Term: ABANDONED BABY

A rare candlestick pattern which can indicate either a new bullish or a new bearish trend. A bullish abandoned baby pattern occurs where there is a long red candle, representing bearish sentiment, at the end of an established downtrend which is then followed by a lower doji formation and finally a strong upward candle where the open is higher than any point in the previous day’s doji. The bearish abandoned baby pattern is the opposite.

Abandoned Baby

Bullish Abandoned Baby Candlestick Formation

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