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Forecast: bearish reversal
Trend prior to the pattern: uptrend
Opposite pattern: none
See also: Advance Block
Construction:
- First candle
- a candle in an uptrend
- white body
- Second candle
- white body
- the opening price is above the previous opening price
- the closing price is above the previous closing price
- Third candle
- white body
- the opening price is slightly lower or higher than the previous closing price
- the closing price is above the previous closing price
The Deliberation is a three-line bearish reversal candlestick pattern. It is formed by three white candlesticks. The first and the second line of the pattern have long bodies. The third candle has shorter body than two previous candles. Every next candle is opening above the prior opening price. The same applies for the closing prices. The third candle appears as a short line and can be one of the following: Short White Candle or White Spinning Top. The opening price of the last candle is slightly lower or higher than the previous closing price.
Shimizu provides somewhat different characteristic of the Deliberation pattern. The first candle is short, the second one is long, indicating a significant upward move (a price gap is visible in the diagram of his book). The third candle is short what indicates that the bulls are exhausted of attempting to push price higher.
Because all pattern's candles have white bodies, the pattern acts as a support zone. The pattern is confirmed if the bears manage to move price down below the first candle opening price.
Deliberation statistics
Below you can find some Deliberation pattern statistics calculated by CandleScanner software. To see more detailed statistics, for other markets and periodicity try our CandleScanner software.
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/1995 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 2,236,421
Number of occurrences (Deliberation): 2,708
Number of occurrences (all candlestick patterns): 638,570
% of occurrences (Deliberation): 0.42 %
Average frequency: 825.9
Efficiency statistics (5 candlesticks testing period)
Efficiency | NO DATA | FALSE | LOW | MEDIUM | HIGH |
---|---|---|---|---|---|
Number of Occurrences |
0 | 333 | 1,196 | 645 | 534 |
% of Occurrences |
0.00 % | 12.30 % | 44.17 % | 23.82 % | 19.71 % |
Efficiency | NO DATA | FALSE | LOW | MEDIUM | HIGH |
---|---|---|---|---|---|
Number of Occurrences |
2 | 298 | 939 | 607 | 862 |
% of Occurrences |
0.07 % | 10.93 % | 34.68 % | 22.42 % | 31.90 % |
Occurrences Statistics | 5 candlesticks testing period (HIGH efficiency) |
10 candlesticks testing period (HIGH efficiency) |
||||
---|---|---|---|---|---|---|
Symbol | Number of Occurrences |
Average Frequency |
Number of Occurrences |
% of Occurrences |
Number of Occurrences |
% of Occurrences |
DLTR | 6 | 839.0 | 4 | 66.66 % | 5 | 83.33 % |
EMC | 6 | 839.0 | 4 | 66.66 % | 5 | 83.33 % |
BEN | 13 | 387.2 | 7 | 53.85 % | 10 | 76.93 % |
EXC | 7 | 719.1 | 2 | 28.57 % | 5 | 71.42 % |
AET | 6 | 839.0 | 2 | 33.34 % | 4 | 66.67 % |
ARG | 6 | 839.0 | 2 | 33.33 % | 3 | 66.66 % |
CNX | 6 | 678.2 | 3 | 50.00 % | 4 | 66.66 % |
MHK | 6 | 839.0 | 3 | 50.00 % | 4 | 66.66 % |
ADI | 7 | 719.1 | 2 | 28.57 % | 4 | 57.14 % |
AGN | 7 | 719.1 | 3 | 42.85 % | 4 | 57.14 % |
Occurrences Statistics | 5 candlesticks testing period (FALSE efficiency) |
10 candlesticks testing period (FALSE efficiency) |
||||
---|---|---|---|---|---|---|
Symbol | Number of Occurrences |
Average Frequency |
Number of Occurrences |
% of Occurrences |
Number of Occurrences |
% of Occurrences |
TSS | 7 | 719.0 | 5 | 71.43 % | 5 | 71.43 % |
PCG | 8 | 629.3 | 5 | 62.50 % | 5 | 62.50 % |
LM | 8 | 629.3 | 4 | 50.00 % | 4 | 50.00 % |
MTB | 8 | 627.4 | 4 | 50.00 % | 4 | 50.00 % |
TAP | 8 | 629.3 | 4 | 50.00 % | 4 | 50.00 % |
WFM | 7 | 719.1 | 3 | 42.86 % | 3 | 42.86 % |
BBT | 11 | 457.6 | 5 | 45.45 % | 4 | 36.36 % |
AET | 6 | 839.0 | 2 | 33.33 % | 2 | 33.33 % |
AMP | 6 | 408.7 | 3 | 50.00 % | 2 | 33.33 % |
LEG | 6 | 839.0 | 2 | 33.33 % | 2 | 33.33 % |
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/2010 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 614,034
Number of occurrences (Deliberation): 1,073
Number of occurrences (all candlestick patterns): 166,328
% of occurrences (Deliberation): 0.65 %
Average frequency: 572.3
Efficiency statistics (5 candlesticks testing period)
Efficiency | NO DATA | FALSE | LOW | MEDIUM | HIGH |
---|---|---|---|---|---|
Number of Occurrences |
0 | 122 | 541 | 240 | 170 |
% of Occurrences |
0.00 % | 11.37 % | 50.42 % | 22.37 % | 15.84 % |
Efficiency | NO DATA | FALSE | LOW | MEDIUM | HIGH |
---|---|---|---|---|---|
Number of Occurrences |
2 | 105 | 411 | 255 | 300 |
% of Occurrences |
0.19 % | 9.60 % | 38.30 % | 23.77 % | 28.14 % |
Occurrences Statistics | 5 candlesticks testing period (HIGH efficiency) |
10 candlesticks testing period (HIGH efficiency) |
||||
---|---|---|---|---|---|---|
Symbol | Number of Occurrences |
Average Frequency |
Number of Occurrences |
% of Occurrences |
Number of Occurrences |
% of Occurrences |
CF | 4 | 314.5 | 3 | 75.00 % | 4 | 100.00 % |
PPG | 3 | 419.3 | 0 | 0.00 % | 3 | 100.00 % |
SWN | 3 | 419.3 | 3 | 100.00 % | 3 | 100.00 % |
ARG | 3 | 419.3 | 1 | 33.33 % | 2 | 66.67 % |
PKI | 3 | 419.3 | 1 | 33.34 % | 2 | 66.67 % |
AEE | 3 | 419.3 | 2 | 66.67 % | 2 | 66.67 % |
AIZ | 3 | 419.3 | 1 | 33.33 % | 2 | 66.67 % |
BIIB | 3 | 419.3 | 2 | 66.67 % | 2 | 66.67 % |
CNX | 3 | 419.3 | 1 | 33.33 % | 2 | 66.67 % |
CRM | 3 | 419.3 | 2 | 66.67 % | 2 | 66.67 % |
Occurrences Statistics | 5 candlesticks testing period (FALSE efficiency) |
10 candlesticks testing period (FALSE efficiency) |
||||
---|---|---|---|---|---|---|
Symbol | Number of Occurrences |
Average Frequency |
Number of Occurrences |
% of Occurrences |
Number of Occurrences |
% of Occurrences |
TSS | 5 | 251.6 | 3 | 60.00 % | 3 | 60.00 % |
DISCA | 4 | 314.5 | 2 | 50.00 % | 2 | 50.00 % |
OMC | 4 | 314.5 | 2 | 50.00 % | 2 | 50.00 % |
USB | 4 | 314.5 | 2 | 50.00 % | 2 | 50.00 % |
ADP | 5 | 251.6 | 2 | 40.00 % | 2 | 40.00 % |
AME | 5 | 251.6 | 2 | 40.00 % | 2 | 40.00 % |
AMP | 5 | 251.6 | 3 | 60.00 % | 2 | 40.00 % |
GD | 5 | 251.6 | 2 | 40.00 % | 2 | 40.00 % |
MKC | 5 | 251.6 | 2 | 40.00 % | 2 | 40.00 % |
ANTM | 6 | 209.7 | 2 | 33.33 % | 2 | 33.33 % |