Bullish Abandoned Baby
Categories: Trading, Managed Funds
Yes, there may be times after a sleepless night when a bullish thought comes into your mind to abandon a baby. They scream. They cry. They crap all over the place.
However, the term “bullish abandoned baby” refers to patterns on a candlestick chart that stock traders use to predict a reversal trend in the market. They help to predict whether a stock price will go up or down based on previous opening and closing prices, trader sentiment, and many other factors.
A bullish abandoned baby is a rare but usually reliable candlestick pattern that alerts traders that the stock is trending upward. With three candles in the pattern, it starts to form at the bottom of a trend. The first and second candles are long and bearish, while the third one is long and bullish. The trend goes upward when traders start buying the stock, as opposed to selling due to a belief that the company’s financial health has improved.
