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 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 221100.0050.0037.502.5035.00
QatarQE 222100.00100.0021.500.0021.50
South KoreaKOSDAQ 39261766.6765.3814.420.9213.50
CanadaTSX-V 42250.00100.009.500.009.50
Austria WIENERBORSE 111100.00100.
ArgentinaBUE 222100.00100.
USNASDAQ 91623568.1356.458.611.397.23
Vietnam HOSE 53260.0066.676.670.006.67
USOTC PINK 2212854.5566.677.921.756.17
USAMEX 18171194.4464.718.592.825.76
BrazilBOVESPA 53160.0033.337.332.005.33
BangladeshDSE 117363.6442.865.860.715.14
South KoreaKRX 33151145.4573.335.670.605.07
EgyptEGX 43375.00100.004.330.004.33
TurkeyBIST 73342.86100.
TurkeyBIST 222100.00100.
BrazilBOVESPA 111100.00100.
JapanTOKYO 1581197875.3265.554.910.943.97
IndiaBSE 82472657.3255.325.041.233.81
ChinaSSE 44261959.0973.084.380.733.65
The World 129485351665.9260.494.661.033.63
USNYSE 1541106571.4359.094.060.803.26
IndiaNSE 47321868.0956.254.411.163.25
SwitzerlandSIX 119781.8277.783.780.563.22
IsraelTASE 1611768.7563.644.090.913.18
NorwayOSE 61116.67100.
SingaporeSGX 111100.00100.
GermanyXETRA 44352279.5562.863.800.832.97
PakistanKSE 84350.0075.002.750.002.75
MexicoBMV 96366.6750.003.170.502.67
ChinaSZSE 56372066.0754.053.431.002.43
NetherlandsAMSTERDAM 19171389.4776.472.760.532.24
FrancePARIS 36251769.4468.002.560.402.16
TaiwanTWSE 2110547.6250.002.900.902.00
ItalyBORSA 2515960.0060.003.601.602.00
MalaysiaBURSA 156340.0050.003.501.831.67
USPREFERRED 54380.0075.001.750.251.50
PhilippinesPSE 52140.0050.002.501.001.50
TaiwanGTSM 148557.1462.502.130.631.50
SwedenSTOCKHOLM 2817960.7152.943.001.711.29
CanadaTSX 44371984.0951.352.110.891.22
IndonesiaIDX 32166.6750.
UKLSE 47321668.0950.002.191.940.25
ArgentinaBUE 110100.
JordanASE 1000.
UAEUAE 1000.
Saudi ArabiaTADAWUL 31133.33100.
MalaysiaBURSA 21050.
Greece ATHENS 110100.
Vietnam HNX 1000.
ThailandSET 72128.5750.
TaiwanGTSM 1000.
AustraliaASX 126350.0050.000.670.83-0.17
SingaporeSGX 221100.0050.000.000.50-0.50
DenmarkCOPENHAGEN 32166.6750.000.501.50-1.00
Hong KongHKEX 3211434.3836.360.912.00-1.09
RussiaMICEX 72028.570.000.002.00-2.00
BelgiumBRUSSELS 21050.
Poland GPW 61016.670.000.003.00-3.00
SpainIBEX 43075.
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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