Candlestick Patterns
Breakaway Bearish
The Breakaway Bearish is a bearish reversal pattern represented by five candles. The first four candles are increasing. The first one has a long body and is followed by three consecutive smaller candles. The last candle starts a downward movement and engulfs the previous three increasing candles. This pattern represents a trend break. The first candle has a long increasing body, so the demand is still very present in the market. However, the next three candles are still increasing but have shorter bodies, which indicates that the trend’s strength is reducing. Finally, the supply pushes heavily the price down with a long decreasing candle. The last candle begins a new bearish trend. Therefore, this pattern anticipates price falls and would provide a sell signal.
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