BULLISH BREAKAWAY
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 BREAKAWAY
Definition
This five candlestick pattern starts with a strong black candlestick. The next three days after the downside gap set consecutively lower prices. However, the last day completely erases the limited losses of down days and closes inside the gap between the first and second days. This suggests a short term reversal.
Recognition Criteria
1. The color of the first strong black day represents the current downtrend.
2. The second day is also black and the body gaps in the direction of the trend.
3. The third and fourth days continue the trend direction. It is better if the third day is white, but it may also be black as the fourth day.
4. The fifth day is a white one that closes inside the gap formed between the first two days.
Pattern Requirements and Flexibility
The first black candlestick of the Bullish Breakaway should not be short. However, the following three black candlesticks after the gap can be short, while the third candlestick in the middle can be white, too. The last white day should close inside the gap but should not close the gap.
Trader’s Behavior
The downtrend has accelerated with a big gap and then starts to fizzle, but still moves in the same direction. The slow deterioration of the downtrend is quite evident. Finally, an upward burst completely reverses the previous three days’ price action. What causes the reversal implication is the fact that the gap has not been filled. A short term reversal has taken place, but still a confirmation may be necessary.
Buy/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross above this level for confirmation.

The stop loss level is defined as the last low. 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 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
ArgentinaBUE 111100.00100.0017.000.0017.00
QatarQE 21150.00100.009.000.009.00
Hong KongHKEX 30151050.0066.678.670.208.47
NorwayOSE 41125.00100.008.000.008.00
CanadaTSX-V 21150.00100.008.000.008.00
TaiwanGTSM 127458.3357.148.430.717.71
South KoreaKOSDAQ 44291965.9165.528.410.797.62
DenmarkCOPENHAGEN 43375.00100.007.330.007.33
ChinaSZSE 38241863.1675.007.670.467.21
ChinaSSE 31221870.9781.826.360.096.27
USAMEX 86375.0050.007.671.506.17
BelgiumBRUSSELS 21150.00100.006.000.006.00
TurkeyBIST 111100.00100.006.000.006.00
Saudi ArabiaTADAWUL 83337.50100.005.000.005.00
JapanTOKYO 1361037675.7473.795.390.604.79
IndiaBSE 51282154.9075.005.360.644.71
BrazilBOVESPA 104340.0075.004.000.004.00
EgyptEGX 42250.00100.004.000.004.00
NetherlandsAMSTERDAM 119981.82100.003.780.003.78
IndiaNSE 35231565.7165.224.350.783.57
The World 113175050266.4066.844.170.743.44
GermanyXETRA 50453290.0071.114.090.843.24
USNASDAQ 93483452.6969.393.820.693.12
USNYSE 1581177574.0564.103.530.612.92
FrancePARIS 23191582.6178.953.160.372.79
ItalyBORSA 25191276.0063.163.581.212.37
SwedenSTOCKHOLM 1512780.0058.333.421.172.25
South KoreaKRX 46251854.3572.002.720.761.96
SwitzerlandSIX 1712970.5975.002.330.501.83
CanadaTSX 2317773.9141.182.120.591.53
TurkeyBIST 84250.0050.002.000.751.25
UKLSE 44281663.6457.142.291.141.14
MalaysiaBURSA 51120.00100.001.000.001.00
USPREFERRED 32166.6750.001.000.001.00
TaiwanTWSE 2813546.4338.461.000.540.46
Greece ATHENS 1000.000.000.000.000.00
RussiaMICEX 1000.000.000.000.000.00
SingaporeSGX 3000.000.000.000.000.00
IsraelTASE 115245.4540.000.400.80-0.40
IndonesiaIDX 139669.2366.672.332.78-0.44
MexicoBMV 64166.6725.000.250.75-0.50
AustraliaASX 168350.0037.500.751.63-0.88
PortugalLISBON 110100.000.000.001.00-1.00
USOTC PINK 2618869.2344.441.393.33-1.94
SpainIBEX 41025.000.000.008.00-8.00
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
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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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