Abandoned Baby Bullish
The bullish abandoned baby is a three-candlestick reversal pattern that occurs after a downtrend. It is made up of a long bearish candle, a doji candle, and a bullish candle. The doji candle indicates indecision in the market, while the bullish candle confirms that the bulls are in control and the price is moving higher.
Here are some tips for trading the bullish abandoned baby pattern:
- Look for the pattern to form after a strong downtrend.
- The doji candle should be small.
- The bullish candle should open above the doji candle and close above the body of the first candle.
The bullish abandoned baby pattern is a relatively rare pattern, but it can be a reliable signal of a trend reversal. Traders who are looking to buy the market should watch for this pattern to form.