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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 221100.0050.0037.502.0035.50
QatarQE 222100.00100.0021.500.0021.50
USPREFERRED 65483.3380.0011.600.2011.40
South KoreaKOSDAQ 63432568.2558.1410.581.149.44
ArgentinaBUE 222100.00100.009.000.009.00
SingaporeSGX 222100.00100.007.500.007.50
AustraliaASX 30171256.6770.597.760.886.88
IsraelTASE 111100.00100.006.000.006.00
MexicoBMV 159660.0066.676.220.335.89
USNASDAQ 1951489575.9064.196.881.505.38
USAMEX 25241896.0075.007.041.925.13
USOTC PINK 53332062.2660.617.302.764.55
Hong KongHKEX 5528950.9132.146.962.464.50
SwedenSTOCKHOLM 37211259.4654.555.551.234.32
BangladeshDSE 158353.3337.505.130.884.25
Vietnam HOSE 85362.5060.004.200.204.00
TurkeyBIST 222100.00100.004.000.004.00
CanadaTSX-V 64266.6750.005.251.254.00
BrazilBOVESPA 111100.00100.004.000.004.00
ChinaSSE 72483266.6766.674.520.713.81
South KoreaKRX 51241749.0268.004.440.763.68
USNYSE 28622315277.9768.164.330.653.67
ChinaSZSE 116845372.4163.104.570.933.64
The World 2242154695969.0561.954.701.093.61
BrazilBOVESPA 1711664.7154.554.551.093.45
RussiaMICEX 117363.6442.864.000.573.43
TurkeyBIST 135438.4680.004.000.603.40
CanadaTSX 69543278.2659.263.830.693.15
FrancePARIS 51342566.6773.533.410.293.12
NorwayOSE 51120.00100.003.000.003.00
RussiaMICEX 111100.00100.003.000.003.00
JapanTOKYO 24718311474.0962.304.241.243.00
SwitzerlandSIX 1612975.0075.003.500.582.92
IsraelTASE 31241777.4270.833.630.752.88
IndiaBSE 115673358.2649.254.191.392.81
EgyptEGX 63250.0066.674.001.332.67
TaiwanTWSE 4020850.0040.003.751.302.45
MalaysiaBURSA 199547.3755.563.671.222.44
IndonesiaIDX 1511673.3354.554.452.092.36
IndiaNSE 74532871.6252.833.791.432.36
Poland GPW 137653.8585.712.710.432.29
NetherlandsAMSTERDAM 21171380.9576.472.760.532.24
PakistanKSE 127458.3357.142.290.142.14
UKLSE 67422762.6964.293.431.312.12
Austria WIENERBORSE 21150.00100.002.000.002.00
TaiwanGTSM 2314960.8764.292.640.642.00
GermanyXETRA 68503173.5362.002.761.001.76
PhilippinesPSE 62133.3350.002.501.001.50
ItalyBORSA 42311573.8148.393.522.580.94
Vietnam HNX 1000.000.000.000.000.00
ThailandSET 105250.0040.001.201.200.00
TaiwanGTSM 1000.000.000.000.000.00
MalaysiaBURSA 21050.000.000.000.000.00
ArgentinaBUE 110100.000.000.000.000.00
Saudi ArabiaTADAWUL 63250.0066.670.330.330.00
UAEUAE 1000.000.000.000.000.00
JordanASE 1000.000.000.000.000.00
Greece ATHENS 31033.330.000.000.000.00
SingaporeSGX 221100.0050.000.000.50-0.50
ChileBCS 110100.000.000.001.00-1.00
BelgiumBRUSSELS 31033.330.000.002.00-2.00
DenmarkCOPENHAGEN 64166.6725.000.252.50-2.25
SpainIBEX 94144.4425.000.253.25-3.00
JapanNAGOYA 110100.000.000.005.00-5.00
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

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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