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)
Vietnam HNX 31133.33100.0040.000.0040.00
PakistanKSE 61116.67100.0039.000.0039.00
ArgentinaBUE 111100.00100.0017.000.0017.00
Hong KongHKEX 2613950.0069.2311.150.2310.92
DenmarkCOPENHAGEN 32266.67100.0010.000.0010.00
South KoreaKOSDAQ 32221568.7568.189.680.738.95
ChinaSZSE 38231960.5382.618.480.268.22
NorwayOSE 31133.33100.008.000.008.00
CanadaTSX-V 31133.33100.008.000.008.00
Saudi ArabiaTADAWUL 72228.57100.007.000.007.00
TaiwanGTSM 159560.0055.567.330.896.44
JapanTOKYO 124976878.2370.106.680.626.06
TurkeyBIST 111100.00100.006.000.006.00
BelgiumBRUSSELS 21150.00100.006.000.006.00
MalaysiaBURSA 92222.22100.006.000.006.00
IndiaBSE 48262054.1776.926.270.545.73
BrazilBOVESPA 95455.5680.004.800.004.80
IsraelTASE 116454.5566.675.000.674.33
GermanyXETRA 40342485.0070.594.940.854.09
IndiaNSE 32171253.1370.594.470.474.00
BrazilBOVESPA 111100.00100.004.000.004.00
ChinaSSE 32221668.7572.734.230.234.00
The World 108570146764.6166.624.580.703.88
USAMEX 86375.0050.005.001.503.50
FrancePARIS 19151378.9586.673.270.073.20
NetherlandsAMSTERDAM 98888.89100.003.130.003.13
USNYSE 1361026475.0062.753.730.663.07
ItalyBORSA 2215968.1860.004.331.333.00
PhilippinesPSE 41125.00100.003.000.003.00
USNASDAQ 88493555.6871.433.650.653.00
SwitzerlandSIX 17131076.4776.923.150.462.69
TaiwanTWSE 2612746.1558.332.580.332.25
TurkeyBIST 73242.8666.672.670.672.00
BangladeshDSE 157346.6742.862.570.861.71
South KoreaKRX 46251554.3560.002.400.921.48
SwedenSTOCKHOLM 1712670.5950.003.422.001.42
CanadaTSX 2217777.2741.182.351.061.29
UKLSE 38241263.1650.002.381.331.04
IndiaNSE 111100.00100.001.000.001.00
USPREFERRED 43175.0033.330.670.330.33
AustraliaASX 124233.3350.000.500.250.25
RussiaMICEX 1000.000.000.000.000.00
SingaporeSGX 3000.000.000.000.000.00
SingaporeSGX 111100.00100.000.000.000.00
TaiwanGTSM 1000.000.000.000.000.00
Vietnam HOSE 32166.6750.000.500.500.00
QatarQE 1000.000.000.000.000.00
UAEUAE 1000.000.000.000.000.00
EgyptEGX 3000.000.000.000.000.00
MalaysiaBURSA 21050.000.000.000.000.00
ArgentinaBUE 110100.000.000.000.000.00
USOTC PINK 2212554.5541.671.171.25-0.08
IndonesiaIDX 139669.2366.672.332.78-0.44
MexicoBMV 74157.1425.000.250.75-0.50
ThailandSET 63250.0066.671.672.33-0.67
Poland GPW 64166.6725.000.502.50-2.00
SpainIBEX 31033.330.000.008.00-8.00
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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