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Money Doesn’t Come Without Guidence ...

Abandoned baby morning star

DEFINITION of 'Bullish Abandoned Baby'

A type of candlestick pattern that is used by traders to signal a reversal in the current trend. This pattern is formed by three distinct candlesticks that show the following characteristics:

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 last bar is a large white candle that opens above the second bar and is used to show the change in trader sentiment.

As you can see from the chart below, the pattern is a charting signal that the downtrend is about to reverse.



Read more: Bullish Abandoned Baby http://www.investopedia.com/terms/b/bullish-abandoned-baby.asp#ixzz4m6ptQmTh