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 31133.33100.0024.000.0024.00
Austria WIENERBORSE 333100.00100.009.670.009.67
Vietnam HNX 111100.00100.006.000.006.00
South KoreaKOSDAQ 111100.00100.005.000.005.00
Vietnam HOSE 43275.0066.674.330.334.00
Hong KongHKEX 29151151.7273.334.470.733.73
IsraelTASE 98688.8975.004.631.133.50
TaiwanGTSM 13138100.0061.543.380.233.15
Saudi ArabiaTADAWUL 87687.5085.713.140.143.00
TaiwanTWSE 2214963.6464.293.500.503.00
PakistanKSE 332100.0066.673.330.333.00
South KoreaKRX 38281373.6846.434.001.042.96
USAMEX 1913568.4238.464.151.232.92
NorwayOSE 54280.0050.003.500.752.75
ChinaSZSE 57301652.6353.334.902.272.63
CanadaTSX 44251656.8264.003.280.762.52
TurkeyBIST 108480.0050.004.001.632.38
BangladeshDSE 1513786.6753.852.770.462.31
UKLSE 3022973.3340.912.410.731.68
FrancePARIS 23161069.5762.502.250.751.50
IndonesiaIDX 32166.6750.002.000.501.50
USNYSE 2411528063.0752.632.380.891.49
JapanTOKYO 1571105670.0650.912.320.881.44
The World 137491246766.4551.152.601.171.43
IndiaNSE 34281582.3553.573.001.611.39
AustraliaASX 2110447.6240.002.201.001.20
USNASDAQ 123763661.7947.372.371.281.09
ItalyBORSA 29231179.3147.832.481.431.04
QatarQE 111100.00100.001.000.001.00
GermanyXETRA 37271772.9762.961.890.891.00
South KoreaKOSDAQ 39291874.3662.073.002.030.97
ChinaSSE 3019863.3342.113.052.160.89
NetherlandsAMSTERDAM 65383.3360.001.600.800.80
Poland GPW 98588.8962.502.131.500.63
EgyptEGX 75371.4360.001.601.000.60
IndiaBSE 39251164.1044.002.602.200.40
USOTC PINK 32231175.0045.834.173.790.38
SwedenSTOCKHOLM 1815783.3346.671.271.130.13
CanadaTSX-V 1000.000.000.000.000.00
ArgentinaBUE 2000.000.000.000.000.00
FOREXFOREX 111100.00100.000.000.000.00
ChileBCS 1000.000.000.000.000.00
DenmarkCOPENHAGEN 43175.0033.330.330.330.00
KuwaitKSE 31033.330.000.000.000.00
USPREFERRED 62133.3350.000.500.500.00
MalaysiaBURSA 75271.4340.001.801.800.00
PhilippinesPSE 4000.000.000.000.000.00
SingaporeSGX 331100.0033.330.330.67-0.33
SwitzerlandSIX 1410371.4330.000.401.00-0.60
RussiaMICEX 32166.6750.000.001.00-1.00
AustraliaASX 331100.0033.330.001.00-1.00
SpainIBEX 63150.0033.330.001.00-1.00
ThailandSET 65183.3320.000.802.00-1.20
MexicoBMV 93033.330.000.001.33-1.33
BrazilBOVESPA 84150.0025.000.253.75-3.50
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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