160.0033.334.670.334.33
TaiwanGTSM 82382146.3455.264.820.684.13
ArgentinaBUE 32266.67100.004.000.004.00
TurkeyBIST 111100.00100.004.000.004.00
PakistanKSE 61331454.1042.425.671.763.91
IsraelTASE 82513762.2072.554.040.293.75
AustraliaASX 75482964.0060.424.831.253.58
USAMEX 44261059.0938.465.271.883.38
JapanTOKYO 34521614562.6167.134.090.753.35
IndiaBSE 53930214756.0348.684.911.573.34
ItalyBORSA 72401955.5647.503.980.703.28
The World 54193218185859.3857.744.211.033.18
USNYSE 46530619965.8165.033.900.753.15
BelgiumBRUSSELS 138561.5462.504.501.383.13
PhilippinesPSE 2011855.0072.733.270.183.09
JordanASE 52240.00100.003.000.003.00
IndonesiaIDX 31133.33100.003.000.003.00
BangladeshDSE 40211252.5057.144.431.482.95
IndiaNSE 3741999953.2149.754.511.592.91
MalaysiaBURSA 58311653.4551.613.680.842.84
TaiwanTWSE 99603060.6150.003.530.832.70
AustraliaASX 222100.00100.002.500.002.50
CanadaTSX 120794965.8362.033.000.532.47
Hong KongHKEX 1961165559.1847.413.851.392.47
ThailandSET 82472657.3255.323.451.172.28
South KoreaKRX 1941036353.0961.173.040.792.25
SwedenSTOCKHOLM 108592954.6349.153.371.172.20
UKLSE 2221277257.2156.692.980.912.08
OmanMSM 111100.00100.002.000.002.00
BrazilBOVESPA 54480.00100.002.000.002.00
Poland GPW 111100.00100.002.000.002.00
TurkeyBIST 80361945.0052.782.920.971.94
USPREFERRED 47291961.7065.522.310.481.83
ChinaSZSE 95442746.3261.363.021.201.82
BrazilBOVESPA 2818564.2927.782.941.281.67
SwitzerlandSIX 41291870.7362.072.520.901.62
EgyptEGX 3424870.5933.333.251.671.58
RussiaMICEX 149464.2944.442.110.561.56
GermanyXETRA 100572557.0043.862.180.721.46
DenmarkCOPENHAGEN 148657.1475.002.000.631.38
NetherlandsAMSTERDAM 1912763.1658.332.331.171.17
CanadaTSX-V 1713676.4746.153.232.081.15
ChinaSSE 54221540.7468.182.361.271.09
MexicoBMV 331100.0033.331.330.331.00
PakistanKSE 222100.00100.001.000.001.00
ChileBCS 83337.50100.001.000.001.00
Hong KongHKEX 111100.00100.001.000.001.00
CanadaTSX 74157.1425.001.500.750.75
South KoreaKOSDAQ 54380.0075.001.000.250.75
Vietnam HNX 196331.5850.002.001.830.17
SingaporeSGX 197536.8471.430.710.570.14
FrancePARIS 221100.0050.000.500.500.00
Greece ATHENS 221100.0050.000.500.500.00
DenmarkCOPENHAGEN 221100.0050.000.500.500.00
GermanyXETRA 221100.0050.000.500.500.00
ChinaSSE 2000.000.000.000.000.00
BelgiumBRUSSELS 221100.0050.000.500.500.00
FOREXFOREX 21050.000.000.000.000.00
Austria WIENERBORSE 221100.0050.000.500.500.00
IsraelTASE 42050.000.000.000.000.00
JapanNAGOYA 2000.000.000.000.000.00
JapanTOKYO 2000.000.000.000.000.00
ItalyBORSA 221100.0050.000.500.500.00
UAEUAE 3000.000.000.000.000.00
NorwayOSE 2000.000.000.000.000.00
NetherlandsAMSTERDAM 221100.0050.000.500.500.00
PhilippinesPSE 31133.33100.000.000.000.00
USOTCBB 1000.000.000.000.000.00
USWARRANTS 1000.000.000.000.000.00
PortugalLISBON 111100.00100.000.000.000.00
PortugalLISBON 221100.0050.000.500.500.00
TaiwanGTSM 1000.000.000.000.000.00
SpainIBEX 43175.0033.330.330.67-0.33
SwedenSTOCKHOLM 220100.000.000.000.50-0.50
USFOREX 62033.330.000.000.50-0.50
Saudi ArabiaTADAWUL 52140.0050.000.001.00-1.00
UKLSE 110100.000.000.001.00-1.00
SingaporeSGX 110100.000.000.001.00-1.00
MexicoBMV 2512748.0058.330.502.00-1.50
UAEUAE 220100.000.000.002.00-2.00
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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