Abandoned baby is a family of Morning star and Evening star patterns. It is very similar
as the Doji star. Abandoned bady is classified into two types :
Bullish Abandoned baby and Bearish Abandoned baby.
Bullish Abandoned baby is occurs at the bottom of downtrend. It is composed of the first day Long black candlestick, the second day candlestick is appears as doji, followed by Long white candlestick. The difference between Morning Doji star and Bullish Abandoned baby is that the upper shadow of the doji is gap below the lower shadows of the first and third days candlesticks. Bullish Abandoned baby give a buy signal.
Bearish Abandoned baby is occurs at the top of uptrend. It is composed of the first day Long white candlestick which indicates the prior trend, the second day candlestick is in doji pattern, followed by Long black candlestick. The difference with the Evening Doji star is that the lower shadow of the doji is gap above the upper shadows of the first and third days candlesticks. Bearish Abandoned baby give a sell signal.
Important Criteria :
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