Sign Up
Enter Symbol
Lookup Patterns
Popular tickers today...

6-Pack Charts


Official PayPal Seal

As Seen In...


The Complete Guide to Using Candlestick Charting: How to Earn High Rates of Return safely
   All Patterns   Flashcard Game Home Page   Search HotCandlestick.com  

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
Daily ChartWeekly Chart
Last Day: 0 Last Week: 0
Last 10 Days: 0 Last 10 Weeks: 0




Home   Disclaimer   Privacy   Contact

Copyright 2001-2019, All rights reserved.
HotCandlestick.com, LLC