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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
Vietnam HNX 21150.00100.0039.000.0039.00
CanadaCSE 221100.0050.0037.502.5035.00
QatarQE 222100.00100.0022.000.0022.00
South KoreaKOSDAQ 63402563.4962.5010.601.239.38
ArgentinaBUE 222100.00100.009.000.009.00
USPREFERRED 97577.7871.438.290.148.14
SingaporeSGX 32266.67100.007.500.007.50
MexicoBMV 127358.3342.867.570.577.00
USNASDAQ 1991428571.3659.867.351.356.00
RussiaMICEX 94444.44100.005.750.005.75
South KoreaKRX 68362552.9469.445.690.834.86
USOTC PINK 48291564.5848.397.102.264.84
BrazilBOVESPA 138461.5450.005.881.384.50
BangladeshDSE 2010450.0040.005.400.904.50
Hong KongHKEX 58291050.0034.486.722.284.45
TaiwanGTSM 27171162.9664.715.060.714.35
DenmarkCOPENHAGEN 64366.6775.004.750.754.00
BrazilBOVESPA 111100.00100.004.000.004.00
TurkeyBIST 222100.00100.004.000.004.00
ChinaSZSE 101734672.2863.014.961.043.92
USNYSE 31124016177.1767.084.240.673.57
The World 2223149491567.3061.164.631.103.53
SwedenSTOCKHOLM 34201158.8255.004.551.153.40
JapanTOKYO 28020813174.2962.984.231.123.11
IndiaNSE 80522965.0055.774.481.443.04
NorwayOSE 61116.67100.003.000.003.00
RussiaMICEX 111100.00100.003.000.003.00
IsraelTASE 30221573.3368.183.640.643.00
CanadaTSX 62502880.6556.003.660.942.72
IndiaBSE 112643257.1450.004.301.582.72
Vietnam HOSE 117463.6457.143.140.432.71
PakistanKSE 105350.0060.002.600.002.60
IndonesiaIDX 1713876.4761.544.231.692.54
FrancePARIS 52392775.0069.232.900.382.51
SwitzerlandSIX 1811761.1163.643.180.732.45
MalaysiaBURSA 229540.9155.563.671.222.44
TaiwanTWSE 4520844.4440.003.751.402.35
CanadaTSX-V 63150.0033.334.001.672.33
NetherlandsAMSTERDAM 20151075.0066.672.730.602.13
BelgiumBRUSSELS 52140.0050.003.001.002.00
TurkeyBIST 136446.1566.672.830.832.00
PhilippinesPSE 73242.8666.672.670.672.00
ChinaSSE 60372461.6764.862.650.841.81
UKLSE 68422661.7661.902.931.171.76
GermanyXETRA 66543581.8264.812.941.201.74
USAMEX 24221691.6772.733.772.051.73
EgyptEGX 106360.0050.002.331.171.17
ItalyBORSA 44311770.4554.843.552.610.94
AustraliaASX 30141046.6771.431.360.790.57
MalaysiaBURSA 21050.000.000.000.000.00
TaiwanGTSM 1000.000.000.000.000.00
ArgentinaBUE 110100.000.000.000.000.00
Greece ATHENS 2000.000.000.000.000.00
JordanASE 1000.000.000.000.000.00
UAEUAE 1000.000.000.000.000.00
Poland GPW 115345.4560.001.601.80-0.20
Saudi ArabiaTADAWUL 103230.0066.670.000.33-0.33
ThailandSET 138461.5450.001.251.75-0.50
SingaporeSGX 221100.0050.000.000.50-0.50
SpainIBEX 83037.500.000.004.33-4.33
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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