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Bullish Breakaway

DailyWeekly
Last Day: 0 Last Week: 0
Last 10 Days: 2 Last 10 Weeks: 0

Bullish Breakaway

This pattern signals
a potential trend...
How to identify...Similar pattern(s)...
Reversal
  1. 1st day is a long red day.

  2. 2nd day is a red day whose body gaps down.

  3. 3rd & 4th days close lower each day.

  4. 5th day is a long white day that closes inside the gap created by the 1st and 2nd days.
Bullish Ladder Bottom


Psychology...
The down trend is accelerated by a gap down. The next few days trend down, however start to run out of steam. The last day of the pattern shows a breakout and close above the previous 3 days, however the gap created on the 1st day remains unfilled. Since the gap is not filled and the trend is obviously deteriorating, this implies the reversal signal.


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