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
OmanMSM 333100.00100.0012.000.0012.00
IndonesiaIDX 141815757.4570.379.440.918.53
ChinaSSE 123664853.6672.739.471.058.42
AustraliaASX 168945755.9560.649.241.128.13
USWARRANTS 41125.00100.008.000.008.00
Hong KongHKEX 32518812358.1565.088.300.757.55
TurkeyBIST 222100.00100.007.500.007.50
Vietnam HOSE 21150.00100.007.000.007.00
RussiaMICEX 1813772.2253.858.231.386.85
Greece ATHENS 94444.44100.006.750.006.75
ThailandSET 21150.00100.006.000.006.00
TaiwanGTSM 21150.00100.006.000.006.00
ChinaSSE 31133.33100.006.000.006.00
SwitzerlandSIX 85583768.2463.796.620.835.79
ChinaSZSE 165926255.7667.396.581.015.57
IndiaBSE 98552627253.4051.717.241.755.49
USNASDAQ 77646527559.9259.146.761.475.29
JordanASE 64466.67100.005.250.005.25
Vietnam HOSE 81442654.3259.096.431.235.20
PakistanKSE 101452144.5546.676.841.695.16
BelgiumBRUSSELS 2714951.8564.295.710.575.14
TurkeyBIST 138765155.0767.115.991.184.80
ArgentinaBUE 2716959.2656.255.941.194.75
BangladeshDSE 70371952.8651.355.571.164.41
ArgentinaBUE 43375.00100.004.330.004.33
ThailandSET 140894763.5752.815.561.354.21
South KoreaKOSDAQ 2781699561.1555.885.191.104.09
DenmarkCOPENHAGEN 28191267.8663.164.790.744.05
IndiaNSE 79039721050.2552.905.891.864.03
TaiwanGTSM 180975353.8954.644.930.914.02
PortugalLISBON 85562.50100.004.000.004.00
The World 114636555384057.2258.555.121.213.91
SwedenSTOCKHOLM 1941216462.3752.895.071.313.75
FrancePARIS 2161197255.0960.504.590.853.74
BrazilBOVESPA 91563161.5455.364.791.053.73
USOTC PINK 3241979661.4248.246.713.043.67
IsraelTASE 176915951.7064.844.621.093.53
JapanTOKYO 99061839662.4264.084.350.823.53
NetherlandsAMSTERDAM 52312059.6264.524.480.973.52
IndiaNSE 221100.0050.003.500.003.50
UKLSE 58032019255.1760.004.681.193.49
CanadaTSX 34919311555.3059.594.300.833.47
QatarQE 86375.0050.004.170.833.33
SpainIBEX 51321962.7559.383.970.693.28
IndonesiaIDX 41125.00100.003.000.003.00
ItalyBORSA 181995454.7054.553.760.872.89
NorwayOSE 43221251.1654.554.451.592.86
USNYSE 98160436561.5760.434.231.402.84
Poland GPW 126794162.7051.903.670.922.75
EgyptEGX 57402070.1850.004.431.702.73
GermanyXETRA 3071527949.5151.973.120.702.41
South KoreaKRX 2791427850.9054.933.370.962.41
ChileBCS 38221257.8954.553.050.772.27
MalaysiaBURSA 96482650.0054.173.251.002.25
TaiwanTWSE 2221165852.2550.003.251.132.12
BrazilBOVESPA 54480.00100.002.000.002.00
USAMEX 103603158.2551.673.701.702.00
Poland GPW 111100.00100.002.000.002.00
PhilippinesPSE 48302162.5070.002.530.571.97
USPREFERRED 93633567.7455.562.710.811.90
MexicoBMV 47241351.0654.172.881.381.50
ChileBCS 127558.3371.431.430.141.29
AustraliaASX 64366.6775.001.500.251.25
Austria WIENERBORSE 3617847.2247.061.880.711.18
Saudi ArabiaTADAWUL 238434.7850.001.750.631.13
CanadaTSX-V 2116876.1950.006.065.001.06
JapanTOKYO 31133.33100.001.000.001.00
PakistanKSE 222100.00100.001.000.001.00
MexicoBMV 43175.0033.331.330.331.00
Hong KongHKEX 111100.00100.001.000.001.00
SingaporeSGX 53191135.8557.891.580.790.79
CanadaTSX 74157.1425.001.500.750.75
South KoreaKOSDAQ 65383.3360.000.800.200.60
PhilippinesPSE 42250.00100.000.500.000.50
SwedenSTOCKHOLM 331100.0033.330.330.330.00
PortugalLISBON 221100.0050.000.500.500.00
USOTCBB 1000.000.000.000.000.00
DenmarkCOPENHAGEN 221100.0050.000.500.500.00
GermanyXETRA 221100.0050.000.500.500.00
Greece ATHENS 221100.0050.000.500.500.00
FrancePARIS 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
IsraelTASE 52040.000.000.000.000.00
ItalyBORSA 221100.0050.000.500.500.00
JapanNAGOYA 7000.000.000.000.000.00
UAEUAE 3000.000.000.000.000.00
NorwayOSE 2000.000.000.000.000.00
NetherlandsAMSTERDAM 221100.0050.000.500.500.00
Vietnam HNX 215223.8140.002.002.20-0.20
SpainIBEX 43175.0033.330.330.67-0.33
USFOREX 72028.570.000.000.50-0.50
UAEUAE 74157.1425.000.751.75-1.00
KuwaitKSE 108280.0025.001.882.88-1.00
SwitzerlandSIX 110100.000.000.001.00-1.00
SingaporeSGX 110100.000.000.001.00-1.00
UKLSE 21050.000.000.001.00-1.00
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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