Breakaway

The Bearish Breakaway is a five-line bearish reversal pattern introduced as a counterpart to the Bullish Breakaway.

Similar to the bullish variant, a price gap is formed between the first and second lines. The fifth and final line represents a trend breakout formed by a long black candlestick. The opening price is lower than the previous closing price, but the candlestick closes above the closing price of the first line and the gap is not covered. The pattern requires confirmation and one of the following candles should fill the price gap.

The Bearish Breakaway appears very rarely on the charts.