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Breakaway Bullish


Pattern: Reversal
Trend: Bullish
Reliability: Moderate

How to Identify it

  • The first day is a long black day
  • The second day is a black day that gaps below the first day
  • The third and fourth days continue to in the direction of the second with lower consecutive closes
  • The fifth day is a long white day that closes into the gap between the first and second days

What it Means

A downtrend sees prices bottoming out and leveling off. The result is a long white day which does not close the gap into the body of the first day. This suggests a short term reversal.



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