Bullish Breakaway Candlestick Pattern:

Bullish Breakaway Candlestcik Pattern

Type :  Reversal
Direction : Bullish
Prior Trend : Bearish
Reliability : Medium

Bullish Break Candlestick Pattern is a medium reliable reversal pattern. It consists of five candlestick body where the first one is strong bearish candlestick but the second, third and fourth are weak bearish candlesticks. The fifth candlestick is a strong bullish candlestick.

How to recognize bullish breakaway candlestick pattern:

1) This pattern consists of five candlseticks.
2) The first candlestick is a strong bearish candlestick.
3) Second, third and fourth candlesticks are also bearish candlesticks with lower closes but weaker than the first bearish candlestick.
4) Fifth candlestick is a strong bullish candlestick that closes into the body of the first or second bearish candlesticks.

Important Factors:

This is a medium bulliish candlestick pattern so always use some other indicators or confimation before you enter the trade.