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Bearish Weak breakout is a bearish Renko reversal pattern.
After a swing breakout (A), if the price fails to form more than two bullish bricks (B) and instead moves below swing breakout brick (C), it is a bearish weak breakout pattern.
It offers a bearish reversal trade opportunity with the affordable risk.
Prashant Shah introduced this pattern in his book on Renko charts.
Click here to know more about the pattern.
This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.