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This reversal pattern has a long black candlestick gapping below the first day.


For a bullish breakaway, the next two days are a continuation in the same direction with lower closes. The last day is a long white candlestick, closing the gap between the first and second days.


The pattern is an indication of a stock gapping down, and although the movement downwards continues, it slows down. The long white candlestick perhaps being a signal of a possible reversal. Confirmation comes if the declining volume of the three middle days have a pickup in volume on the white day.


The opposite forms a bearish breakaway.


Market Opinion


Reversal, possibly to the upside, moderately bullish.

Reversal, possibly to the downside, moderately bearish.




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