Get App
Moneycontrol

Co-Partners

Associate Partners

YOU ARE HERE > Moneycontrol > Technicals > Glossary

Technicals

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

What is Abandoned Baby Top: Bearish Reversal Pattern?

Abandoned Baby Top is a bearish reversal pattern, which is composed of a doji star, gaping away (including its shadow) from the previous and following candles. This pattern is seen in an uptrend. On first day, a long white candle is seen. On second day, a doji appears, which gaps above the high of previous day candle. On third day, a black candle appears opening gap down. This pattern is similar to three bar reversal pattern.

Impact post Pattern: Declines after abandoned baby top comes in the market very fast, since the ones holding long positions will sell their positions to book profits.

Other Sections
Sections
Follow us on
Available On
PCI DSS Compliant