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Bullish Concealing Baby Swallow

DailyWeekly
Last Day: 0 Last Week: 0
Last 10 Days: 0 Last 10 Weeks: 0

Bullish Concealing Baby Swallow

This pattern signals
a potential trend...
How to identify...Similar pattern(s)...
Reversal
  1. 1st two days are red Marubozu days.

  2. 3rd day is red and opens with a gap down as well as a long upper shadow that trades into the body of the 2nd day.

  3. 4th day is red and completely engulfs the 3rd day.
Bearish Three Black Crows

Bullish Ladder Bottom


Psychology...
The bears are in control for the 1st two days of this pattern. However, the high on the 3rd day trades above the close of the previous day. And, a strong upward opening gap appears the last day. Since the last day closes at a new low, then this is the perfect opportunity for shorts to cover their positions. Strong short covering should propel the price upward in the coming days.


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