How to identify

1.   An uptrend is under way 2.   The first day is a long white day 3.   The second day is a white day that gaps above the first day 4.   The third and fourth days continue in the direction of the second with higher consecutive closes 5.   The fifth day is a long black day that closes inside the gap caused by the first and second days

The Breakaway bear pattern involves a gap in the direction of the trend followed by three consecutively higher price days. The trend has accelerated with a big gap and then starts to fizzle, but it still moves in the same direction. The slow deterioration of the trend is quite evident from this pattern. Finally, a burst in the opposite direction completely recovers the previous three days' price action. What causes the reversal implication is that the gap has not been filled. A short-term reversal has taken place.

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