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 1/1/2019
Stock Exchange 
Per Trade 
Total Net% Descending
QatarQE 222100.00100.0022.000.0022.00
EgyptEGX 86575.0083.3313.830.6713.17
USPREFERRED 75471.4380.0011.200.2011.00
NorwayOSE 82225.00100.009.500.009.50
UAEUAE 21150.00100.
CanadaCSE 96266.6733.3315.837.508.33
RussiaMICEX 74257.1450.007.750.507.25
BrazilBOVESPA 25161264.0075.007.310.636.69
IsraelTASE 111100.00100.
AustraliaASX 43241755.8170.836.710.835.88
USOTC PINK 56352062.5057.148.312.545.77
South KoreaKOSDAQ 78492962.8259.186.781.025.76
ThailandSET 1610362.5030.008.002.405.60
South KoreaKRX 61322052.4662.505.750.844.91
BangladeshDSE 157346.6742.866.001.144.86
USNASDAQ 24317110370.3760.236.251.554.70
TurkeyBIST 1910852.6380.005.100.604.50
IndiaNSE 92643869.5759.385.521.364.16
SwedenSTOCKHOLM 47261757.4562.965.521.374.15
Vietnam HOSE 1711764.7163.644.450.364.09
BrazilBOVESPA 111100.00100.
Saudi ArabiaTADAWUL 105350.0060.
Greece ATHENS 52140.0050.
SingaporeSGX 332100.0066.675.001.004.00
TurkeyBIST 222100.00100.
MexicoBMV 158553.3362.504.630.753.88
PakistanKSE 86475.0066.673.830.173.67
Hong KongHKEX 79421553.1635.715.952.383.57
USNYSE 30522315273.4467.864.300.743.57
The World 27791771107963.8460.824.551.153.40
IndonesiaIDX 2013865.0061.545.151.773.38
ChinaSZSE 1691207371.0160.834.360.993.37
CanadaTSX-V 136246.1533.334.671.333.33
RussiaMICEX 111100.00100.
CanadaTSX 83593671.0861.023.830.833.00
IndiaBSE 127703355.1247.144.311.402.91
ChinaSSE 104654063.4660.613.700.802.89
FrancePARIS 61382562.3065.793.160.392.76
IsraelTASE 39301976.9263.333.600.872.73
JapanTOKYO 31219111561.2260.213.901.212.69
NetherlandsAMSTERDAM 1511973.3381.822.550.182.36
UKLSE 74463162.1667.393.170.872.30
GermanyXETRA 99503150.5162.003.461.162.30
TaiwanTWSE 55301654.5553.333.170.872.30
JordanASE 21150.00100.
TaiwanGTSM 34171050.0058.822.651.121.53
PhilippinesPSE 42150.0050.002.501.001.50
MalaysiaBURSA 2410541.6750.002.901.701.20
Poland GPW 1610862.5080.002.301.101.20
SwitzerlandSIX 2110547.6250.
USAMEX 31261783.8765.383.622.621.00
ItalyBORSA 55371767.2745.952.542.030.51
NorwayOSE 110100.
MalaysiaBURSA 21050.
Vietnam HNX 3000.
TaiwanGTSM 1000.
ChileBCS 31033.330.
ArgentinaBUE 110100.
UAEUAE 1000.
BelgiumBRUSSELS 52140.0050.000.501.00-0.50
SingaporeSGX 221100.0050.000.000.50-0.50
Austria WIENERBORSE 53260.0066.670.672.00-1.33
ArgentinaBUE 64266.6750.001.503.50-2.00
SpainIBEX 94244.4450.000.254.25-4.00
DenmarkCOPENHAGEN 73142.8633.330.334.33-4.00
JapanNAGOYA 110100.
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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