Bearish abandoned baby candlestick pattern

About bearish abandoned baby candlestick pattern?

Actually Bearish abandoned baby is a rare and profitable bearish signal. It appears at top an uptrend.
It looks like an umbrella. When it appears at top of an uptrend then beginning a downtrend. So Bearish abandoned baby candlestick is a very clear reversal pattern.

 Bearish abandoned baby Candlestick

How to recognize?

Yes, it's a very impotent question. Now I tell you how to recognize that's a bearish abandoned baby candlestick. It's a very simple and easy to find-out Bearish abandoned baby candlestick.

• It looks like an umbrella.
• It needs Three candlestick like Bullish abandoned baby candlestick.
• The first candlestick is strongly bullish.
• The second candlestick must be Doji candlestick ( color doesn't matter ).
• The Doji candlestick must appear on top of the first bullish candlestick.
• The Doji candlestick appears on top by creating a gap.
• The third candlestick must be a strong bearish candlestick.
• The third candlestick appears above the Doji rising up making the same gap.
• Third candlestick's opening price near the first candlestick's closing price.
• Third candlestick's closing price above the middle of the first candlestick.

Signal:

Strong Bearish

Tread:

Sell

Stop Loss:

Above the strong bearish candlestick

Take Profit :

300 pips

Accuracy : 

92 % positive 

caution : 

Trade with support and resistance level. Don't trade during upcoming major economic news.
Trade with higher time frame