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
QatarQE 222100.00100.0021.500.0021.50
South KoreaKOSDAQ 39261766.6765.3814.420.9213.50
CanadaTSX-V 31133.33100.0012.000.0012.00
Austria WIENERBORSE 111100.00100.009.000.009.00
ArgentinaBUE 222100.00100.009.000.009.00
USNASDAQ 96653767.7156.928.351.347.02
Vietnam HOSE 53260.0066.676.670.006.67
BrazilBOVESPA 64266.6750.008.001.506.50
USAMEX 181812100.0066.678.392.675.72
BangladeshDSE 117363.6442.865.860.715.14
USOTC PINK 2515960.0060.007.072.075.00
South KoreaKRX 35161245.7175.005.310.564.75
EgyptEGX 53360.00100.004.330.004.33
JapanTOKYO 1581197875.3265.555.010.944.07
IndiaBSE 86492856.9857.145.201.184.02
TurkeyBIST 83337.50100.004.000.004.00
TurkeyBIST 222100.00100.004.000.004.00
BrazilBOVESPA 111100.00100.004.000.004.00
ChinaSSE 44261959.0973.084.380.733.65
The World 133387753265.7960.664.491.043.45
PakistanKSE 84350.0075.003.250.003.25
SwitzerlandSIX 1210883.3380.003.700.503.20
USNYSE 1541086570.1360.193.770.723.05
SingaporeSGX 111100.00100.003.000.003.00
NorwayOSE 51120.00100.003.000.003.00
IsraelTASE 1812766.6758.333.750.832.92
GermanyXETRA 44352179.5560.003.570.892.69
MexicoBMV 96366.6750.003.170.502.67
IndiaNSE 51351968.6354.294.061.432.63
ChinaSZSE 56372066.0754.053.431.002.43
NetherlandsAMSTERDAM 19171389.4776.472.760.532.24
FrancePARIS 37251767.5768.002.560.402.16
TaiwanGTSM 159660.0066.672.670.562.11
TaiwanTWSE 2310543.4850.002.900.902.00
CanadaTSX 47402285.1155.002.450.831.63
MalaysiaBURSA 167443.7557.143.141.571.57
PhilippinesPSE 52140.0050.002.501.001.50
ThailandSET 83237.5066.672.000.671.33
SwedenSTOCKHOLM 2817960.7152.943.001.711.29
IndonesiaIDX 43275.0066.671.670.671.00
ItalyBORSA 2516964.0056.252.561.630.94
Poland GPW 72128.5750.002.001.500.50
USPREFERRED 43275.0066.670.670.330.33
UKLSE 48321666.6750.002.191.970.22
ArgentinaBUE 110100.000.000.000.000.00
JordanASE 1000.000.000.000.000.00
UAEUAE 1000.000.000.000.000.00
Saudi ArabiaTADAWUL 41125.00100.000.000.000.00
MalaysiaBURSA 21050.000.000.000.000.00
Greece ATHENS 110100.000.000.000.000.00
Vietnam HNX 1000.000.000.000.000.00
TaiwanGTSM 1000.000.000.000.000.00
SingaporeSGX 221100.0050.000.000.50-0.50
DenmarkCOPENHAGEN 32166.6750.000.501.50-1.00
AustraliaASX 158453.3350.000.501.50-1.00
Hong KongHKEX 3513437.1430.770.772.08-1.31
RussiaMICEX 72028.570.000.002.00-2.00
BelgiumBRUSSELS 21050.000.000.002.00-2.00
SpainIBEX 43075.000.000.004.33-4.33
CanadaCSE 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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