Abandoned Baby is a trend reversal candlestick pattern consisting of three candles. Depending on their heights and collocation, a bullish or a bearish trend reversal can be predicted.
The bearish trend reversal Abandoned Baby is recognized if:
The first candle is long and bullish and continues the uptrend;
The second candle is Doji gapping up from the first candle;
The third candle is bearish and gaps down from the second candle.
The bullish trend reversal Abandoned Baby is recognized if:
The first candle is long and bearish and continues the downtrend;
The second candle is Doji gapping down from the first candle;
The third candle is bullish and gaps up from the second candle.
||The number of candles used to calculate the average body height. If the body height of a candle exceeds this average, it is considered long.|
||The number of preceding candles to check if the trend exists.|
||The bearish Abandoned Baby candlestick pattern.|
||The bullish Abandoned Baby candlestick pattern.|