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Breakaway

High profit candlestick patterns Here we will cover the well-known candlestick patterns for informational purposes only. The schematics on the left show how it may look in the real chart. Every pattern has a funny name and brief description. Important to note, a reversal pattern does not necessarily result in complete trend reversal, but a minor change or pause in price action. Bullish reversal patterns This category of candlestick patterns signals a potential trend reversal from bearish to bullish. Before a pattern appears, you should identify a short-term downtrend. We will talk about trend definition later in Breakaway Long bearish candlestick is followed by a gap. The next three consecutive bearish candlesticks make new lows. Suddenly, a long bullish candlestick appears and closes inside the gap between the first two candlesticks.

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Breakaway| 11 Jul 2018
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