BULLISH CONCEALING BABY SWALLOW
The chart showing Series 1 series.
To see the performance of the pattern in your stock exchange in the context of other stock markets please examine the table below. Find your stock market there and see how it ranks among the others. This will give you an idea about the pattern’s strength and reliability and help you in your buying decisions.
BULLISH CONCEALING BABY SWALLOW
Definition
This is a pattern formed by four black candlesticks. After two falling Black Marubozu days, a short down day engulfed by a fourth black day shows that the downtrend has eroded significantly, despite the final close is at a new low.
Recognition Criteria
1. Two falling Black Marubozu days at the beginning confirms the downtrend.
2. The third day is a short black with downside gap. However, this day trades into the previous day’s body, producing a long upper shadow.
3. The fourth black day completely engulfs the third day including the shadow.
Pattern Requirements and Flexibility
The first two days of the Bullish Concealing Baby Swallow are types of Black Marubozu. The third day is a short black candlestick with an upper shadow that extends into the previous day’s trading range. The fourth black day makes a new low and engulfs the trading range of the third day completely.
Trader’s Behavior
Two black Marubozu show that downtrend is continuing to the satisfaction of the bears. On the third day, we see a downward gap further confirming the downtrend. However, prices on the third day start going above the close of the previous day causing some doubts about the bearish direction even though the day closes at or near its low. The next day shows us a significantly higher gap in the opening. After the opening, however, prices again go down closing at a new low. This last day may be interpreted as a good chance for the short-sellers to cover their short positions. An upside reversal still requires confirmation with a white candlestick.
Buy/Stop Loss Levels
The confirmation level is defined as the midpoint of the previous short black body. Prices should cross above this level for confirmation.

The stop loss level is defined as the lower of the last two lows. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered.
Title
Pattern Performance in Stock Exchanges since 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
IndiaBSE 3010933.3390.009.300.109.20
USPREFERRED 21150.00100.009.000.009.00
SwitzerlandSIX 111100.00100.004.000.004.00
Hong KongHKEX 41125.00100.004.000.004.00
USNYSE 84350.0075.003.500.253.25
FrancePARIS 42250.00100.003.000.003.00
The World 161483329.8168.753.330.602.73
CanadaTSX 71114.29100.002.000.002.00
IndiaNSE 173217.6566.671.330.001.33
EgyptEGX 111100.00100.001.000.001.00
South KoreaKOSDAQ 41125.00100.001.000.001.00
USAMEX 111100.00100.001.000.001.00
ItalyBORSA 62233.33100.001.000.001.00
GermanyXETRA 52140.0050.001.000.500.50
UKLSE 2310443.4840.001.601.300.30
IsraelTASE 1000.000.000.000.000.00
IndonesiaIDX 2000.000.000.000.000.00
Greece ATHENS 1000.000.000.000.000.00
AustraliaASX 31133.33100.000.000.000.00
CanadaTSX-V 2000.000.000.000.000.00
ChinaSSE 1000.000.000.000.000.00
SpainIBEX 1000.000.000.000.000.00
TaiwanTWSE 5000.000.000.000.000.00
SingaporeSGX 1000.000.000.000.000.00
SwedenSTOCKHOLM 3000.000.000.000.000.00
MalaysiaBURSA 1000.000.000.000.000.00
MexicoBMV 1000.000.000.000.000.00
USNASDAQ 31133.33100.000.000.000.00
South KoreaKRX 3000.000.000.000.000.00
NorwayOSE 31033.330.000.001.00-1.00
TaiwanGTSM 31033.330.000.001.00-1.00
JapanTOKYO 62033.330.000.001.00-1.00
BrazilBOVESPA 41025.000.000.009.00-9.00
Patterns Total: How many of this particular pattern has been detected in this period
Confirmed Total: How many of the detected patterns were confirmed and converted into signals
Profitable Signals: The number of the confirmed patterns that have given profitable trades
Confirmation %: The percentage of the confirmed patterns with respect to the total occurrences of this pattern
Profitable Signal %: The percentage of the successful confirmed patterns with respect to the total confirmed patterns
Per Trade Profit %: Total Profits / Total Trades
Per Trade Loss %: Total Losses / Total Trades
Per Trade Net%: (Total Profits–Total Losses) / Total Number of Trades
Samples: Live sample ticker symbols from stock exchanges with links to stock pages of the related bulls.com© family websites
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