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

Hitachi Social Innovation

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.

FAQs:
Sections