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Bullish Concealing Baby Swallow


This pattern signals a potential trend...

Reversal


How to identify...
  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.
Similar pattern(s)...

» 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.



Recent Scan Results...
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