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
CanadaTSX-V 21150.00100.008.000.008.00
Vietnam HNX 111100.00100.006.000.006.00
South KoreaKOSDAQ 111100.00100.005.000.005.00
ArgentinaBUE 63150.0033.337.332.674.67
Austria WIENERBORSE 221100.0050.006.502.004.50
Poland GPW 109690.0066.675.561.334.22
TaiwanGTSM 1413892.8661.543.380.233.15
Saudi ArabiaTADAWUL 97677.7885.713.140.143.00
PakistanKSE 53260.0066.673.330.333.00
South KoreaKRX 42321576.1946.884.031.062.97
USAMEX 1913568.4238.464.151.232.92
Hong KongHKEX 34181352.9472.223.780.892.89
IsraelTASE 119681.8266.674.111.442.67
ChinaSZSE 80442255.0050.004.201.752.45
IndiaNSE 39331984.6257.583.851.452.39
TurkeyBIST 118472.7350.004.001.632.38
BangladeshDSE 1513786.6753.852.770.462.31
TaiwanTWSE 31171054.8458.822.940.652.29
Vietnam HOSE 74257.1450.003.251.002.25
CanadaTSX 50311962.0061.292.810.742.06
FrancePARIS 28191267.8663.162.210.681.53
IndonesiaIDX 32166.6750.002.000.501.50
The World 1642111154467.7848.882.671.271.40
USNASDAQ 160994561.8845.453.091.711.38
JapanTOKYO 1861306469.8949.232.230.881.35
AustraliaASX 2312652.1750.002.170.831.33
UKLSE 52371471.1537.842.491.161.32
USNYSE 2751788564.7347.752.421.131.28
South KoreaKOSDAQ 40301975.0063.333.031.971.07
GermanyXETRA 47351974.4754.291.940.891.06
NetherlandsAMSTERDAM 87487.5057.141.710.711.00
USPREFERRED 93233.3366.671.330.331.00
ItalyBORSA 37291378.3844.832.171.310.86
SwitzerlandSIX 2418875.0044.441.560.720.83
NorwayOSE 85262.5040.002.802.000.80
QatarQE 222100.00100.000.500.000.50
IndiaBSE 43291367.4444.832.452.030.41
SingaporeSGX 43275.0066.670.670.330.33
MalaysiaBURSA 97477.7857.141.571.290.29
ChinaSSE 44281163.6439.292.502.250.25
KuwaitKSE 31033.330.000.000.000.00
PhilippinesPSE 5000.000.000.000.000.00
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
IndiaNSE 110100.000.000.000.000.00
MexicoBMV 115145.4520.000.801.00-0.20
USOTC PINK 41321382.9338.243.413.65-0.24
EgyptEGX 86375.0050.001.331.67-0.33
SwedenSTOCKHOLM 2117580.9529.411.181.76-0.59
BrazilBOVESPA 128466.6750.001.382.13-0.75
RussiaMICEX 32166.6750.000.001.00-1.00
SpainIBEX 63150.0033.330.001.00-1.00
DenmarkCOPENHAGEN 54180.0025.000.251.25-1.00
AustraliaASX 331100.0033.330.001.00-1.00
ThailandSET 86175.0016.670.672.00-1.33
Greece ATHENS 220100.000.000.002.50-2.50
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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