A Quick Overview of Bearish Abandoned Baby Pattern
The first candle in a bearish abandoned baby pattern is a tall green candle that is part of a rising trend. The next candle is a Doji star, which appears above the first candle's closing price. Following the formation of this candle, the next candle will lead to a bearish trend. According to Bulkowski, this reversal predicts lower prices with an 69% accuracy rate.
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