Candlesticker, BEARISH BREAKAWAY PATTERN.

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http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=5201

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INTRODUCTION

BASIC CANDLESTICKS

BULLISH PATTERNS

BEARISH PATTERNS

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
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 patterns strength
and reliability and help you in your selling decisions.

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Plan

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.
Traders 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 days 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.

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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 1/1/2013

Patterns
Total

Confirmed
Total

Profitable
Signals

Confirmation
%

Profitable
Signal%

Profit%

Per Trade

Country

Stock Exchange

Website

Loss%

Total Net%

Samples

Australia

ASX

Aussiebulls

18

33.33

100.00

6.83

0.00

6.83

India

NSE

Hindustanbulls

19

15

11

78.95

73.33

6.40

0.13

6.27

Turkey

BIST

Turkishbulls

10

70.00

71.43

6.86

0.86

6.00

FOREX

FOREX

100.00

100.00

6.00

0.00

6.00

Taiwan

GTSM

Taiwanesebulls

13

10

76.92

90.00

5.70

0.30

5.40

Taiwan

TWSE

Taiwanesebulls

15

53.33

62.50

5.75

0.50

5.25

Saudi Arabia

TADAWUL

Middleeastbulls

100.00

100.00

5.00

0.00

5.00

Greece

ATHENS

Greecebulls

100.00

100.00

5.00

0.00

5.00

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US

AMEX

Americanbulls

77.78

85.71

5.43

0.43

5.00

India

BSE

Hindustanbulls

22

14

63.64

50.00

6.14

1.43

4.71

Egypt

EGX

Middleeastbulls

100.00

100.00

4.67

0.00

4.67

Sweden

STOCKHOLM

Swedishbulls

10

80.00

87.50

4.75

0.13

4.63

UK

LSE

Britishbulls

27

16

11

59.26

68.75

4.50

0.44

4.06

Hong Kong

HKEX

HongKongbulls

22

15

68.18

53.33

3.60

0.53

3.07

South Korea

KRX

Koreanbulls

22

15

68.18

40.00

3.93

0.87

3.07

Norway

OSE

Norskbulls

50.00

100.00

3.00

0.00

3.00

China

SZSE

Chinesebulls

65

35

21

53.85

60.00

4.46

1.63

2.83

Italy

BORSA

Italianbulls

15

40.00

66.67

3.33

0.67

2.67

Japan

TOKYO

Japanesebulls

107

83

48

77.57

57.83

3.51

0.84

2.66

Indonesia

IDX

Indonesianbulls

66.67

50.00

3.00

0.50

2.50

887

571

333

64.37

58.32

3.24

0.86

2.38

100.00

66.67

2.33

0.33

2.00

160

103

56

64.38

54.37

2.72

0.76

1.96

The World
Russia

MICEX

Russianbulls

US

NYSE

Americanbulls

Switzerland

SIX

Swissbulls

77.78

71.43

1.71

0.14

1.57

US

PREFERRED

Americanbulls

66.67

100.00

1.50

0.00

1.50

South Korea

KOSDAQ

Koreanbulls

29

18

10

62.07

55.56

2.50

1.00

1.50

US

NASDAQ

Americanbulls

93

57

35

61.29

61.40

2.30

1.02

1.28

Germany

XETRA

Deutschebulls

23

14

60.87

64.29

1.64

0.43

1.21

US

OTC PINK

Americanbulls

19

15

78.95

33.33

2.93

1.80

1.13

China

SSE

Chinesebulls

29

15

51.72

53.33

2.67

1.53

1.13

US

AMEX

Americanbulls

100.00

100.00

1.00

0.00

1.00

Canada

TSX

Canadabulls

31

23

13

74.19

56.52

1.35

0.52

0.83

Spain

IBEX

Espanolbulls

66.67

100.00

0.50

0.00

0.50

France

PARIS

Francaisbulls

14

11

78.57

45.45

1.09

0.73

0.36

US

WARRANTS

Americanbulls

0.00

0.00

0.00

0.00

0.00

Turkey

BIST

Turkishbulls

0.00

0.00

0.00

0.00

0.00

Denmark

COPENHAGEN

Danskbulls

100.00

100.00

0.00

0.00

0.00

Canada

TSX-V

Canadabulls

0.00

0.00

0.00

0.00

0.00

Austria

WIENERBORSE

Austrianbulls

100.00

0.00

0.00

0.00

0.00

Argentina

BUE

Argentinianbulls

0.00

0.00

0.00

0.00

0.00

Netherlands

AMSTERDAM

Dutchbulls

0.00

0.00

0.00

0.00

0.00

Kuwait

KSE

Middleeastbulls

50.00

0.00

0.00

0.00

0.00

Israel

TASE

Israelibulls

100.00

50.00

0.00

0.50

-0.50

1043.HK

RLH

IRIX

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Mexico

BMV

Mexicanobulls

200.00

0.00

0.00

1.00

-1.00

UAE

UAE

Middleeastbulls

100.00

0.00

0.00

1.00

-1.00

Singapore

SGX

Singaporebulls

50.00

0.00

0.00

3.00

-3.00

Malaysia

BURSA

Malaysianbulls

50.00

0.00

0.00

4.00

-4.00

Brazil

BOVESPA

Brasilbulls

57.14

50.00

0.25

4.25

-4.00

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 ProfitsTotal 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

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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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26-Jun-16 2:12 PM