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
IndonesiaIDX 53352366.0465.717.971.176.80
ChileBCS 28151053.5766.676.930.536.40
BelgiumBRUSSELS 159660.0066.677.561.336.22
Poland GPW 75472962.6761.706.870.746.13
NorwayOSE 2514756.0050.007.571.576.00
ThailandSET 21150.00100.006.000.006.00
USOTC PINK 1781005656.7455.458.442.515.92
Greece ATHENS 42250.00100.005.500.005.50
KuwaitKSE 65383.3360.005.600.205.40
USNASDAQ 42927217563.4064.345.811.094.72
South KoreaKOSDAQ 2061236660.1953.235.731.304.44
ArgentinaBUE 1712770.5958.335.251.004.25
Vietnam HOSE 51312060.7864.525.161.064.10
TurkeyBIST 111100.00100.004.000.004.00
FrancePARIS 89502656.1852.004.620.743.88
TaiwanGTSM 93462849.4660.874.480.613.87
SpainIBEX 22201190.9155.003.950.353.60
Austria WIENERBORSE 126250.0033.334.170.673.50
IndiaBSE 65436117955.2049.585.061.653.40
DenmarkCOPENHAGEN 1610862.5080.003.900.503.40
QatarQE 95255.5640.004.000.603.40
IsraelTASE 97604161.8668.333.830.623.22
AustraliaASX 92603565.2258.334.631.433.20
ItalyBORSA 77462359.7450.003.800.653.15
The World 63933762217258.8957.694.151.093.07
JapanTOKYO 39924515761.4064.083.820.773.05
TurkeyBIST 94462748.9458.703.930.893.04
IndonesiaIDX 31133.33100.003.000.003.00
JordanASE 52240.00100.003.000.003.00
IndiaNSE 46824012051.5049.794.981.993.00
PakistanKSE 79411751.9041.464.781.802.98
PhilippinesPSE 22131059.0976.923.080.152.92
USNYSE 53533621762.8064.583.700.792.91
MalaysiaBURSA 67361953.7352.783.440.752.69
Hong KongHKEX 2391437359.8351.054.051.362.69
ArgentinaBUE 43375.00100.002.670.002.67
BangladeshDSE 54291653.7055.173.901.242.66
SwedenSTOCKHOLM 122723959.0254.173.671.012.65
AustraliaASX 222100.00100.002.500.002.50
TaiwanTWSE 111673360.3649.253.300.852.45
ThailandSET 96563058.3353.573.521.092.43
SwitzerlandSIX 53362467.9266.673.110.722.39
ChinaSZSE 113563849.5667.863.250.982.27
USAMEX 65401961.5447.503.951.752.20
UKLSE 2641548958.3357.792.970.872.10
OmanMSM 111100.00100.002.000.002.00
BrazilBOVESPA 54480.00100.002.000.002.00
Poland GPW 111100.00100.002.000.002.00
BrazilBOVESPA 3321663.6428.573.331.381.95
CanadaTSX 152995865.1358.592.600.721.88
USPREFERRED 51342166.6761.762.290.441.85
South KoreaKRX 2491267250.6057.142.700.931.77
GermanyXETRA 117652855.5643.082.400.861.54
EgyptEGX 3626972.2234.623.041.541.50
NetherlandsAMSTERDAM 2214963.6464.292.291.001.29
CanadaTSX-V 1813672.2246.153.232.081.15
ChinaSSE 66271940.9170.372.261.111.15
MexicoBMV 331100.0033.331.330.331.00
PakistanKSE 222100.00100.001.000.001.00
Hong KongHKEX 111100.00100.001.000.001.00
RussiaMICEX 1712670.5950.001.921.170.75
CanadaTSX 74157.1425.001.500.750.75
South KoreaKOSDAQ 54380.0075.001.000.250.75
ChileBCS 105450.0080.000.600.200.40
Vietnam HNX 196331.5850.002.001.830.17
IndiaNSE 110100.000.000.000.000.00
JapanNAGOYA 3000.000.000.000.000.00
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
FrancePARIS 221100.0050.000.500.500.00
DenmarkCOPENHAGEN 221100.0050.000.500.500.00
GermanyXETRA 221100.0050.000.500.500.00
Greece ATHENS 221100.0050.000.500.500.00
IsraelTASE 42050.000.000.000.000.00
BelgiumBRUSSELS 221100.0050.000.500.500.00
FOREXFOREX 21050.000.000.000.000.00
Austria WIENERBORSE 221100.0050.000.500.500.00
ChinaSSE 2000.000.000.000.000.00
TaiwanGTSM 1000.000.000.000.000.00
PortugalLISBON 21150.00100.000.000.000.00
PortugalLISBON 221100.0050.000.500.500.00
USOTCBB 1000.000.000.000.000.00
USWARRANTS 1000.000.000.000.000.00
SpainIBEX 43175.0033.330.330.67-0.33
SingaporeSGX 198542.1162.500.631.00-0.38
MexicoBMV 2512848.0066.670.831.33-0.50
USFOREX 62033.330.000.000.50-0.50
SwedenSTOCKHOLM 220100.000.000.000.50-0.50
UKLSE 21050.000.000.001.00-1.00
SingaporeSGX 110100.000.000.001.00-1.00
Saudi ArabiaTADAWUL 52140.0050.000.001.00-1.00
CanadaCSE 31033.330.000.002.00-2.00
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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