GREY:BXEFF - Post by User
Post by
Snowhouseon May 30, 2018 7:06pm
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Post# 28102159
Bullish Abandoned Baby Candlestick Pattern Formation
Bullish Abandoned Baby Candlestick Pattern FormationInvestopedia Says:
1. The first bar is a large red candlestick located within a defined downtrend. 2. The second bar is a doji candle (open equal to the close) that gaps below the close of the first bar. 3. The third bar is a large white candle that opens above the second bar and is used to show the change in trader sentiment. The bullish abandoned baby is a rare, but reliable, candlestick pattern that is useful in alerting traders to a possible trend change to the upside. Although this pattern is usually dependable, the accuracy of the reversal signal is significantly improved when it is used in conjunction with other technical indicators such as the MACD and RSI to confirm the reversal.