Chandeliers
Concealing Baby Swallow
The Concealing Baby Swallow is a bullish reversal pattern represented by four candles. The first two are bearish Marubozus, which are candles with a long body and short wicks. The third candle increases and eats into the body of the previous one, to close near the prior low. The last candle totally engulfs the third one and closes above its maximum. The theory behind this pattern is that during a downtrend, the bulls respond quickly to two very bearish candles. After the first two decreasing candles, the demand rejects further falls and responds with a large bullish candle that, likely, could initiate a new uptrend. Due to this pattern usually leads to bullish trend reversals, it can be added to a trading strategy as a buy trigger. Once the system spots it, it will give a buy signal.
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