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http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=4102
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INTRODUCTION
BASIC CANDLESTICKS
BULLISH PATTERNS
BEARISH PATTERNS
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 days 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 days trading range. The fourth black day
makes a new low and engulfs the trading range of the third day completely.
Traders 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.
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Stock Exchange
Website
Portugal
LISBON
Portuguesebulls
100.00
100.00
50.00
0.00
50.00
US
PREFERRED
Americanbulls
100.00
100.00
9.00
0.00
9.00
Japan
TOKYO
Japanesebulls
16.67
100.00
4.00
0.00
4.00
Hong Kong
HKEX
HongKongbulls
20.00
100.00
4.00
0.00
4.00
India
BSE
Hindustanbulls
45
12
10
26.67
83.33
4.00
0.83
3.17
France
PARIS
Francaisbulls
50.00
100.00
2.67
0.00
2.67
182
49
34
26.92
69.39
3.20
0.69
2.51
24
12.50
100.00
2.00
0.00
2.00
The World
India
NSE
Hindustanbulls
Profit%
Per Trade
Country
Loss%
Total Net%
Samples
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2 of 3
US
OTC PINK
Americanbulls
UK
LSE
South Korea
http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=4102
50.00
100.00
2.00
0.00
2.00
Britishbulls
18
44.44
37.50
1.88
0.75
1.13
KOSDAQ
Koreanbulls
25.00
100.00
1.00
0.00
1.00
Germany
XETRA
Deutschebulls
33.33
50.00
1.00
0.50
0.50
Italy
BORSA
Italianbulls
57.14
75.00
1.00
0.50
0.50
Taiwan
GTSM
Taiwanesebulls
50.00
50.00
1.00
0.50
0.50
Taiwan
TWSE
Taiwanesebulls
0.00
0.00
0.00
0.00
0.00
Singapore
SGX
Singaporebulls
0.00
0.00
0.00
0.00
0.00
Russia
MICEX
Russianbulls
0.00
0.00
0.00
0.00
0.00
Malaysia
BURSA
Malaysianbulls
0.00
0.00
0.00
0.00
0.00
Mexico
BMV
Mexicanobulls
0.00
0.00
0.00
0.00
0.00
US
NYSE
Americanbulls
50.00
50.00
0.50
0.50
0.00
US
NASDAQ
Americanbulls
50.00
100.00
0.00
0.00
0.00
Israel
TASE
Israelibulls
0.00
0.00
0.00
0.00
0.00
Indonesia
IDX
Indonesianbulls
0.00
0.00
0.00
0.00
0.00
South Korea
KRX
Koreanbulls
0.00
0.00
0.00
0.00
0.00
China
SZSE
Chinesebulls
0.00
0.00
0.00
0.00
0.00
Canada
TSX
Canadabulls
0.00
0.00
0.00
0.00
0.00
Canada
TSX-V
Canadabulls
0.00
0.00
0.00
0.00
0.00
Australia
ASX
Aussiebulls
33.33
100.00
0.00
0.00
0.00
Greece
ATHENS
Greecebulls
0.00
0.00
0.00
0.00
0.00
Spain
IBEX
Espanolbulls
0.00
0.00
0.00
0.00
0.00
Norway
OSE
Norskbulls
50.00
0.00
0.00
1.00
-1.00
Sweden
STOCKHOLM
Swedishbulls
25.00
0.00
0.00
1.00
-1.00
Brazil
BOVESPA
Brasilbulls
33.33
0.00
0.00
5.50
-5.50
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 ProfitsTotal 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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http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=4102
Disclaimers:
Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for
profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully
consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk
capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or
recommendations are for educational or informational purposes only.
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26-Jun-16 2:00 PM