Breakaway

The Bullish Breakaway is a five-line bullish reversal pattern, the counterpart of the Bearish Breakaway.

Similar to the bearish 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 white candlestick. The opening price is higher than the previous closing price, but the candlestick closes below 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 Bullish Breakaway appears very rarely on the charts.