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Thursday, November 10, 2011

BULLISH ABANDON BABY


BULLISH ABANDON BABY

Definition: The Abandoned Baby is a rare bullish reversal pattern characterized by a large down move followed by a doji or small candle, and then a third candle heading in the opposite direction.

Recognition Criteria:

   Day-one is a red day continuing an established bear trend.
   Day-two is a doji whose shadows trades below day-ones close.
   Day-three is a blue day that opens and trades above with little or no overlapping shadows

Important Factor: 

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