As of 11/20/2024
Indus: 43,408 +139.53 +0.3%
Trans: 17,002 -26.31 -0.2%
Utils: 1,055 +1.25 +0.1%
Nasdaq: 18,966 -21.33 -0.1%
S&P 500: 5,917 +0.13 +0.0%
|
YTD
+15.2%
+6.9%
+19.7%
+26.3%
+24.1%
|
 46,000 or 43,000 by 12/01/202418,000 or 16,600 by 12/01/20241,075 or 1,000 by 12/01/202420,000 or 18,400 by 12/01/20246,100 or 5,800 by 12/01/2024 |
As of 11/20/2024
Indus: 43,408 +139.53 +0.3%
Trans: 17,002 -26.31 -0.2%
Utils: 1,055 +1.25 +0.1%
Nasdaq: 18,966 -21.33 -0.1%
S&P 500: 5,917 +0.13 +0.0%
|
YTD
+15.2%
+6.9%
+19.7%
+26.3%
+24.1%
| |
|
46,000 or 43,000 by 12/01/202418,000 or 16,600 by 12/01/20241,075 or 1,000 by 12/01/202420,000 or 18,400 by 12/01/20246,100 or 5,800 by 12/01/2024 | ||
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Encyclopedia of Candlestick Charts
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The concealing baby swallow candlestick is so rare that I found only 4 of them out of over 4.7 million candle lines. That was not enough samples to justify including statistics in my Encyclopedia of Candlestick Charts book. Thus, this candlestick is probably one you can ignore because you will see only a handful in your lifetime.
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Theoretical performance: Bullish reversal
Tested performance: Bearish continuation 75% of the time
Frequency rank: 103
Overall performance rank: 101
Best percentage meeting price target: 67% (bull market, down breakout)
Best average move in 10 days: -7.10% (bull market, down breakout)
Best 10-day performance rank: 3 (bull market, down breakout)
All ranks are out of 103 candlestick patterns with the top performer ranking 1. "Best" means the highest rated of the four combinations of bull/bear market, up/down breakouts. The above numbers are based on hundreds of perfect trades. See the glossary for definitions. |
Concealing Baby Swallow
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As I mentioned, I found just four concealing baby swallow candlestick patterns when I researched my Encyclopedia of Candlestick Charts book, so there is not much to tell. The pattern is supposed to be a bullish reversal, but I found it acts as a bearish continuation 75% of the time. The frequency rank is dead last, at 103, and the overall performance rank is almost as bad: 101 where 1 is best. The reason for the poor performance is because the measure uses four categories and I only found concealing baby swallow candles in two of them, so zeros were added in. That hurt performance.
The move 10 days after a breakout shows price dropping 7.10% in a bull market. I consider anything above 6% to be good, so this is excellent. The performance ranks 3rd, which is almost the best seen (a rank of 1).
| Characteristic | Discussion |
| Number of candle lines | Four. |
| Price trend leading to the pattern | Downward. |
| Configuration | Look for four black candles. The first two are long black marubozu candles followed the next day by a candle with a tall upper shadow. The candle gaps open downward but price trades into the body of the prior day. The last candle engulfs the prior day, including the shadows (a higher high and lower low than the prior day). |
The chart shows a concealing baby swallow candlestick, circled in red, on the daily scale. All four candles are black with the first two being tall black marubozu candles. The next day, price gaps open lower, but climbs into the body of the prior day before closing down for the day. The next day has a high price that meets or exceeds the prior day's high and a lower low. The price trend leading to the concealing baby swallow is downward and so is the breakout. This candle acts as a continuation of the downward price trend.
-- Thomas Bulkowski
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