Candlestick Patterns
Abandoned Baby Bearish
The Abandoned Baby Bearish is a bearish reversal pattern represented by three candles. The first candle has a long body and upward movement. The middle one is a Doji, followed by a candle with a long body and a downward movement. As suggested by the first increasing candle, the price is in an upward 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 decreasing candle, the bears take over and kick off the trend reversal. Normally, this pattern leads to a downward trend reversal. Therefore, if selected in your strategy, it will be interpreted as a bearish sign and generate a sell signal.
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