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.
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.
Pattern Performance in Stock Exchanges since 1/1/2018
Stock Exchange 
Per Trade 
Total Net% Descending
CanadaCSE 42250.00100.0013.000.0013.00
CanadaTSX-V 31133.33100.
Vietnam HNX 111100.00100.
QatarQE 222100.00100.
South KoreaKOSDAQ 111100.00100.
ArgentinaBUE 64266.6750.006.752.004.75
Poland GPW 98588.8962.506.001.504.50
Austria WIENERBORSE 221100.0050.006.502.004.50
CanadaTSX 44301868.1860.004.770.873.90
NorwayOSE 105350.0060.005.802.003.80
South KoreaKOSDAQ 41302273.1773.334.831.103.73
ChinaSZSE 75442658.6759.094.140.863.27
PakistanKSE 53260.0066.673.330.333.00
BangladeshDSE 1311684.6254.553.180.452.73
FrancePARIS 199847.3788.892.560.112.44
Saudi ArabiaTADAWUL 85462.5080.002.400.202.20
IsraelTASE 1511673.3354.553.361.362.00
IndonesiaIDX 43275.0066.672.330.332.00
ChinaSSE 51361970.5952.783.361.391.97
South KoreaKRX 43301169.7736.673.231.301.93
USNASDAQ 137924467.1547.833.351.631.72
Hong KongHKEX 32181256.2566.673.221.561.67
MalaysiaBURSA 87587.5071.431.860.291.57
The World 1681112955267.1648.892.641.221.42
IndiaNSE 45361880.0050.002.691.311.39
USAMEX 2013565.0038.462.851.461.38
JapanTOKYO 1691105765.0951.822.150.961.18
USOTC PINK 37311383.7841.944.973.901.06
USNYSE 2541688066.1447.622.151.101.05
AustraliaASX 2412650.0050.001.830.831.00
BelgiumBRUSSELS 221100.0050.
NetherlandsAMSTERDAM 85362.5060.001.400.401.00
UKLSE 64421465.6333.332.171.260.90
IndiaBSE 47321668.0950.002.411.560.84
EgyptEGX 85362.5060.002.601.800.80
SwitzerlandSIX 2619773.0836.841.740.950.79
USPREFERRED 135338.4660.001.000.400.60
GermanyXETRA 46331471.7442.421.821.270.55
SingaporeSGX 43275.0066.670.670.330.33
ItalyBORSA 35261074.2938.461.731.500.23
Poland GPW 1000.
MalaysiaBURSA 111100.00100.
RussiaMICEX 32266.67100.
PhilippinesPSE 5000.
FOREXFOREX 111100.00100.
ArgentinaBUE 110100.
ChinaSSE 1000.
ChileBCS 1000.
SpainIBEX 3000.
KuwaitKSE 2000.
IndiaNSE 110100.
TaiwanGTSM 129475.0044.440.440.56-0.11
TaiwanTWSE 3719651.3531.580.420.68-0.26
BrazilBOVESPA 1511573.3345.451.361.64-0.27
SwedenSTOCKHOLM 2017585.0029.411.061.35-0.29
AustraliaASX 331100.0033.330.001.00-1.00
Vietnam HOSE 114136.3625.000.501.50-1.00
DenmarkCOPENHAGEN 43175.0033.330.331.67-1.33
Greece ATHENS 220100.
MexicoBMV 82025.
TurkeyBIST 65283.3340.000.201.80-1.60
ThailandSET 76085.710.000.002.17-2.17
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© family websites


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