Breakaway, If a trend has been evident, the breakaway pattern, whether bullish or bearish initially indicates the acceleration of that trend.
ADDITIONAL INFO
Bullish Breakaway Signal: Bullish Pattern: Reversal Reliability: Medium Identification There is a downtrend but we also see that the prices bottom out and level off now. The result is a long white candlestick that however does not close the initial downward gap of the first and second days. This suggests a short-term reversal. Bearish Breakaway Signal: Bearish Pattern: Reversal Reliability: Medium Identification We see this pattern during an uptrend marked with a bullish surge that eventually weakens. This weakening is illustrated by a long black candlestick that is unable to close the gap into the body of the first day. These events warn us about a short-term reversal.
