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 63250.0066.6728.330.6727.67
ChinaSSE 104564353.8576.7910.021.009.02
Hong KongHKEX 29617511459.1265.148.810.748.07
OmanMSM 222100.00100.007.500.007.50
Greece ATHENS 64466.67100.006.750.006.75
ChinaSZSE 143795855.2473.427.490.966.53
ThailandSET 21150.00100.006.000.006.00
DenmarkCOPENHAGEN 19121063.1683.336.250.505.75
PakistanKSE 93411944.0946.347.271.665.61
USOTC PINK 2881618856.6053.998.362.785.58
IndonesiaIDX 101573956.4468.426.250.815.44
JordanASE 64466.67100.005.250.005.25
Poland GPW 104653662.5055.385.430.694.74
QatarQE 74257.1450.005.000.504.50
BelgiumBRUSSELS 2011655.0054.555.180.734.45
ArgentinaBUE 43375.00100.004.330.004.33
USNASDAQ 61137222260.8859.685.541.254.29
South KoreaKOSDAQ 2561598862.1155.355.161.134.03
TurkeyBIST 111100.00100.004.000.004.00
PortugalLISBON 555100.00100.004.000.004.00
IndiaBSE 80144322355.3150.345.661.664.00
BrazilBOVESPA 69442363.7752.274.930.983.95
NorwayOSE 34191255.8863.165.161.213.95
Vietnam HOSE 67362053.7355.564.921.033.89
TaiwanGTSM 156834753.2156.634.610.843.77
AustraliaASX 120694257.5060.874.390.903.49
RussiaMICEX 1410671.4360.004.200.803.40
ArgentinaBUE 2115871.4353.334.671.273.40
The World 94405609332459.4559.234.401.043.36
SwedenSTOCKHOLM 1561055667.3153.334.511.203.31
TurkeyBIST 118674356.7864.184.631.333.30
IndiaNSE 63231516749.8453.024.971.713.26
ThailandSET 123774362.6055.844.231.093.14
IndonesiaIDX 31133.33100.003.000.003.00
FrancePARIS 154895157.7957.303.690.752.93
USNYSE 79650832563.8263.983.690.932.76
ChileBCS 35211360.0061.903.240.522.71
IsraelTASE 119664455.4666.673.140.472.67
JapanTOKYO 84652432661.9462.213.440.812.62
ItalyBORSA 126794062.7050.633.440.852.59
KuwaitKSE 109490.0044.444.331.782.56
UKLSE 42825214659.1157.713.510.992.53
AustraliaASX 222100.00100.002.500.002.50
BangladeshDSE 65331650.7748.483.791.302.48
EgyptEGX 53371969.8151.353.951.492.46
USPREFERRED 80553368.7560.002.890.512.38
NetherlandsAMSTERDAM 33241572.7362.503.250.882.38
CanadaTSX 2701659661.1158.183.010.742.27
USAMEX 88512757.9552.943.651.412.24
TaiwanTWSE 1971025251.7850.983.140.952.19
Saudi ArabiaTADAWUL 156440.0066.672.330.332.00
BrazilBOVESPA 54480.00100.002.000.002.00
Poland GPW 111100.00100.002.000.002.00
SwitzerlandSIX 58392267.2456.412.770.791.97
South KoreaKRX 2441306853.2852.313.011.041.97
MalaysiaBURSA 74412255.4153.662.901.001.90
SpainIBEX 36221361.1159.092.320.451.86
PhilippinesPSE 45302066.6766.672.330.601.73
SingaporeSGX 46171136.9664.711.760.651.12
MexicoBMV 331100.0033.331.330.331.00
PakistanKSE 222100.00100.001.000.001.00
Hong KongHKEX 111100.00100.001.000.001.00
GermanyXETRA 1941155159.2844.351.890.910.97
South KoreaKOSDAQ 54380.0075.001.000.250.75
CanadaTSX 74157.1425.001.500.750.75
Austria WIENERBORSE 2110547.6250.000.900.300.60
ChileBCS 105450.0080.000.600.200.40
MexicoBMV 32181156.2561.111.781.560.22
USWARRANTS 1000.000.000.000.000.00
USOTCBB 1000.000.000.000.000.00
PortugalLISBON 221100.0050.000.500.500.00
TaiwanGTSM 1000.000.000.000.000.00
Austria WIENERBORSE 221100.0050.000.500.500.00
FOREXFOREX 21050.000.000.000.000.00
BelgiumBRUSSELS 221100.0050.000.500.500.00
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
ChinaSSE 2000.000.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
ItalyBORSA 221100.0050.000.500.500.00
IsraelTASE 42050.000.000.000.000.00
UAEUAE 3000.000.000.000.000.00
JapanNAGOYA 6000.000.000.000.000.00
JapanTOKYO 2000.000.000.000.000.00
NorwayOSE 2000.000.000.000.000.00
NetherlandsAMSTERDAM 221100.0050.000.500.500.00
PhilippinesPSE 31133.33100.000.000.000.00
Vietnam HNX 185227.7840.002.002.20-0.20
SpainIBEX 43175.0033.330.330.67-0.33
SwedenSTOCKHOLM 220100.000.000.000.50-0.50
USFOREX 62033.330.000.000.50-0.50
UAEUAE 54180.0025.000.751.75-1.00
SwitzerlandSIX 110100.000.000.001.00-1.00
UKLSE 21050.000.000.001.00-1.00
SingaporeSGX 110100.000.000.001.00-1.00
CanadaTSX-V 1511473.3336.361.643.18-1.55
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.

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.