Abandoned Baby

The Abandoned baby chart pattern looks like someone went for a drive, opened the door, dropped something off and drove away; cruel but hey someone else named it. As horrible as that sounds, when seen in a stock chart it’s a pattern, where first candle is any long candle. The second candle is a small candle (Doji). The second candle doesn’t overlap the first or third candle. The third candle is any long and bullish candle.

The abandoned baby is rare, but reliable, chart pattern which is used by traders as an indication of a possible trend change.

The abandoned baby can be used in either direction, bullish or bearish. The bullish abandoned baby has a bearish down trend, the abandoned baby, then a bullish candle right after. The reverse is there for the bearish abandoned baby.

Here is what it looks like:

Abandoned Baby
Abandoned Baby

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Author: ZitroStocks

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