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 1/1/2018
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
CanadaCSE 43175.0033.3325.006.3318.67
EgyptEGX 85462.5080.0016.000.8015.20
USPREFERRED 65483.3380.0011.600.2011.40
UAEUAE 111100.00100.009.000.009.00
South KoreaKOSDAQ 75492765.3355.108.981.087.90
SingaporeSGX 222100.00100.007.500.007.50
AustraliaASX 34191355.8868.427.741.056.68
IsraelTASE 111100.00100.006.000.006.00
BrazilBOVESPA 2012765.0053.856.920.926.00
MexicoBMV 169656.2566.676.220.335.89
South KoreaKRX 58291850.0062.076.451.245.21
USOTC PINK 53321960.3859.388.092.915.19
USAMEX 28251889.2972.006.922.124.80
USNASDAQ 23316910372.5360.956.311.634.67
BangladeshDSE 178347.0637.505.130.884.25
Hong KongHKEX 66341251.5235.296.502.354.15
Vietnam HOSE 139669.2366.674.440.334.11
BrazilBOVESPA 111100.00100.004.000.004.00
TurkeyBIST 154433.3380.004.000.004.00
TurkeyBIST 222100.00100.004.000.004.00
IndiaNSE 87633672.4157.145.081.373.71
CanadaTSX 74573577.0361.404.280.673.61
The World 25411708104467.3061.054.691.133.56
USNYSE 31124316378.1467.084.160.633.54
ChinaSSE 88543461.3662.964.240.743.50
Greece ATHENS 42150.0050.003.500.003.50
ChinaSZSE 134935869.4062.374.481.013.47
RussiaMICEX 117363.6442.864.000.573.43
PakistanKSE 138561.5462.503.500.133.38
SwedenSTOCKHOLM 44271561.3655.564.961.703.26
FrancePARIS 56362764.2975.003.360.283.08
NorwayOSE 51120.00100.003.000.003.00
RussiaMICEX 111100.00100.003.000.003.00
JapanTOKYO 27619612071.0161.224.181.212.97
SwitzerlandSIX 1912963.1675.003.500.582.92
UKLSE 73482965.7560.423.921.192.73
IndiaBSE 125703556.0050.004.111.412.70
IsraelTASE 32251778.1368.003.480.842.64
TaiwanTWSE 51241047.0641.673.831.332.50
NetherlandsAMSTERDAM 20161280.0075.002.940.562.38
IndonesiaIDX 1911657.8954.554.452.092.36
Poland GPW 137653.8585.712.710.432.29
JordanASE 21150.00100.002.000.002.00
GermanyXETRA 79563570.8962.502.880.951.93
ArgentinaBUE 65383.3360.004.402.801.60
MalaysiaBURSA 2211650.0054.553.091.551.55
PhilippinesPSE 62133.3350.002.501.001.50
TaiwanGTSM 2815953.5760.002.471.071.40
CanadaTSX-V 73142.8633.333.001.671.33
ItalyBORSA 48371977.0851.353.192.191.00
NorwayOSE 110100.000.000.000.000.00
MalaysiaBURSA 21050.000.000.000.000.00
Vietnam HNX 2000.000.000.000.000.00
TaiwanGTSM 1000.000.000.000.000.00
ArgentinaBUE 110100.000.000.000.000.00
Saudi ArabiaTADAWUL 84250.0050.000.250.250.00
UAEUAE 1000.000.000.000.000.00
SingaporeSGX 221100.0050.000.000.50-0.50
ThailandSET 136246.1533.331.001.67-0.67
ChileBCS 110100.000.000.001.00-1.00
BelgiumBRUSSELS 31033.330.000.002.00-2.00
Austria WIENERBORSE 42150.0050.001.003.00-2.00
DenmarkCOPENHAGEN 74157.1425.000.252.50-2.25
SpainIBEX 94144.4425.000.253.25-3.00
JapanNAGOYA 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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