What is Abandoned Baby Bottom: Bullish Reversal Pattern?
Abandoned Baby Bottom is a bullish reversal pattern, which is composed of a doji star, gaping away (including its shadow) from the previous and following candles. This pattern is seen in a downtrend. On first day, a long black candle is seen. On second day, a doji appears, which gaps below the low of previous day candle. On third day, a white candle appears opening gap up. This pattern is similar to three bar reversal pattern.
Impact Post Pattern: Rally post this pattern will be fast as short sellers will be forced to cover fast.
Impact Post Pattern: Rally post this pattern will be fast as short sellers will be forced to cover fast.