Candle Stick pattern : Abandoned Baby

[Md Mizanur Rahman]

The bullish abandoned baby reversal pattern appears at the low of a downtrend, after a series of black candles print lower lows. The market gaps lower on the next bar but fresh sellers fail to appear, yielding a narrow range doji candlestick with opening and closing prints at the same price. A bullish gap on the third bar completes the pattern, which predicts the recovery will continue to even higher highs, perhaps triggering a broader scale uptrend. According to Bulkowski, this pattern predicts higher prices with a 70% accuracy rate.

 

[ang chye]

thanks for sharing

 

[Andrea]

thanks for sharing

 

[axl]

interesting

 

[mramru]

I use this pattern commonly

 

[rakeshld]

some time any not work when your luck are bad...

 

[Greg1983]

The bullish abandoned baby reversal pattern appears at the low of a downtrend, after a series of black candles print lower lows. The market gaps lower on the next bar but fresh sellers fail to appear, yielding a narrow range doji candlestick with opening and closing prints at the same price. A bullish gap on the third bar completes the pattern, which predicts the recovery will continue to even higher highs, perhaps triggering a broader scale uptrend. According to Bulkowski, this pattern predicts higher prices with a 70% accuracy rate.

Awesome thank you so much can’t wait to look into this

 

[jeff994fire86]

This is worth looking at. Interesting info,