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.
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.
Pattern Performance in Stock Exchanges since 1/1/2017
Stock Exchange 
Per Trade 
Total Net% Descending
Vietnam HNX 21150.00100.0039.000.0039.00
CanadaCSE 221100.0050.0037.502.5035.00
QatarQE 222100.00100.0022.000.0022.00
RussiaMICEX 72228.57100.0011.000.0011.00
South KoreaKOSDAQ 57352361.4065.7111.771.1110.66
Austria WIENERBORSE 111100.00100.
ArgentinaBUE 222100.00100.
USPREFERRED 97577.7871.438.290.148.14
SingaporeSGX 32266.67100.007.500.007.50
MexicoBMV 127358.3342.867.570.577.00
USNASDAQ 1821297770.8859.697.731.216.52
CanadaTSX-V 42150.0050.
South KoreaKRX 66342351.5267.655.740.884.85
TaiwanGTSM 25151060.0066.675.400.674.73
USOTC PINK 38241363.1654.176.922.254.67
BrazilBOVESPA 118472.7350.005.881.384.50
BangladeshDSE 1910452.6340.005.400.904.50
TurkeyBIST 222100.00100.
DenmarkCOPENHAGEN 64366.6775.004.750.754.00
BrazilBOVESPA 111100.00100.
USNYSE 29422715077.2166.084.490.663.83
ChinaSZSE 94674371.2864.184.751.033.72
SwedenSTOCKHOLM 32191159.3857.894.791.113.68
The World 2090140285767.0861.134.681.073.60
JapanTOKYO 25118511673.7162.704.411.173.24
IndiaBSE 106593155.6652.544.641.413.24
NorwayOSE 61116.67100.
RussiaMICEX 111100.00100.
TurkeyBIST 105450.0080.003.400.403.00
IndonesiaIDX 1612875.0066.674.581.583.00
IndiaNSE 73472664.3855.324.531.552.98
CanadaTSX 60482880.0058.333.810.922.90
IsraelTASE 31231474.1960.873.430.702.74
TaiwanTWSE 4319844.1942.113.951.212.74
Vietnam HOSE 117463.6457.143.140.432.71
PakistanKSE 105350.0060.002.600.002.60
SwitzerlandSIX 1811761.1163.643.180.732.45
MalaysiaBURSA 229540.9155.563.671.222.44
FrancePARIS 52392675.0066.672.850.442.41
GermanyXETRA 65543683.0866.673.371.132.24
NetherlandsAMSTERDAM 19151078.9566.672.730.602.13
BelgiumBRUSSELS 52140.0050.
PhilippinesPSE 73242.8666.672.670.672.00
ChinaSSE 57352361.4065.712.630.741.89
UKLSE 64402462.5060.
USAMEX 22211495.4566.673.812.431.38
EgyptEGX 106360.0050.002.331.171.17
ItalyBORSA 42301771.4356.673.672.671.00
TaiwanGTSM 1000.
MalaysiaBURSA 21050.
ArgentinaBUE 110100.
JordanASE 1000.
UAEUAE 1000.
Greece ATHENS 1000.
AustraliaASX 2510740.0070.000.700.80-0.10
Poland GPW 115345.4560.001.601.80-0.20
Saudi ArabiaTADAWUL 103230.0066.670.000.33-0.33
ThailandSET 138461.5450.001.251.75-0.50
SingaporeSGX 221100.0050.000.000.50-0.50
Hong KongHKEX 5525845.4532.001.442.00-0.56
SpainIBEX 73042.860.000.004.33-4.33
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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