bearish abandoned baby

bearish abandoned baby on chart :-

What is the bearish Abandoned Baby Candlestick Pattern ?

This is a triple candlestick market reversal pattern which indicates a recession, decline or market going into a bearish trend. Which is made up of three candles.
Bearish abandoned baby In Abandoned means rejection. That means abandoned baby would mean a rejected child.

How to Identify the bearish Abandoned Baby Candlestick Pattern ?

Bearish Abandoned Baby Candlestick: This is a triple candle stick pattern, so this pattern is formed by combining three candles, to identify this candlestick pattern, keep the following things in mind: –

• This candlestick pattern should form at resistance after a long-term bullish or uptrend.
• First Candle:- The first candle in this pattern is a big bullish candle which tries to tell us that the bullish phase will continue in the market. It may appear to look similar to Marubozu.
• Second candle: – This will be a doji candle. This candle will be gap-up open from the first candle. The color of this candle is not important, it can be red, green or colorless.
• Third Candle:- This is a big bearish candle which closes between the open point of the first candle and the middle of the body.

Keep in mind that this looks like the Evening Star candlestick pattern, the only difference is that in this the second candle should be gapped up compared to the first candle.

Features of the bearish Abandoned Baby Candlestick Pattern?

• Bearish Abandoned Baby candlestick has the following characteristics:-
• A candle stick pattern is formed at resistance during an up-trend, after which it signals a recession in the market or a down-trend.
• In this triple candlestick pattern, the second candle should be gap-up open than the first candle.
• In this, the first candle is a big bullish candle,
• The second candle is a Doji candle,
• The third candle is a bearish candle which indicates a recession in the market.

• When the Bearish Abandoned Baby candlestick forms at the resistance, the market is about to go into recession, for its confirmation we should use modern indicators (RSI & MACD).
• After the formation of this candlestick pattern, we should also check the volume. The volume of the third candle in it is high and if the volume of the next 3 candles formed after the formation of this candle pattern is also high, then the market is going into recession. There are many signs.

all triple candle stick pattern pdf :-https://smartstockadda.com/category/candle-stick-eg/triple-candle-pattern-eg/

Reason for formation of bearish Abandoned Baby Candlestick Pattern ?

The reason for Bearish Abandoned Baby candlestick is as follows:-
When a particular stock reaches its highest price, an attempt is made to bring it down to keep it stable. To bring it down, some news is given in the market or by broker agencies, under its influence. Buyers start selling due to which sellers become heavy in the market, due to which its price decreases and the trend of selling starts and a bearish phase starts in the particle stock.

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How to trade with the bearish Abandoned Baby candlestick pattern?

To trade with the Bearish Abandoned Baby candlestick pattern we will emphasize the following three things:-
Entry, Stoplose, Target

Entry: – When this candlestick pattern is formed at the resistance, then after the formation of this candle pattern, if the next three candles formed break the low of the first candle, then we should enter the trade from there in the market.

Stop-loss:- In this candlestick pattern, the stoploss has to be set at the high of the second candle.

TARGET:- In this CANDLE STICK pattern, we should set the target by looking at the SUPPORT or we should set the target two or three times the stop loss of ours.

F&Q

Is color important in Bearish Abandoned Baby candlestick or not?

In this candlestick pattern, the color of the first and third candles is important. The first candle should be green and the third candle should be red.
The second candle can be of any colour.

How many candles does the Bearish Abandoned Baby candlestick consist of?

The Bearish Abandoned Baby candlestick consists of three candles.

Is volume important in Bearish Abandoned Baby candlestick or not?

Volume is important in Bearish Abandoned Baby candlestick. In this, the volume of the third candle should be higher and the volume of the candles formed after that should be in increasing order.

Where does a Bearish Abandoned Baby candlestick form in the chart?

The Bearish Abandoned Baby candlestick always appears to be forming at resistance with increasing bullish momentum.

What to do if Bearish Abandoned Baby candlestick forms at support?

If it is formed in support then it has no importance and we should avoid it at this time.

Which indicators should be used in trending with Bearish Abandoned Baby candlestick?

RSI & MACD

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