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
Austria WIENERBORSE 222100.00100.006.500.006.50
Vietnam HNX 111100.00100.006.000.006.00
South KoreaKOSDAQ 111100.00100.005.000.005.00
Greece ATHENS 111100.00100.005.000.005.00
Vietnam HOSE 43275.0066.674.330.334.00
USAMEX 1913668.4246.154.621.003.62
IsraelTASE 109790.0077.784.441.003.44
South KoreaKRX 47331670.2148.484.060.763.30
TurkeyBIST 108580.0062.504.251.003.25
IndiaNSE 39301876.9260.004.301.233.07
PakistanKSE 332100.0066.673.330.333.00
Saudi ArabiaTADAWUL 87687.5085.713.140.143.00
TaiwanGTSM 17161194.1268.753.190.382.81
NorwayOSE 54280.0050.003.500.752.75
CanadaTSX 50322064.0062.502.970.282.69
TaiwanTWSE 26161161.5468.753.130.442.69
Hong KongHKEX 37221459.4663.643.360.732.64
BangladeshDSE 1411678.5754.553.090.552.55
UKLSE 44331775.0051.522.850.522.33
IndonesiaIDX 54380.0075.002.500.252.25
AustraliaASX 3116851.6150.002.380.691.69
GermanyXETRA 42251759.5268.002.440.761.68
ItalyBORSA 37251467.5756.002.841.241.60
EgyptEGX 107470.0057.142.430.861.57
JapanTOKYO 1921346769.7950.002.510.981.53
The World 1613105754765.5951.702.531.131.40
ChinaSSE 49291559.1851.722.931.621.31
USNYSE 2831889566.4350.532.291.021.27
FrancePARIS 2314860.8757.141.790.711.07
QatarQE 111100.00100.001.000.001.00
USNASDAQ 136884364.7148.862.141.200.93
ChinaSZSE 82391847.5646.153.102.260.85
IndiaBSE 44271261.3644.443.042.260.78
NetherlandsAMSTERDAM 53260.0066.671.000.330.67
Poland GPW 108480.0050.001.751.380.38
South KoreaKOSDAQ 49351971.4354.292.402.110.29
SwedenSTOCKHOLM 1814677.7842.861.431.210.21
MalaysiaBURSA 96366.6750.001.671.500.17
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 43275.0066.670.330.330.00
KuwaitKSE 4000.000.000.000.000.00
USPREFERRED 52140.0050.000.500.500.00
PhilippinesPSE 51120.00100.000.000.000.00
SingaporeSGX 43175.0033.330.330.67-0.33
RussiaMICEX 32166.6750.000.000.50-0.50
SpainIBEX 63150.0033.330.000.67-0.67
SwitzerlandSIX 1912463.1633.330.250.92-0.67
UAEUAE 110100.000.000.001.00-1.00
AustraliaASX 331100.0033.330.001.00-1.00
ThailandSET 551100.0020.000.802.00-1.20
MexicoBMV 93033.330.000.001.33-1.33
USOTC PINK 33241075.7640.002.043.64-1.60
BrazilBOVESPA 126150.0016.670.174.33-4.17
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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