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Deliberation |
How to Identify:
The 1st and the 2nd bars are long and bullish;
All the 3 bars have consequently higher Open prices;
The Open and Close prices of the 2nd bar are greater than those of the 1st bar;
The 3rd bar is short and either gaps up from the 2nd bar or has about the same Close price.
We use our proprietary data-mining algorithm to capture specific price movement and pattern performance.
As you know, under certain circumstances, a Bearish pattern can also perform as a Bullish pattern, and a reversal pattern can be changed into a continuation pattern.
If you want to find out the performance of this pattern in real market, not in theory, our data mining results are your must have reference.
The following pictures are taken from our Candlestick Pattern Indicator (Thinkorswim version).
