Abandoned Baby
Abandoned Baby is a trend reversal candlestick pattern composed of three candles. Depending on their heights and placement, a bullish or bearish trend reversal can be predicted.
The Abandoned Baby bearish trend reversal is recognized if:
The first candlestick is long and bullish and continues the bullish trend;
The second candlestick is Doji which gaps up from the first candlestick;
The third candlestick is bearish and gaps down from the second candlestick.
Last modified: 13 December 2024