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Nikita (SEBI RA)

23rd Sep · SEBI-Registered Analyst

Breakaway Pattern – Major Trend Signal

📊 The Breakaway can be bullish or bearish depending on context. ✅ Formation (5 candles): Bullish Breakaway: 1 red + 3 mixed candles consolidating + final big green breakout upward. Bearish Breakaway: 1 green + 3 mixed candles consolidating + final big red breakdown downward. ✅ Meaning: Trend shift with strong momentum. 📌 Example: Market falls from 22,000 → 21,500, consolidates, then Breakaway green candle closes 21,800+ → bullish breakout begins.

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🧠 Rule: One of the stronger multi-candle signals when seen at support/resistance.

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