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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 31133.33100.0035.000.0035.00
IndonesiaIDX 50342368.0067.658.211.157.06
ChileBCS 147450.0057.147.290.716.57
BelgiumBRUSSELS 159660.0066.677.561.336.22
ThailandSET 21150.00100.
NorwayOSE 2514756.0050.007.571.576.00
Poland GPW 75472962.6761.706.870.965.91
USOTC PINK 1681025561.3153.408.222.595.63
Greece ATHENS 42250.00100.005.500.005.50
KuwaitKSE 65383.3360.005.600.205.40
South KoreaKOSDAQ 1901166361.0554.316.161.244.91
QatarQE 74257.1450.
Austria WIENERBORSE 115245.4540.005.000.404.60
USNASDAQ 41426516964.0163.775.581.064.52
ArgentinaBUE 1812766.6758.335.251.004.25
FrancePARIS 85472655.2955.324.910.684.23
Vietnam HOSE 52312059.6264.525.161.064.10
ArgentinaBUE 32266.67100.
TurkeyBIST 111100.00100.
SpainIBEX 22201290.9160.004.250.353.90
TaiwanGTSM 92452748.9160.004.360.623.73
DenmarkCOPENHAGEN 1610862.5080.004.000.503.50
IndiaNSE 42221711151.6650.925.141.703.44
IndiaBSE 60333816756.0549.414.991.593.40
IsraelTASE 95584061.0568.973.970.643.33
The World 60053562204959.3557.494.181.073.11
ItalyBORSA 75432057.3346.513.790.703.09
PakistanKSE 75391652.0041.034.971.903.08
JapanTOKYO 38123314861.1563.523.850.793.06
AustraliaASX 83553266.2758.184.451.453.00
IndonesiaIDX 31133.33100.
JordanASE 52240.00100.
USNYSE 49833221566.6764.763.720.772.95
PhilippinesPSE 22131059.0976.923.080.152.92
SwedenSTOCKHOLM 119693757.9853.623.901.042.86
MalaysiaBURSA 64341753.1350.003.590.792.79
Hong KongHKEX 2261366860.1850.004.061.412.65
AustraliaASX 222100.00100.002.500.002.50
BangladeshDSE 48251352.0852.003.881.402.48
TaiwanTWSE 107653260.7549.233.280.832.45
TurkeyBIST 91442548.3556.823.340.932.41
SwitzerlandSIX 47332270.2166.673.150.792.36
ThailandSET 90512756.6752.943.551.202.35
ChinaSZSE 108553650.9365.453.291.002.29
UKLSE 2381357656.7256.302.990.872.11
CanadaTSX 136905466.1860.002.720.682.04
Poland GPW 111100.00100.
OmanMSM 111100.00100.
BrazilBOVESPA 54480.00100.
BrazilBOVESPA 3221665.6328.573.331.381.95
South KoreaKRX 2341146648.7257.892.820.931.89
USAMEX 55351663.6445.713.461.741.71
USPREFERRED 49311963.2761.292.160.481.68
EgyptEGX 3626972.2234.623.041.541.50
GermanyXETRA 105612658.1042.622.200.851.34
NetherlandsAMSTERDAM 2113861.9061.542.231.081.15
CanadaTSX-V 1813672.2246.
ChinaSSE 63261841.2769.232.311.151.15
PakistanKSE 222100.00100.
Hong KongHKEX 111100.00100.
ChileBCS 103330.00100.
MexicoBMV 331100.0033.331.330.331.00
South KoreaKOSDAQ 54380.0075.
CanadaTSX 74157.1425.001.500.750.75
RussiaMICEX 1611568.7545.451.731.270.45
Vietnam HNX 196331.5850.002.001.830.17
DenmarkCOPENHAGEN 221100.0050.000.500.500.00
GermanyXETRA 221100.0050.000.500.500.00
ChinaSSE 2000.
FrancePARIS 221100.0050.000.500.500.00
Greece ATHENS 221100.0050.000.500.500.00
BelgiumBRUSSELS 221100.0050.000.500.500.00
Austria WIENERBORSE 221100.0050.000.500.500.00
ItalyBORSA 221100.0050.000.500.500.00
IndiaNSE 110100.
IsraelTASE 42050.
UAEUAE 3000.
JapanNAGOYA 3000.
JapanTOKYO 2000.
NorwayOSE 2000.
NetherlandsAMSTERDAM 221100.0050.000.500.500.00
PhilippinesPSE 31133.33100.
TaiwanGTSM 1000.
PortugalLISBON 21150.00100.
PortugalLISBON 221100.0050.000.500.500.00
SpainIBEX 43175.0033.330.330.67-0.33
SingaporeSGX 198542.1162.500.631.00-0.38
USFOREX 62033.330.000.000.50-0.50
SwedenSTOCKHOLM 220100.
Saudi ArabiaTADAWUL 52140.0050.000.001.00-1.00
SingaporeSGX 110100.
UKLSE 21050.
MexicoBMV 2613850.0061.540.771.85-1.08
UAEUAE 220100.
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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