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 1/1/2021
Stock Exchange 
Per Trade 
Total Net% Descending
QatarQE 222100.00100.0021.550.0021.55
CanadaCSE 53160.0033.3323.268.1215.14
BangladeshDSE 115445.4580.0014.920.3914.53
EgyptEGX 106460.0066.6713.500.8612.64
TurkeyBIST 27161359.2681.2510.461.029.44
USAMEX 32191459.3873.6810.141.368.78
UAEUAE 21150.00100.008.720.008.72
MexicoBMV 167443.7557.147.720.577.16
SwedenSTOCKHOLM 42251559.5260.008.291.466.83
ArgentinaBUE 119681.8266.678.531.886.66
Greece ATHENS 72228.57100.
IsraelTASE 21150.00100.
SingaporeSGX 333100.00100.005.700.005.70
IndonesiaIDX 24161266.6775.006.551.195.36
South KoreaKOSDAQ 106683964.1557.356.101.464.64
ThailandSET 1713376.4723.086.952.334.63
BrazilBOVESPA 36211458.3366.675.991.424.57
USNASDAQ 27119711272.6956.856.011.544.47
CanadaTSX-V 147350.0042.865.441.124.33
South KoreaKRX 84502659.5252.
TurkeyBIST 222100.00100.
Hong KongHKEX 89492055.0640.825.932.063.87
ChinaSZSE 2251569569.3360.904.681.013.67
IndiaNSE 98633764.2958.735.031.383.65
AustraliaASX 54311757.4154.844.691.163.53
NorwayOSE 83237.5066.676.282.893.39
ChinaSSE 1711157167.2561.744.080.763.31
USNYSE 35624416368.5466.804.080.813.27
MalaysiaBURSA 199647.3766.674.110.933.18
The World 32742075120163.7457.554.261.203.06
USOTC PINK 66452768.1860.005.622.583.04
BrazilBOVESPA 222100.00100.
RussiaMICEX 111100.00100.
Vietnam HOSE 86475.0066.673.440.492.95
PakistanKSE 87387.5042.863.290.492.80
FrancePARIS 66392759.0969.233.240.482.75
NetherlandsAMSTERDAM 1410871.4380.003.220.692.53
CanadaTSX 93673772.0455.223.701.172.53
TaiwanGTSM 40211252.5057.
IndiaBSE 122733559.8447.953.021.251.77
JordanASE 21150.00100.001.760.001.76
TaiwanTWSE 70412058.5748.782.811.051.76
JapanTOKYO 34421611362.7952.312.721.231.49
IsraelTASE 45341975.5655.882.701.221.48
Saudi ArabiaTADAWUL 146442.8666.671.390.221.17
GermanyXETRA 117663656.4154.552.151.071.07
Poland GPW 23171173.9164.711.880.851.03
GermanyXETRA 111100.00100.
BelgiumBRUSSELS 111100.00100.
ItalyBORSA 111100.00100.
FrancePARIS 111100.00100.
NetherlandsAMSTERDAM 111100.00100.
ItalyBORSA 77462359.7450.002.571.670.90
UKLSE 104603457.6956.672.451.950.51
Austria WIENERBORSE 129675.0066.672.211.790.42
SwitzerlandSIX 2914748.2850.001.721.350.36
Vietnam HNX 1000.
TaiwanGTSM 1000.
RussiaMICEX 90066.670.
UAEUAE 1000.
MalaysiaBURSA 21050.
NorwayOSE 21050.
ArgentinaBUE 110100.
PhilippinesPSE 32166.6750.000.781.04-0.26
SingaporeSGX 221100.0050.000.000.50-0.50
ChileBCS 31033.330.000.000.63-0.63
BelgiumBRUSSELS 72028.570.000.001.44-1.44
SpainIBEX 105250.0040.000.173.58-3.41
DenmarkCOPENHAGEN 105050.
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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