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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
QatarQE 222100.00100.0021.610.0021.61
CanadaCSE 64266.6750.0022.436.0916.34
EgyptEGX 106460.0066.6713.520.8912.63
UAEUAE 21150.00100.009.280.009.28
TurkeyBIST 28171460.7182.3510.010.969.05
USAMEX 34221664.7172.739.201.257.95
SwedenSTOCKHOLM 42241557.1462.508.381.347.04
ThailandSET 1812466.6733.338.391.996.40
Greece ATHENS 72228.57100.006.160.006.16
MexicoBMV 167543.7571.436.520.376.15
BrazilBOVESPA 33181354.5572.226.720.586.14
IsraelTASE 21150.00100.006.000.006.00
SingaporeSGX 43375.00100.005.700.005.70
ArgentinaBUE 129575.0055.568.042.395.65
IndonesiaIDX 25181372.0072.226.251.235.03
USNASDAQ 26718910670.7956.086.041.624.42
CanadaTSX-V 137353.8542.865.441.124.33
PakistanKSE 76485.7166.674.470.154.32
TurkeyBIST 222100.00100.004.000.004.00
South KoreaKRX 89512757.3052.944.991.173.82
AustraliaASX 53301656.6053.334.781.203.58
IndiaNSE 99664066.6760.614.911.373.53
NorwayOSE 103230.0066.676.322.903.42
USNYSE 36926317671.2766.924.210.813.40
ChinaSSE 1771197567.2363.034.090.693.39
MalaysiaBURSA 189650.0066.674.130.983.15
ChinaSZSE 2371659869.6259.394.161.013.15
South KoreaKOSDAQ 104663863.4657.584.581.483.10
NetherlandsAMSTERDAM 1410871.4380.003.260.203.06
BrazilBOVESPA 222100.00100.003.000.003.00
RussiaMICEX 111100.00100.003.000.003.00
The World 33102104122164.0557.594.051.192.86
Vietnam HOSE 107570.0071.433.230.412.83
USOTC PINK 73482869.8654.904.952.312.64
FrancePARIS 64382559.3865.793.180.612.57
CanadaTSX 93673672.0453.733.531.222.32
JordanASE 111100.00100.001.760.001.76
TaiwanTWSE 70402057.1450.002.771.071.70
Saudi ArabiaTADAWUL 136446.1566.671.820.241.58
TaiwanGTSM 37191151.3557.892.851.331.51
JapanTOKYO 34721511461.9653.022.641.221.42
IsraelTASE 46362078.2655.562.681.281.39
IndiaBSE 116723062.9341.102.701.391.31
Poland GPW 23171173.9164.712.120.861.27
GermanyXETRA 112633756.2558.732.211.001.21
Hong KongHKEX 93522355.9144.233.032.021.01
NetherlandsAMSTERDAM 111100.00100.001.000.001.00
BelgiumBRUSSELS 111100.00100.001.000.001.00
GermanyXETRA 111100.00100.001.000.001.00
ItalyBORSA 111100.00100.001.000.001.00
FrancePARIS 111100.00100.001.000.001.00
ItalyBORSA 74442259.4650.002.611.670.94
SwitzerlandSIX 2815853.5753.331.881.240.64
UKLSE 106623458.4954.842.511.900.61
Austria WIENERBORSE 129675.0066.672.321.800.52
BangladeshDSE 82125.0050.001.140.980.17
MexicoBMV 1000.000.000.000.000.00
MalaysiaBURSA 21050.000.000.000.000.00
UAEUAE 1000.000.000.000.000.00
RussiaMICEX 90066.670.000.000.000.00
NorwayOSE 21050.000.000.000.000.00
TaiwanGTSM 1000.000.000.000.000.00
Vietnam HNX 1000.000.000.000.000.00
USPREFERRED 80075.000.000.000.000.00
ArgentinaBUE 110100.000.000.000.000.00
PhilippinesPSE 32166.6750.000.781.08-0.30
SingaporeSGX 221100.0050.000.000.50-0.50
ChileBCS 42050.000.000.001.39-1.39
BelgiumBRUSSELS 72028.570.000.001.46-1.46
JapanNAGOYA 221100.0050.000.182.40-2.22
SpainIBEX 116254.5533.330.144.07-3.93
DenmarkCOPENHAGEN 94044.440.000.005.45-5.45
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

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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