Breakaway Bullish
How to
Identify it
- The first day is a
long black day
- The second day is a
black day that gaps below the first day
- The third and fourth
days continue to in the direction of the second with
lower consecutive closes
- The fifth day is a
long white day that closes into the gap between the
first and second days
What it
Means
A downtrend sees prices
bottoming out and leveling off. The result is a long white
day which does not close the gap into the body of the first
day. This suggests a short term reversal.
