BEARISH BREAKAWAY
The chart showing Series 1 series.
To evaluate the performance of the pattern in your stock exchange within the context of other global markets, please refer to the table below. Locate your stock market to see its ranking among others. This will provide insights into the pattern’s strength and reliability, aiding you in your buying and selling decisions.
BEARISH BREAKAWAY
Definition
This four-candlestick pattern begins with a strong white candlestick. The following three days, after an upside gap, see consecutively higher prices. However, on the last day, the limited price gains of the previous days are completely erased, and it closes within the gap between the first and second days. This indicates a potential short-term reversal.
Recognition Criteria
1. The color of the first strong white candlestick represents the current uptrend.
2. The second candlestick is also bullish, and its body opens with a gap in the direction of the trend.
3. The third and fourth candlesticks continue in the direction of the trend. The third candlestick should be black, but it can also be white like the fourth candlestick.
4. The fifth candlestick is black and closes within the gap created between the first two candlesticks.
Pattern Requirements and Flexibility
The first white candlestick in the Bearish Breakaway pattern should not be short. However, the following three white candlesticks after the gap can be short, with the third candlestick in the middle also possibly being black. The final black candlestick should close within the gap but should not fill it.
Trader’s Behavior
The uptrend has accelerated with a significant gap and then begins to lose momentum, though it continues in the same direction. The gradual weakening of the uptrend is quite evident. Finally, a downward movement completely reverses the price action of the previous three days. The reversal implication is caused by the gap not being filled. A short-term reversal has taken place, but a confirmation may still be necessary.
Sell/Stop-Loss Levels
The confirmation level is determined by the last close. For confirmation, prices should fall below this level.

The stop-loss level is defined as the last high. If, following the bearish signal, prices rise instead of falling and either close or make two consecutive daily highs above the stop-loss level, without detecting any bullish pattern, the stop-loss is triggered.
Title
Pattern Performance in Stock Exchanges since 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
KuwaitBOURSA KUWAIT 111100.00100.0013.300.0013.30
BelgiumBRUSSELS 333100.00100.008.130.008.13
USOTC MARKETS 47291863.8360.009.261.677.60
CanadaTSXV 63250.0066.6712.294.767.53
EgyptEGX 65483.3380.008.481.047.43
UAEDFM-ADX 111100.00100.006.580.006.58
Saudi ArabiaTADAWUL 52240.00100.005.690.005.69
Poland GPW 1410571.4350.005.951.184.77
ArgentinaBCBA 73142.8633.335.330.804.53
TaiwanTWSE 54372070.3752.634.290.553.74
MexicoBMV 85462.5080.003.500.243.26
BangladeshDSE 96466.6766.673.360.502.86
ChinaSZSE 195895145.6457.303.791.042.75
USNASDAQ 1851125461.6247.374.421.902.51
ChinaSSE 154784752.6058.022.980.722.26
Hong KongHKEX 41241458.5458.333.671.502.17
SwedenOMX STOCKHOLM 35271777.1462.962.970.962.01
QatarQE 222100.00100.001.880.001.88
CanadaTSX 61361759.0247.222.901.051.85
AustraliaASX 3921953.8542.863.832.031.81
Austria WIENERBÖRSE 76285.7133.333.241.501.74
BrazilBOVESPA 2415962.5060.002.851.191.67
CanadaCSE 111100.00100.001.660.001.66
The WorldWORLD MARKETS 2589155181661.4951.262.731.161.57
NetherlandsAMSTERDAM 30201466.6770.001.820.281.54
South KoreaKRX 55392272.7355.002.290.801.50
PhilippinesPSE 75471.4380.001.490.011.48
IndiaNSE 70482570.0051.022.641.221.41
FrancePARIS 48291864.5858.061.750.371.39
South KoreaKOSDAQ 61462275.4147.832.861.531.33
GermanyXETRA 157945664.9754.901.850.541.31
USNYSE 2961868764.5345.552.361.121.24
IndiaBSE 60392366.6757.503.191.971.22
ItalyMILAN 69493375.3663.462.000.981.02
TaiwanTPEx 2413654.1746.151.800.890.91
MalaysiaBURSA MALAYSIA 116554.5583.330.750.080.66
ThailandSET 96266.6733.332.201.550.65
DenmarkOMX COPENHAGEN 106260.0033.332.131.590.54
TurkeyBIST 3019963.3347.373.082.550.53
JapanTSE 2231487167.2647.331.480.970.51
SwitzerlandSIX 3023976.6739.131.921.440.48
Vietnam HNX 1000.000.000.000.000.00
PakistanPSX 116354.5550.001.081.22-0.14
SpainBME 52140.0050.000.100.27-0.17
NorwayOSE 135238.4640.002.572.80-0.22
IndonesiaIDX 54280.0050.000.290.61-0.32
USAMEX 4520346.6714.291.262.10-0.84
SingaporeSGX 84150.0025.000.031.26-1.23
Vietnam HOSE 122016.670.000.001.36-1.36
UKLSE 111652962.1642.030.912.28-1.36
IsraelTASE 2016585.0029.410.792.41-1.62
Greece ATHEX 42050.000.000.001.99-1.99
ChileBCS 110100.000.000.002.68-2.68
Patterns Total: The number of occurrences of this particular pattern during the specified period.
Confirmed Total: The number of detected patterns that were confirmed and converted into signals.
Profitable Signals: The number of confirmed patterns that resulted in profitable trades.
Confirmation %: The percentage of confirmed patterns relative to the total occurrences of this pattern.
Profitable Signal %: The percentage of successful confirmed patterns relative to the total confirmed patterns.
Per Trade Profit %: Total Profits divided by Total Trades.
Per Trade Loss %: Total Losses divided by Total Trades.
Per Trade Net%: (Total Profits minus Total Losses) divided by the Total Number of Trades.
Samples: Live sample ticker symbols from stock exchanges, with links to the related bulls.com© family websites’ stock pages.

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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