The bullish breakaway is a rare candlestick pattern. The first candlestick in the formation is a long black (red) candlestick that closes near its low. The second candlestick is a red candlestick that gaps down and the body of the candlestick is in the direction of the trend. The third and fourth candlesticks continue in the direction of the trend, but they have smaller bodies relative to recent candlesticks. The fifth and final candlestick is a long white (green) candlestick that closes inside of the gap between the first and second candle. Traders should wait for the high of the fifth candlestick of the breakaway pattern to be broken prior to taking any long positions.
