Bullish Abandoned Baby
A Bullish Abandoned Baby is a candlestick pattern that is used by traders to identify potential reversals in the market. It is a three-candle pattern that consists of a large bearish candle, followed by a doji, and then a large bullish candle. The doji is the “abandoned baby” and is the key to the pattern. The pattern is considered to be a strong indication of a potential reversal in the market.
History of the Term
The Bullish Abandoned Baby pattern was first identified by Japanese candlestick charting pioneer, Homma Munehisa, in the 1700s. He used the pattern to identify potential reversals in the rice markets. Since then, the pattern has been adopted by traders around the world to identify potential reversals in all types of markets.
Comparison Table
| Pattern | Reversal |
|---|---|
| Bullish Abandoned Baby | Potential Reversal |
Summary
The Bullish Abandoned Baby is a three-candle pattern that is used by traders to identify potential reversals in the market. It consists of a large bearish candle, followed by a doji, and then a large bullish candle. The doji is the “abandoned baby” and is the key to the pattern. The pattern is considered to be a strong indication of a potential reversal in the market. For more information on the Bullish Abandoned Baby pattern, traders can visit websites such as Investopedia, TradingView, and StockCharts.
See Also
- Bearish Abandoned Baby
- Bullish Engulfing Pattern
- Bearish Engulfing Pattern
- Bullish Harami
- Bearish Harami
- Bullish Piercing Line
- Bearish Piercing Line
- Bullish Morning Star
- Bearish Evening Star
- Bullish Three White Soldiers
