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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

 

Description: Description: C:\avasaramworkspace\avasaramWeb\web\tutorials\candlesticks\Abandoned Baby_files\image001.jpg 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 
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