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Abandoned Baby Bullish
Trend: Bullish
Reliability: High
How to Identify it
- First day is usually a long black day
- Second day is a doji that gaps in the direction of the previous trend
- The third day is a white day, gapping in the opposite direction, with no overlapping shadows
What it Means
In a downtrend, the market bolsters the bearish trend with a long black day and gaps open on the second day. However, the second day trades within a small range and closes at or near its open. This scenario definitely shows the potential for a rally, as many positions have been changed. Confirmation of the trend reversal is given by the white third day, and is well defined by the upward gap.
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