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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 21150.00100.0024.000.0024.00
Vietnam HNX 111100.00100.006.000.006.00
South KoreaKOSDAQ 111100.00100.005.000.005.00
Vietnam HOSE 32166.6750.005.500.505.00
USOTC PINK 24201083.3350.005.050.904.15
IsraelTASE 665100.0083.334.830.834.00
TurkeyBIST 86375.0050.005.331.334.00
TaiwanGTSM 11118100.0072.734.000.183.82
USAMEX 85362.5060.004.600.803.80
Saudi ArabiaTADAWUL 64466.67100.003.500.003.50
TaiwanTWSE 1712870.5966.674.000.503.50
Hong KongHKEX 2111852.3872.733.640.273.36
ChinaSSE 2314860.8757.144.292.072.21
ChinaSZSE 41191046.3452.634.472.422.05
South KoreaKRX 31231074.1943.482.911.171.74
AustraliaASX 1910552.6350.002.701.001.70
IndonesiaIDX 32166.6750.002.000.501.50
MalaysiaBURSA 75271.4340.003.201.801.40
CanadaTSX 31191161.2957.891.950.581.37
The World 103468334366.0550.222.471.111.35
USNYSE 1791115862.0152.252.290.941.35
JapanTOKYO 117793767.5246.842.240.901.34
NetherlandsAMSTERDAM 43275.0066.672.331.001.33
UKLSE 2517868.0047.061.940.711.24
South KoreaKOSDAQ 30221473.3363.643.412.181.23
GermanyXETRA 31231274.1952.171.870.831.04
NorwayOSE 21150.00100.001.000.001.00
USNASDAQ 97582659.7944.832.141.210.93
BangladeshDSE 119481.8244.441.330.440.89
FrancePARIS 2015975.0060.001.600.800.80
ItalyBORSA 2316869.5750.002.501.880.63
EgyptEGX 75371.4360.001.601.000.60
Poland GPW 87487.5057.142.291.710.57
IndiaNSE 27211077.7847.622.291.860.43
SwedenSTOCKHOLM 1210583.3350.001.301.200.10
IndiaBSE 2821975.0042.862.382.290.10
PhilippinesPSE 3000.000.000.000.000.00
Austria WIENERBORSE 111100.00100.000.000.000.00
ArgentinaBUE 2000.000.000.000.000.00
FOREXFOREX 111100.00100.000.000.000.00
BelgiumBRUSSELS 1000.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
CanadaTSX-V 1000.000.000.000.000.00
QatarQE 1000.000.000.000.000.00
KuwaitKSE 110100.000.000.000.000.00
SwitzerlandSIX 108380.0037.500.500.63-0.13
DenmarkCOPENHAGEN 220100.000.000.000.50-0.50
USPREFERRED 31033.330.000.001.00-1.00
RussiaMICEX 32166.6750.000.001.00-1.00
SingaporeSGX 441100.0025.000.251.25-1.00
PakistanKSE 110100.000.000.001.00-1.00
AustraliaASX 331100.0033.330.001.00-1.00
SpainIBEX 53160.0033.330.001.00-1.00
ThailandSET 65183.3320.000.802.00-1.20
MexicoBMV 63050.000.000.001.33-1.33
BrazilBOVESPA 73142.8633.330.334.67-4.33
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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.