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How to identify
Another major reversal pattern that is similar in format to the Morning Star bull is this Abandon Baby bull pattern. This pattern is almost exactly the same as the Morning Star bull with one important exception. Here the shadows on the Doji must also gap below the shadows of the first and third days for the Abandon Baby bear. Confirmation of the trend reversal is the white third day. The Abandoned Baby bull is quite rare. Like most of the three-day star patterns, the scenarios are similar. In a downtrend, the market is strong in a bearish trend with a long black day and gaps open on the second day. The second day trades within a small range and closes at or very near its open. This scenario definitely shows the potential for a rally, as many positions have been changed. Confirmation of the trend reversal is given by the white third day, and is well defined by the upward gap. BUY "Abandoned Baby Bull" Candlestick Chart Indicator add to cart Back to Glossary of BULL and BEAR Candlestick Chart Indicators. For an additional education on Japanese Candlestick Charting techniques, visit our Investment Bookstore and also check out the special pricing section called Fire Sale Books for great deals at the largest collection of Investment Books on the Internet. Click here if you'd like to be advised when the site is updated or refer this web site Home / Company Information / Promotions / TC2005 Candlestick Charts / Gift Certificate / Discount Book Store / Contests / Affiliate Programs / Internet Marketing Resources / Food for Thought ezine / Marketing Food for Thought ezine / Stock Market Info / Art / Telecom Services / Electronic Products / Favorite Links / Free Screensaver / Free Software / Email Updates / Refer This Site / Contact Us / By viewing this web site, you the visitor, agree to our
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