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.
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.
Pattern Performance in Stock Exchanges since 1/1/2016
Stock Exchange 
Per Trade 
Total Net% Descending
Poland GPW 51120.00100.0037.000.0037.00
TaiwanTWSE 61116.67100.0015.000.0015.00
USPREFERRED 31133.33100.
SwedenSTOCKHOLM 41125.00100.
IndiaBSE 53141026.4271.436.431.005.43
USNASDAQ 61116.67100.
NetherlandsAMSTERDAM 222100.00100.
SwitzerlandSIX 111100.00100.
USNYSE 84350.0075.003.500.253.25
MalaysiaBURSA 42150.0050.002.500.502.00
The World 282804328.3753.752.851.231.63
FrancePARIS 61116.67100.
ItalyBORSA 92222.22100.
IndiaNSE 317422.5857.141.140.710.43
JapanTOKYO 135238.4640.000.800.400.40
UKLSE 2410441.6740.001.401.400.00
Vietnam HOSE 1000.
AustraliaASX 21150.00100.
ArgentinaBUE 31033.330.
CanadaTSX-V 1000.
ChinaSSE 1000.
IsraelTASE 72128.5750.000.500.500.00
IndonesiaIDX 2000.
Hong KongHKEX 72128.5750.
Greece ATHENS 1000.
SpainIBEX 1000.
GermanyXETRA 72128.5750.000.500.500.00
PakistanKSE 3000.
PhilippinesPSE 21050.
RussiaMICEX 1000.
TurkeyBIST 1000.
ThailandSET 1000.
MexicoBMV 2000.
EgyptEGX 111100.00100.
South KoreaKOSDAQ 41125.00100.
NorwayOSE 61016.670.000.001.00-1.00
TaiwanGTSM 41025.
USAMEX 63050.
ChinaSZSE 110100.
CanadaTSX 93133.3333.330.333.00-2.67
South KoreaKRX 72028.570.000.003.00-3.00
BangladeshDSE 81012.500.000.004.00-4.00
BrazilBOVESPA 41025.000.000.0010.00-10.00
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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