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Bullish Concealing Baby Swallow Candlestick Pattern
| This pattern signals a potential trend |
Reversal
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| How to identify |
- 1st two days are red Marubozu days.
- 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.
- 4th day is red and completely engulfs the 3rd day.
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| Similar pattern(s) |
» Bearish Three Black Crows
» Bullish Ladder Bottom
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| 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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