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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaTSX-V 51120.00100.0027.100.0027.10
KuwaitKSE 21150.00100.0013.330.0013.33
CanadaCSE 222100.00100.0012.950.0012.95
EgyptEGX 43275.0066.6711.561.709.86
UAEUAE 111100.00100.006.580.006.58
Austria WIENERBORSE 65383.3360.006.880.756.13
Poland GPW 129575.0055.566.621.095.53
South KoreaKOSDAQ 111100.00100.005.000.005.00
BelgiumBRUSSELS 43275.0066.676.942.724.23
BangladeshDSE 75371.4360.004.820.604.22
USNASDAQ 2071347664.7356.725.021.353.66
Vietnam HOSE 144228.5750.004.210.673.54
ChinaSZSE 194915146.9156.044.191.013.18
Hong KongHKEX 44261659.0961.544.541.373.17
MexicoBMV 95455.5680.003.580.453.13
IndiaNSE 65462870.7760.873.670.752.92
South KoreaKRX 60462776.6758.703.360.732.63
TaiwanTWSE 49331567.3545.453.210.632.58
Saudi ArabiaTADAWUL 63250.0066.672.670.272.40
ItalyBORSA 83654178.3163.083.240.882.36
BrazilBOVESPA 26161161.5468.753.180.862.32
CanadaTSX 70392355.7158.973.170.952.21
USOTC PINK 46271463.0448.283.861.672.19
ChinaSSE 138703750.7252.862.790.921.88
The World 2653164288362.2753.452.971.101.87
SwedenSTOCKHOLM 35281480.0050.002.941.191.75
FrancePARIS 51292056.8668.972.050.311.74
PhilippinesPSE 74357.1475.001.710.021.69
DenmarkCOPENHAGEN 75371.4360.002.600.921.69
South KoreaKOSDAQ 55431978.1844.193.101.481.63
PakistanKSE 93233.3366.672.821.311.51
GermanyXETRA 150996066.0060.612.020.621.40
NetherlandsAMSTERDAM 32211465.6366.671.760.391.37
USNYSE 32821111064.3352.132.331.031.30
IndiaBSE 63362157.1458.333.051.931.12
NorwayOSE 111100.00100.001.000.001.00
JapanTOKYO 2261517266.8147.681.991.030.96
UKLSE 121823667.7743.902.832.050.78
TaiwanGTSM 2413654.1746.151.771.000.77
USAMEX 3716643.2437.501.921.200.73
TurkeyBIST 28201071.4350.002.671.950.72
IndonesiaIDX 42150.0050.001.080.460.62
MalaysiaBURSA 74357.1475.000.550.180.36
SpainIBEX 83137.5033.331.030.680.34
QatarQE 222100.00100.000.340.000.34
ThailandSET 85162.5020.002.111.830.28
AustraliaASX 3719951.3547.372.302.190.11
PakistanKSE 1000.000.000.000.000.00
Poland GPW 1000.000.000.000.000.00
MalaysiaBURSA 111100.00100.000.000.000.00
USPREFERRED 140035.710.000.000.000.00
RussiaMICEX 300100.000.000.000.000.00
IndiaNSE 110100.000.000.000.000.00
ChinaSSE 1000.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
ArgentinaBUE 110100.000.000.000.000.00
ArgentinaBUE 2000.000.000.000.000.00
FOREXFOREX 111100.00100.000.000.000.00
SwitzerlandSIX 30241080.0041.672.012.37-0.36
USFOREX 110100.000.000.001.00-1.00
Vietnam HOSE 110100.000.000.001.00-1.00
UAEUAE 110100.000.000.001.00-1.00
AustraliaASX 331100.0033.330.001.00-1.00
SingaporeSGX 84150.0025.000.031.10-1.07
IsraelTASE 1814477.7828.570.962.26-1.29
Greece ATHENS 32066.670.000.001.83-1.83
NorwayOSE 157246.6728.571.844.22-2.39
ChileBCS 220100.000.000.003.87-3.87
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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