The bullish breakaway is a 5 candle pattern. You can tell because it has an almost curve like pattern leading to the decline followed by a green bullish candle which breaks up .
The pattern starts off with a larger bearish candle down followed by bearish candles which become smaller in size then followed by a larger green breakout candle
Mycotoxin What you taking about ? that 5 red candles not 4 and there is no larger bearish candle ?
===================================
The eagle eyed trader will notice that there's 5 candles on this graph not 4 ?
and there's no larger bearish candle ?
Switching to the 8Day candle will show the large bearish candle and the 4 candle setup leading to the bullish breakaway breakout
as seen in the graph below
below is another example of the Bullish breakaway , but this time its on LINK
The pattern starts off with a larger bearish candle down followed by bearish candles which become smaller in size then followed by a larger green breakout candle
Mycotoxin What you taking about ? that 5 red candles not 4 and there is no larger bearish candle ?
===================================
The eagle eyed trader will notice that there's 5 candles on this graph not 4 ?
and there's no larger bearish candle ?
Switching to the 8Day candle will show the large bearish candle and the 4 candle setup leading to the bullish breakaway breakout
as seen in the graph below
below is another example of the Bullish breakaway , but this time its on LINK
Note
More Edumaction info on the bullish breakaway at the link below - thepatternsite.com/BullBreakaway.html
Note
As always nothing is guaranteed in trading so take this with a grain of salt and always DYOR.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.