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 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
South KoreaKOSDAQ 111100.00100.
NorwayOSE 111100.00100.
The World 2391271364.410.840.040.010.03
ItalyBORSA 810077.780.
IndiaNSE 500070.
IndiaNSE 110100.
IndiaBSE 540061.
IsraelTASE 190063.
IndonesiaIDX 30066.670.
Hong KongHKEX 360058.330.
Greece ATHENS 30066.670.
FrancePARIS 500056.
SpainIBEX 60033.330.
DenmarkCOPENHAGEN 80075.
GermanyXETRA 1510064.900.
ChinaSZSE 1180061.
ChinaSSE 840066.670.
ChinaSSE 1000.
ChileBCS 1000.
ChileBCS 100100.
SwitzerlandSIX 300080.
CanadaTSX 690056.520.
CanadaCSE 200100.
CanadaTSX-V 40050.
BrazilBOVESPA 220068.
BelgiumBRUSSELS 40050.
BangladeshDSE 80075.
AustraliaASX 340058.820.
Austria WIENERBORSE 400100.
ArgentinaBUE 110100.
ArgentinaBUE 140071.430.
FOREXFOREX 111100.00100.
EgyptEGX 50080.
South KoreaKOSDAQ 580070.690.
South KoreaKRX 580075.860.
NetherlandsAMSTERDAM 310064.520.
MalaysiaBURSA 111100.00100.
MalaysiaBURSA 70071.430.
MexicoBMV 120050.
Saudi ArabiaTADAWUL 70057.
QatarQE 200100.
KuwaitKSE 20050.
JapanTOKYO 2130066.
NorwayOSE 160043.750.
USAMEX 320059.380.
UKLSE 1250069.600.
TaiwanGTSM 200050.
TaiwanTWSE 490065.310.
TurkeyBIST 160062.500.
ThailandSET 90066.670.
SingaporeSGX 80062.500.
SwedenSTOCKHOLM 330084.850.
RussiaMICEX 300100.
Poland GPW 110072.730.
Poland GPW 1000.
PakistanKSE 50020.
PakistanKSE 1000.
PhilippinesPSE 60050.
USPREFERRED 140035.710.
USOTC PINK 440065.910.
USNYSE 3040061.510.
USNASDAQ 1840064.
Vietnam HOSE 70057.
Vietnam HNX 100100.
Vietnam HOSE 110100.
USFOREX 110100.
UAEUAE 110100.
AustraliaASX 331100.0033.330.001.00-1.00
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© family websites


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