Candlestick Patterns
Abandoned Baby Bullish
The Abandoned Baby Bullish is a bullish reversal pattern represented by three candles. The first candle has a long body and downward movement. The middle one is a Doji, followed by a candle with a long body and a upward movement. As suggested by the first decreasing candle, the price is in a downward trend. The next one is a Doji, commonly known for its indecision component, usually appears at the end of bearish and bullish trends and initiate a new trend. Finally, with the last increasing candle, the bulls take over and kick off the trend reversal. Normally, this pattern leads to an upward trend reversal. Therefore, if selected in your strategy, it will be interpreted as a bullish sign and generate a buy signal.
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