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.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaTSX-V 52240.00100.0017.340.0017.34
KuwaitKSE 21150.00100.0013.340.0013.34
CanadaCSE 222100.00100.0012.950.0012.95
BelgiumBRUSSELS 42250.00100.0010.320.0010.32
EgyptEGX 54280.0050.008.671.537.15
Austria WIENERBORSE 442100.0050.007.780.946.84
Vietnam HNX 111100.00100.005.840.005.84
Poland GPW 119681.8266.676.161.025.14
South KoreaKOSDAQ 111100.00100.
PakistanKSE 51120.00100.003.870.003.87
BangladeshDSE 86375.0050.004.090.703.39
USNASDAQ 1911226863.8755.744.681.463.22
ChinaSZSE 123774762.6061.
TaiwanTWSE 50331766.0051.523.140.542.60
SwedenSTOCKHOLM 35291682.8655.173.601.072.53
ItalyBORSA 82634278.0565.633.350.822.53
BrazilBOVESPA 23151065.2266.673.300.842.46
USOTC PINK 48291562.5050.004.081.672.42
Saudi ArabiaTADAWUL 74357.1475.002.600.202.40
MexicoBMV 126450.0066.672.980.622.36
ChinaSSE 91603365.9355.003.060.772.30
RussiaMICEX 332100.0066.672.970.682.30
CanadaTSX 72402455.5660.003.030.842.19
MalaysiaBURSA 75471.4380.002.250.411.83
South KoreaKRX 57442477.1954.552.520.741.78
The World 2498159587064.1354.312.881.091.78
ArgentinaBUE 1410471.4340.004.913.191.72
South KoreaKOSDAQ 58411670.6939.023.381.741.65
FrancePARIS 49272055.1074.071.810.261.55
USAMEX 4120848.7840.002.611.161.46
Hong KongHKEX 41251460.9856.003.041.601.45
PhilippinesPSE 63350.00100.001.430.001.43
GermanyXETRA 153985864.0559.181.970.641.33
USNYSE 33020010760.6153.502.361.041.32
IndiaNSE 56402271.4355.002.200.911.29
TurkeyBIST 1812766.6758.333.121.851.27
JapanTOKYO 2261518066.8152.982.261.031.23
NetherlandsAMSTERDAM 31201464.5270.001.440.401.05
NorwayOSE 111100.00100.
AustraliaASX 36221061.1145.452.301.520.77
SpainIBEX 62133.3350.001.530.780.75
UKLSE 126874269.0548.282.641.920.72
IndonesiaIDX 32166.6750.001.130.460.67
DenmarkCOPENHAGEN 86375.0050.001.841.170.67
TaiwanGTSM 2211650.0054.551.681.020.66
SwitzerlandSIX 3023976.6739.132.091.680.41
QatarQE 222100.00100.000.360.000.36
IndiaBSE 56351862.5051.432.332.130.20
ThailandSET 96166.6716.671.761.660.10
FOREXFOREX 111100.00100.
ArgentinaBUE 110100.
ChinaSSE 1000.
ChileBCS 1000.
IndiaNSE 110100.
Poland GPW 1000.
PakistanKSE 1000.
MalaysiaBURSA 111100.00100.
USPREFERRED 140035.710.
Vietnam HOSE 94144.4425.000.551.06-0.51
SingaporeSGX 85262.5040.000.290.89-0.60
IsraelTASE 1912563.1641.671.462.17-0.70
USFOREX 110100.
Vietnam HOSE 110100.
AustraliaASX 331100.0033.330.001.00-1.00
UAEUAE 110100.
Greece ATHENS 32066.670.000.001.83-1.83
ChileBCS 110100.
NorwayOSE 167143.7514.290.964.22-3.26
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© family websites


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