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Concealing Baby Swallow Bullish
Trend: Bullish
Reliability: High
How to Identify it
- The first two days are Black Marubozu days
- The third day is black day that gaps downward, but trades into the body of the second day
- The fourth day is a Black Marubozu day that engulfs the third day
What it Means
In a strong downtrend, highlighted by two consecutive Black Marubozu days, a gapping black day trades into the body of the previous day. The last day, another Black Marubozu, shows investors selling off, as it closes at a new low. This provides an opening for the shorts to cover their positions. A bullish reversal should ensue.
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