BEARISH 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 selling decisions.
BEARISH BREAKAWAY
Definition
This four candlestick pattern starts with a strong white candlestick. The next three days after the upside gap set consecutively higher prices. However, the last day completely erases the limited price gains of up 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 white day represents the current uptrend.
2. The second day is also white 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 black, but it may also be white as the fourth day.
4. The fifth day is a black one that closes inside the gap that is formed between the first two days.
Pattern Requirements and Flexibility
The first white candlestick of the Bearish Breakaway should not be short. However, the following three white candlesticks after the gap can be short, while the third candlestick in the middle can be black, too. The last black day should close inside the gap but should not fill the gap.
Trader’s Behavior
The uptrend has accelerated with a big gap and then starts to fizzle, but still moves in the same direction. The slow deterioration of the uptrend is quite evident. Finally, a downward move completely reverses the previous three day’s price action. What causes the reversal implication is that the gap has not been filled. A short term reversal has taken place, but still a confirmation may be necessary.
Sell/Stop Loss Levels
The confirmation level is defined as the last close. Prices should cross below this level for confirmation.

The stop loss level is defined as the last high. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish 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
CanadaCSE 42250.00100.0013.000.0013.00
ArgentinaBUE 52140.0050.0011.003.507.50
Austria WIENERBORSE 443100.0075.008.001.007.00
Vietnam HNX 111100.00100.006.000.006.00
South KoreaKOSDAQ 111100.00100.005.000.005.00
Hong KongHKEX 33171351.5276.474.000.653.35
IsraelTASE 87587.5071.434.571.293.29
TaiwanGTSM 13138100.0061.543.380.233.15
South KoreaKRX 45321571.1146.884.031.033.00
Saudi ArabiaTADAWUL 97677.7885.713.140.143.00
USAMEX 1913568.4238.464.151.232.92
IndiaNSE 37311883.7858.064.101.452.65
ChinaSZSE 69381855.0747.374.582.032.55
PakistanKSE 221100.0050.003.000.502.50
TaiwanTWSE 29161055.1762.503.130.692.44
TurkeyBIST 118472.7350.004.001.632.38
BangladeshDSE 1513786.6753.852.770.462.31
Vietnam HOSE 64266.6750.003.251.002.25
CanadaTSX 50311962.0061.292.810.742.06
USPREFERRED 72228.57100.002.000.002.00
UKLSE 43311272.0938.712.841.261.58
FrancePARIS 25161064.0062.502.250.751.50
IndonesiaIDX 32166.6750.002.000.501.50
The World 1538103651467.4949.522.721.281.45
JapanTOKYO 1781236169.1049.592.280.891.39
AustraliaASX 2312652.1750.002.170.831.33
GermanyXETRA 42302071.4366.672.070.801.27
USNYSE 2661738365.0447.982.461.211.25
SwitzerlandSIX 1914673.6842.862.000.791.21
South KoreaKOSDAQ 40301975.0063.333.031.971.07
USNASDAQ 144924063.8943.482.701.671.02
ItalyBORSA 32251178.1344.002.281.360.92
NorwayOSE 85262.5040.002.802.000.80
NetherlandsAMSTERDAM 65383.3360.001.600.800.80
Poland GPW 98588.8962.502.131.500.63
EgyptEGX 75371.4360.001.601.000.60
IndiaBSE 41271365.8548.152.632.040.59
USOTC PINK 36281383.3343.333.873.370.50
QatarQE 222100.00100.000.500.000.50
ChinaSSE 38251065.7940.002.642.400.24
MalaysiaBURSA 86375.0050.001.671.500.17
FOREXFOREX 111100.00100.000.000.000.00
ArgentinaBUE 110100.000.000.000.000.00
ChinaSSE 1000.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
KuwaitKSE 31033.330.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
CanadaTSX-V 1000.000.000.000.000.00
PhilippinesPSE 5000.000.000.000.000.00
MexicoBMV 104140.0025.001.001.000.00
SingaporeSGX 43175.0033.330.330.67-0.33
SwedenSTOCKHOLM 2117580.9529.411.181.76-0.59
SpainIBEX 63150.0033.330.001.00-1.00
DenmarkCOPENHAGEN 54180.0025.000.251.25-1.00
AustraliaASX 331100.0033.330.001.00-1.00
BrazilBOVESPA 106260.0033.331.672.67-1.00
RussiaMICEX 32166.6750.000.001.00-1.00
ThailandSET 75171.4320.000.802.00-1.20
Greece ATHENS 110100.000.000.004.00-4.00
BelgiumBRUSSELS 110100.000.000.008.00-8.00
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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