Deliberation is a bearish trend reversal candlestick pattern consisting of three candles.

The Deliberation candlestick pattern is recognized if:

  • The first and the second candles are long and bullish;

  • All the three candles have consequently higher Open prices;

  • The Open and Close prices of the second candle are greater than those of the first candle;

  • The third candle is short and either gaps up from the second candle or has about the same Close price.

Input Parameters

Parameter Description
length The number of bars used to calculate the average body height. If the body height of a candle exceeds this average, it is considered long.
trend setup The number of preceding bars to check if the trend exists.
body factor The factor used when checking if a candle is short. A candle is considered short if its body height is lower than the average multiplied by this factor.


Plot Description
Bearish The Deliberation candlestick pattern.

For educational purposes only. Not a recommendation of a specific security or investment strategy.
Technical analysis is not recommended as a sole means of investment research.
Past performance of a security or strategy does not guarantee future results or success.