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Abandoned Baby Bottom: Bullish Reversal Pattern

Abandoned Baby Bottom is a bullish reversal pattern, which is composed of a doji star, gaping away (including its shadow) from the previous and following candles.

August 24, 2011 / 11:10 IST

Abandoned Baby Bottom is a bullish 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 a downtrend. On first day, a long black candle is seen. On second day, a doji appears, which gaps below the low of previous day candle. On third day, a white candle appears opening gap up. This pattern is similar to three bar reversal pattern.

Impact Post Pattern: Rally post this pattern will be fast as short sellers will be forced to cover fast.

 

first published: Aug 18, 2011 05:11 pm

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