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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 73242.8666.6728.330.6727.67
USWARRANTS 41125.00100.0026.000.0026.00
ChinaSSE 114614753.5177.059.691.028.67
Vietnam HOSE 111100.00100.008.000.008.00
ChinaSSE 31133.33100.008.000.008.00
Hong KongHKEX 31818512158.1865.418.480.737.75
IndonesiaIDX 127725156.6970.837.740.836.90
Greece ATHENS 84450.00100.006.750.006.75
TaiwanGTSM 21150.00100.006.000.006.00
ThailandSET 21150.00100.006.000.006.00
ChinaSZSE 154855855.1968.246.961.025.94
PakistanKSE 99422042.4247.627.211.625.60
TurkeyBIST 222100.00100.005.500.005.50
RussiaMICEX 1713876.4761.546.230.775.46
JordanASE 64466.67100.005.250.005.25
BelgiumBRUSSELS 2514956.0064.295.710.575.14
OmanMSM 332100.0066.675.000.005.00
DenmarkCOPENHAGEN 25151160.0073.335.400.604.80
QatarQE 74257.1450.005.000.504.50
USOTC PINK 3201849158.1348.927.272.914.36
ArgentinaBUE 43375.00100.004.330.004.33
TurkeyBIST 134724853.7366.675.561.244.32
BangladeshDSE 71382053.5252.635.471.214.26
South KoreaKOSDAQ 2751699461.4555.625.211.124.08
Poland GPW 119723860.5052.785.000.974.03
SwitzerlandSIX 75482864.0058.334.880.854.02
USNASDAQ 70141123758.6357.665.591.584.01
IndiaNSE 221100.0050.004.000.004.00
PortugalLISBON 65583.33100.004.000.004.00
TaiwanGTSM 168864951.1956.984.870.874.00
SpainIBEX 45261657.7861.544.460.543.92
NetherlandsAMSTERDAM 47291861.7062.074.721.033.69
IndiaBSE 92049024553.3749.905.421.783.64
Vietnam HOSE 74412355.4156.104.801.173.63
BrazilBOVESPA 80492661.2553.064.651.203.45
ArgentinaBUE 2515860.0053.334.671.273.40
The World 108396128357456.5958.274.491.213.28
SwedenSTOCKHOLM 1821146162.6453.514.511.343.17
AustraliaASX 148794553.3856.964.541.383.16
JapanTOKYO 91156936062.4663.273.940.843.11
FrancePARIS 1901005852.6358.003.970.873.10
NorwayOSE 41211251.2257.144.671.623.05
IndonesiaIDX 31133.33100.003.000.003.00
UKLSE 53729217454.5659.394.211.252.96
ItalyBORSA 167874552.1051.723.640.892.76
ThailandSET 133844463.1652.383.931.352.58
IndiaNSE 72935718049.2550.144.562.032.53
AustraliaASX 32266.67100.002.500.002.50
ChileBCS 36211258.3357.143.190.712.48
USNYSE 90855434061.0161.373.801.362.44
CanadaTSX 31417610256.0557.953.180.832.35
MalaysiaBURSA 85442451.7654.553.250.982.27
EgyptEGX 55381969.0950.003.841.682.16
USPREFERRED 85543063.5355.562.700.562.15
South KoreaKRX 2691387551.3054.353.010.992.03
IsraelTASE 150774851.3362.343.271.252.03
Poland GPW 111100.00100.002.000.002.00
BrazilBOVESPA 54480.00100.002.000.002.00
PhilippinesPSE 48312164.5867.742.450.581.87
TaiwanTWSE 2151115451.6348.652.991.141.86
USAMEX 95552857.8950.913.551.691.85
GermanyXETRA 2891306344.9848.462.450.741.72
Saudi ArabiaTADAWUL 227431.8257.142.000.431.57
Hong KongHKEX 111100.00100.001.000.001.00
PhilippinesPSE 42250.00100.001.000.001.00
PakistanKSE 222100.00100.001.000.001.00
MexicoBMV 331100.0033.331.330.331.00
SingaporeSGX 52181134.6261.111.670.780.89
CanadaTSX 74157.1425.001.500.750.75
South KoreaKOSDAQ 65383.3360.000.800.200.60
Austria WIENERBORSE 3114745.1650.001.140.640.50
ChileBCS 105450.0080.000.600.200.40
USOTCBB 1000.000.000.000.000.00
SwedenSTOCKHOLM 331100.0033.330.330.330.00
PortugalLISBON 221100.0050.000.500.500.00
JapanNAGOYA 7000.000.000.000.000.00
JapanTOKYO 2000.000.000.000.000.00
ItalyBORSA 221100.0050.000.500.500.00
IsraelTASE 42050.000.000.000.000.00
UAEUAE 3000.000.000.000.000.00
MexicoBMV 38201152.6355.001.601.600.00
NorwayOSE 2000.000.000.000.000.00
NetherlandsAMSTERDAM 221100.0050.000.500.500.00
BelgiumBRUSSELS 221100.0050.000.500.500.00
Austria WIENERBORSE 221100.0050.000.500.500.00
FOREXFOREX 21050.000.000.000.000.00
Greece ATHENS 221100.0050.000.500.500.00
FrancePARIS 221100.0050.000.500.500.00
GermanyXETRA 221100.0050.000.500.500.00
DenmarkCOPENHAGEN 221100.0050.000.500.500.00
Vietnam HNX 205225.0040.002.002.20-0.20
SpainIBEX 43175.0033.330.330.67-0.33
USFOREX 62033.330.000.000.50-0.50
CanadaTSX-V 1814677.7842.865.075.71-0.64
SingaporeSGX 110100.000.000.001.00-1.00
UKLSE 21050.000.000.001.00-1.00
UAEUAE 64166.6725.000.751.75-1.00
SwitzerlandSIX 110100.000.000.001.00-1.00
KuwaitKSE 86175.0016.671.833.33-1.50
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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