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 1/1/2016
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
QatarQE 111100.00100.0012.000.0012.00
Austria WIENERBORSE 222100.00100.006.500.006.50
Vietnam HNX 111100.00100.006.000.006.00
Hong KongHKEX 198842.11100.005.630.005.63
South KoreaKOSDAQ 111100.00100.005.000.005.00
ChinaSZSE 2610638.4660.004.400.503.90
FrancePARIS 124433.33100.003.750.003.75
CanadaTSX 25181372.0072.223.440.393.06
IsraelTASE 87587.5071.434.141.292.86
South KoreaKOSDAQ 31231674.1969.573.911.302.61
PakistanKSE 221100.0050.003.000.502.50
USOTC PINK 1914773.6850.003.000.572.43
BangladeshDSE 108480.0050.002.750.382.38
UKLSE 2114766.6750.002.860.502.36
MalaysiaBURSA 43175.0033.333.000.672.33
ChinaSSE 2014770.0050.003.501.212.29
JapanTOKYO 95593562.1159.322.920.762.15
IndonesiaIDX 43275.0066.672.330.332.00
South KoreaKRX 3324872.7333.333.291.421.88
USNASDAQ 72452362.5051.112.931.311.62
The World 90459031065.2752.542.530.981.56
USNYSE 1661056063.2557.142.360.841.52
Saudi ArabiaTADAWUL 54480.00100.001.500.001.50
USAMEX 1610362.5030.002.701.201.50
Poland GPW 774100.0057.142.141.141.00
GermanyXETRA 2417970.8352.941.941.060.88
IndiaNSE 31241177.4245.832.331.460.88
ItalyBORSA 2316969.5756.252.501.690.81
IndiaBSE 29211072.4147.622.521.810.71
Vietnam HOSE 52140.0050.001.000.500.50
NetherlandsAMSTERDAM 42150.0050.001.000.500.50
EgyptEGX 53260.0066.671.671.330.33
TaiwanTWSE 148457.1450.000.630.500.13
FOREXFOREX 111100.00100.000.000.000.00
ChileBCS 1000.000.000.000.000.00
SpainIBEX 3000.000.000.000.000.00
DenmarkCOPENHAGEN 221100.0050.000.500.500.00
SwedenSTOCKHOLM 128466.6750.001.001.000.00
RussiaMICEX 21150.00100.000.000.000.00
PhilippinesPSE 3000.000.000.000.000.00
TaiwanGTSM 773100.0042.860.430.430.00
SingaporeSGX 331100.0033.330.330.67-0.33
AustraliaASX 189350.0033.330.441.22-0.78
USPREFERRED 31033.330.000.001.00-1.00
AustraliaASX 331100.0033.330.001.00-1.00
SwitzerlandSIX 106160.0016.670.171.33-1.17
NorwayOSE 32066.670.000.001.50-1.50
TurkeyBIST 32066.670.000.001.50-1.50
MexicoBMV 61016.670.000.002.00-2.00
ThailandSET 550100.000.000.002.20-2.20
BrazilBOVESPA 64166.6725.000.003.50-3.50
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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