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Breakaway

Breakaway

Breakaway is a trend reversal candlestick pattern made up of 5 candles.

The bearish Breakaway:

  • The 1st bar is long and bullish and continues the uptrend;

  • The 2nd bar is bullish and gaps up from the 1st one;

  • The 3rd and the 4th bars have consecutively higher Close prices, the 4th bar is necessarily bullish;

  • The 5th bar is long and bearish; its Close price is in the gap between the 1st and the 2nd bars.

The bullish Breakaway:

  • The 1st bar is long and bearish and continues the downtrend;

  • The 2nd bar is bearish and gaps down from the 1st one;

  • The 3rd and the 4th bars have consecutively lower Close prices, the 4th bar is necessarily bearish;

  • The 5th bar is long and bullish; its Close price is in the gap between the 1st and the 2nd bars.

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