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All Patterns Flashcard Game
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Bullish Breakaway Candlestick Pattern
| This pattern signals a potential trend |
Reversal
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| How to identify |
- 1st day is a long red day.
- 2nd day is a red day whose body gaps down.
- 3rd & 4th days close lower each day.
- 5th day is a long white day that closes inside the gap created by the 1st and 2nd days.
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| Similar pattern(s) |
» Bullish Ladder Bottom
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| 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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