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 21150.00100.0024.000.0024.00
Vietnam HNX 111100.00100.006.000.006.00
South KoreaKOSDAQ 111100.00100.005.000.005.00
IsraelTASE 76585.7183.334.830.834.00
Hong KongHKEX 166637.50100.003.830.003.83
CanadaTSX 20161180.0068.753.810.443.38
USOTC PINK 1611668.7554.553.360.452.91
South KoreaKOSDAQ 28211575.0071.434.141.292.86
ChinaSSE 1511673.3354.554.271.552.73
PakistanKSE 221100.0050.003.000.502.50
MalaysiaBURSA 43175.0033.333.000.672.33
BangladeshDSE 108480.0050.002.630.382.25
ChinaSZSE 208440.0050.002.750.632.13
Saudi ArabiaTADAWUL 42250.00100.002.000.002.00
IndonesiaIDX 43275.0066.672.330.332.00
NetherlandsAMSTERDAM 31133.33100.002.000.002.00
JapanTOKYO 83503060.2460.002.720.741.98
USNYSE 138864862.3255.812.650.851.80
The World 76950125965.1551.702.371.031.34
UKLSE 1912663.1650.001.670.581.08
USNASDAQ 65422064.6247.622.361.331.02
Poland GPW 663100.0050.002.331.331.00
FrancePARIS 103330.00100.001.000.001.00
GermanyXETRA 1915778.9546.672.131.200.93
IndiaBSE 26211080.7747.622.521.810.71
Vietnam HOSE 52140.0050.001.000.500.50
South KoreaKRX 2718666.6733.331.941.500.44
IndiaNSE 2821975.0042.861.901.570.33
EgyptEGX 53260.0066.671.671.330.33
TaiwanGTSM 552100.0040.000.600.400.20
SwedenSTOCKHOLM 87487.5057.141.141.000.14
TaiwanTWSE 138461.5450.000.630.500.13
Austria WIENERBORSE 111100.00100.000.000.000.00
FOREXFOREX 111100.00100.000.000.000.00
SpainIBEX 2000.000.000.000.000.00
ChileBCS 1000.000.000.000.000.00
NorwayOSE 21050.000.000.000.000.00
QatarQE 1000.000.000.000.000.00
PhilippinesPSE 2000.000.000.000.000.00
RussiaMICEX 21150.00100.000.000.000.00
USAMEX 84250.0050.001.501.500.00
ItalyBORSA 1812666.6750.002.082.17-0.08
SingaporeSGX 331100.0033.330.330.67-0.33
DenmarkCOPENHAGEN 220100.000.000.000.50-0.50
AustraliaASX 158353.3337.500.501.38-0.88
USPREFERRED 31033.330.000.001.00-1.00
AustraliaASX 331100.0033.330.001.00-1.00
SwitzerlandSIX 106160.0016.670.171.50-1.33
TurkeyBIST 32066.670.000.001.50-1.50
MexicoBMV 51020.000.000.002.00-2.00
ThailandSET 550100.000.000.002.20-2.20
BrazilBOVESPA 53160.0033.330.004.00-4.00
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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