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 1/1/2014
Stock Exchange 
Per Trade 
Total Net% Descending
Vietnam HNX 31133.33100.0040.000.0040.00
ArgentinaBUE 111100.00100.0017.000.0017.00
South KoreaKOSDAQ 30201466.6770.0011.001.0010.00
DenmarkCOPENHAGEN 32266.67100.0010.000.0010.00
BrazilBOVESPA 52240.00100.
CanadaTSX-V 21150.00100.
TaiwanGTSM 148557.1462.508.250.887.38
ChinaSZSE 32221768.7577.277.450.417.05
TurkeyBIST 111100.00100.
BelgiumBRUSSELS 21150.00100.
JapanTOKYO 118916877.1274.736.350.665.69
South KoreaKRX 41211551.2271.435.950.675.29
USAMEX 87587.5071.435.710.715.00
MalaysiaBURSA 71114.29100.
SwitzerlandSIX 95455.5680.004.600.204.40
GermanyXETRA 33292287.8875.865.000.664.34
BrazilBOVESPA 111100.00100.
IndiaBSE 42241557.1462.504.670.833.83
IsraelTASE 96466.6766.674.500.673.83
The World 95262541365.6566.084.240.753.49
ChinaSSE 2112957.1475.003.750.503.25
ItalyBORSA 1813872.2261.544.851.623.23
SwedenSTOCKHOLM 149664.2966.674.561.333.22
AustraliaASX 115345.4560.003.400.203.20
IndiaNSE 2210745.4570.003.800.703.10
PhilippinesPSE 41125.00100.
NetherlandsAMSTERDAM 98888.89100.
CanadaTSX 18161088.8962.503.130.442.69
MexicoBMV 43175.0033.333.000.332.67
FrancePARIS 18161188.8968.752.440.312.13
TurkeyBIST 63250.0066.672.670.672.00
USNYSE 111854976.5857.652.610.671.94
USNASDAQ 102683966.6757.352.810.961.85
BangladeshDSE 137353.8542.862.570.861.71
TaiwanTWSE 206330.0050.002.170.671.50
Hong KongHKEX 2211650.0054.552.361.181.18
USPREFERRED 32166.6750.
Saudi ArabiaTADAWUL 61116.67100.
IndiaNSE 111100.00100.
UKLSE 34211061.7647.622.191.380.81
ArgentinaBUE 110100.
UAEUAE 1000.
MalaysiaBURSA 21050.
Vietnam HOSE 53160.0033.330.330.330.00
SingaporeSGX 2000.
SingaporeSGX 111100.00100.
NorwayOSE 2000.
PakistanKSE 4000.
TaiwanGTSM 1000.
RussiaMICEX 2000.
USOTC PINK 115345.4560.000.801.20-0.40
IndonesiaIDX 87587.5071.432.713.29-0.57
ThailandSET 83237.5066.671.672.33-0.67
EgyptEGX 31033.330.000.002.00-2.00
Poland GPW 52140.0050.001.003.00-2.00
SpainIBEX 21050.
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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