Candlestick Patterns
Breakaway Bullish
The Breakaway bullish is a bullish reversal pattern represented by five candles. The first four candles are decreasing. The first one has a long body and is followed by three consecutive smaller candles. The last candle starts an upward movement and its size covers the previous three decreasing candles. This pattern represents a trend break. The first candle has a long decreasing body, so the supply is still very present in the market. However, the next three candles are decreasing but have shorter bodies, which indicates that the trend’s strength is reducing. Finally, the demand pushes heavily the price up with a long increasing candle. Usually, the last candle begins a new bullish trend. Therefore, the Breakaway bullish anticipates price rises and would provide a buy signal if selected in the strategy.
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