Deliberation is unusual because it consists of three candlesticks indicating opposite movement (three white in the bear or three black in the bull). However, deliberation is more often going to work as a continuation indicator than the reversal it is supposed to provide.
In order for the bull deliberation to work as a reversal, four elements have to be present:
• First, it has to show up at the bottom
of a downtrend.
• Second, the fi rst session has to be a
long black candlestick.
• Third, there must be a downside gap
between sessions two and three.
• Fourth, the second and third sessions
should have long lower shadows.
In order for the bull deliberation to work as a reversal, four elements have to be present:
• First, it has to show up at the bottom
of a downtrend.
• Second, the fi rst session has to be a
long black candlestick.
• Third, there must be a downside gap
between sessions two and three.
• Fourth, the second and third sessions
should have long lower shadows.
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