Bearish Abandoned Baby
A bearish abandoned baby is a type of candlestick pattern that is used in technical analysis to predict a bearish reversal in the market. The pattern consists of three candlesticks, with the first being a long bearish candle, followed by a doji, and then a third long bearish candle. The doji is the “abandoned baby”, as it is left alone between the two bearish candles. This pattern is considered to be a strong indication of a bearish reversal in the market.
History of the Term
The term “bearish abandoned baby” was first used by Japanese rice traders in the 1700s. The pattern was used to identify a potential reversal in the market, and it has been used ever since. The pattern is also known as the “evening star”, as it resembles the shape of a star in the night sky. The pattern is still used today by technical analysts to identify potential bearish reversals in the market.
Comparison Table
| Pattern | Reversal |
|---|---|
| Bearish Abandoned Baby | Bearish |
| Bullish Abandoned Baby | Bullish |
Summary
A bearish abandoned baby is a type of candlestick pattern that is used in technical analysis to predict a bearish reversal in the market. The pattern consists of three candlesticks, with the first being a long bearish candle, followed by a doji, and then a third long bearish candle. The doji is the “abandoned baby”, as it is left alone between the two bearish candles. This pattern is considered to be a strong indication of a bearish reversal in the market. For more information about this term, you can visit websites such as Investopedia, The Balance, and Investing.com.
See Also
- Bullish Abandoned Baby
- Doji
- Bullish Engulfing Pattern
- Bearish Engulfing Pattern
- Hammer
- Hanging Man
- Bullish Harami
- Bearish Harami
- Bullish Piercing Pattern
- Bearish Piercing Pattern
