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Abandoned Baby
Belt Hold
Breakaway
Concealing Baby Swallow
Doji Star
Dragonfly Doji
Engulfing
Gravestone Doji
Hammer
Harami
Harami Cross
Homing Pigeon
Inverted Hammer
Kicking
Ladder Bottom
Mat Hold
Matching Low
Meeting Lines
Morning Doji Star
Morning Star
Piercing Line
Rising Three Methods
Separating Lines
Side by Side White Lines
Stick Sandwich
Three Inside Up
Three Line Strike
Three Outside Up
Three Stars In the South
Three While Soldiers
Tri Star
Unique Three River Bottom
Upside Gap Three Methods
Upside Tasuki Gap

Abandoned Baby
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Pattern: reversal
Reliability: high

Identification
A long black day is followed by a Doji that gaps in the direction of the trend. Then a white day occurs gapping in the opposite direction with no overlapping shadows.

The Psychology
In a downtrend or within a pullback of an uptrend, the market gaps down but does not continue its downward movement. Instead enough bulls step up to bring supply and demand back into equilibrium and the stock churns in place. This isn't necessarily bullish, but it's certainly less bearish. The pattern is confirmed by the next day's gap up and rally.

The bullish Abandoned Baby formation doesn't occur too often and is similar to the bullish Doji Star, bullish Morning Star, and the bullish Morning Doji Star.



GENZ fell and churned along the 20 level to establish support. It then formed a bullish Abandon Baby pattern which began its reversal of the downtrend. If this pattern formed as the first set of candles at 20, it is less likely a reversal could have immediately occurred, but since the Abandon Baby formed after the stock was able to establish support, the play to the long side became more reliable.

 

 

 

 

 

 

 



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