Abandoned
Baby
Description
This
is a reversal pattern. It has a gap followed by a Doji followed by another gap
in the opposite direction.
This
rare bullish formation includes a first day long filled/black candlestick,
followed by a second day Doji that gaps below the low of the previous
candlestick, followed by a long white/empty candlestick that gaps above the
high of the Doji. It is not necessary to have further bullish confirmation.
The
formation can either be bearish or bullish.
Market
Opinion
Bearish
abandoned baby: bearish, lower prices ahead
Bullish
abandoned baby: bullish, higher prices ahead.
Pattern
