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 1/1/2016
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
Vietnam HNX 21150.00100.0039.000.0039.00
CanadaCSE 221100.0050.0037.502.5035.00
QatarQE 43375.00100.0017.330.0017.33
CanadaTSX-V 31133.33100.0012.000.0012.00
South KoreaKOSDAQ 70453064.2966.6711.310.7810.53
Austria WIENERBORSE 111100.00100.009.000.009.00
ArgentinaBUE 222100.00100.009.000.009.00
USNASDAQ 165985759.3958.167.840.926.92
Saudi ArabiaTADAWUL 125541.67100.006.400.006.40
BrazilBOVESPA 138661.5475.006.500.885.63
NorwayOSE 72228.57100.005.500.005.50
ChinaSZSE 97624063.9264.525.740.844.90
Vietnam HOSE 84350.0075.005.000.254.75
ChinaSSE 63402963.4972.504.930.584.35
EgyptEGX 84250.0050.004.500.254.25
TaiwanGTSM 25161164.0068.754.750.694.06
BrazilBOVESPA 111100.00100.004.000.004.00
TurkeyBIST 222100.00100.004.000.004.00
IndiaBSE 112653458.0452.315.021.283.74
BangladeshDSE 2111452.3836.364.551.003.55
JapanTOKYO 24218011374.3862.784.440.933.52
The World 2093136582565.2260.444.300.983.33
PakistanKSE 104340.0075.003.250.003.25
USNYSE 25918511171.4360.003.950.763.18
SingaporeSGX 31133.33100.003.000.003.00
South KoreaKRX 72372651.3970.273.650.762.89
USOTC PINK 42291669.0555.174.591.762.83
DenmarkCOPENHAGEN 86475.0066.673.500.832.67
NetherlandsAMSTERDAM 22181481.8277.782.890.502.39
IsraelTASE 2816957.1456.253.060.812.25
UKLSE 62402364.5257.503.451.232.23
GermanyXETRA 67553782.0967.273.351.132.22
IndiaNSE 78533067.9556.603.791.602.19
PhilippinesPSE 83237.5066.672.670.672.00
TurkeyBIST 137453.8557.142.430.432.00
BelgiumBRUSSELS 42150.0050.003.001.002.00
FrancePARIS 46332271.7466.672.270.611.67
CanadaTSX 64502678.1352.002.400.761.64
MalaysiaBURSA 198542.1162.502.881.381.50
SwitzerlandSIX 23161169.5768.752.190.691.50
USAMEX 24221391.6759.094.363.001.36
IndonesiaIDX 1610762.5070.002.100.801.30
ItalyBORSA 38271771.0562.962.331.261.07
SwedenSTOCKHOLM 3220962.5045.002.601.650.95
MexicoBMV 149364.2933.332.001.110.89
TaiwanTWSE 4823947.9239.131.610.780.83
Hong KongHKEX 61261142.6242.311.811.310.50
USPREFERRED 64266.6750.000.500.250.25
ArgentinaBUE 110100.000.000.000.000.00
JordanASE 1000.000.000.000.000.00
UAEUAE 1000.000.000.000.000.00
Greece ATHENS 110100.000.000.000.000.00
MalaysiaBURSA 21050.000.000.000.000.00
TaiwanGTSM 1000.000.000.000.000.00
RussiaMICEX 4000.000.000.000.000.00
SingaporeSGX 221100.0050.000.000.50-0.50
AustraliaASX 2513752.0053.850.771.46-0.69
ThailandSET 137453.8557.141.432.14-0.71
Poland GPW 117363.6442.861.292.29-1.00
SpainIBEX 62033.330.000.006.50-6.50
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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