Abandoned Baby is a trend reversal candlestick pattern made
up of 3 bars.It can be considered as reversal signal in the current
trend.
The bearish trend reversal Abandoned Baby:
-
The 1st bar is long and bullish and continues the uptrend;
-
The 2nd bar is Doji gapping up from the 1st bar;
-
The 3rd bar is bearish and gaps down from the 2nd bar.
|
The bullish trend reversal Abandoned Baby:
-
The 1st bar is long and bearish and continues the downtrend;
-
The 2nd bar is Doji gapping down from the 1st bar;
-
The 3rd bar is bullish and gaps up from the 2nd bar.
|
We use our proprietary data-mining algorithm to capture specific price
movement and pattern performance.
Under certain circumstances, a Bullish pattern can also perform as a Bearish
pattern, and a reversal pattern can be changed into a continuation pattern.
If you want to find out the
performance of this pattern in real market, not in theory, our data mining results
are your must have reference.
The following pictures are taken
from our Candlestick Pattern Indicator (Thinorswim version).
No comments:
Post a Comment