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