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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
IsraelTASE 21150.00100.
TurkeyBIST 222100.00100.
BrazilBOVESPA 222100.00100.
RussiaMICEX 111100.00100.
IndiaNSE 921168.481.590.130.000.13
The World 2946241563.200.810.040.010.03
IndonesiaIDX 230069.570.
Hong KongHKEX 730049.320.
Greece ATHENS 40025.
FrancePARIS 620061.
SpainIBEX 90044.440.
DenmarkCOPENHAGEN 80050.
GermanyXETRA 1040051.920.
ChinaSZSE 1800072.
ChinaSSE 1300062.310.
ChileBCS 30033.330.
BrazilBOVESPA 300056.670.
BelgiumBRUSSELS 70028.570.
BangladeshDSE 130046.
AustraliaASX 440052.
Austria WIENERBORSE 100070.
ArgentinaBUE 110100.
ArgentinaBUE 70071.430.
SwitzerlandSIX 300050.
CanadaTSX 810074.
CanadaCSE 70042.860.
CanadaTSX-V 130046.
Poland GPW 180066.670.
PakistanKSE 80087.500.
PhilippinesPSE 30066.670.
NorwayOSE 80037.500.
NorwayOSE 21050.
NetherlandsAMSTERDAM 140071.430.
MalaysiaBURSA 21050.
MalaysiaBURSA 160050.
MexicoBMV 160043.750.
UAEUAE 20050.
Saudi ArabiaTADAWUL 130038.460.
QatarQE 200100.
UAEUAE 1000.
EgyptEGX 90066.670.
JordanASE 20050.
South KoreaKOSDAQ 880068.
South KoreaKRX 680055.880.
JapanTOKYO 3170063.
Vietnam HOSE 90077.780.
Vietnam HNX 1000.
USOTC PINK 640067.
USNYSE 3340069.760.
USNASDAQ 2600071.
USAMEX 330066.670.
UKLSE 1010055.450.
TaiwanGTSM 320053.
TaiwanTWSE 640056.
TaiwanGTSM 1000.
TurkeyBIST 220059.
SwedenSTOCKHOLM 400062.500.
RussiaMICEX 120066.670.
IndiaBSE 1080058.330.
IsraelTASE 400077.500.
JapanNAGOYA 100100.
ItalyBORSA 720062.500.
ThailandSET 150073.330.
SingaporeSGX 300100.
SingaporeSGX 221100.0050.000.000.50-0.50
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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