Candlestick figure "Abandoned baby".
A rare figure with a plaintive name is a fairly strong signal for a trend reversal, especially if all the conditions for its formation are fully met.
The Abandoned Baby figure consists of three Japanese candles, the first long one is a trend candle, the second one is the baby itself (doji) candlestick with a minimal body, and the third one has already formed in the direction of a new trend.
The abandoned baby can be of two types:
• The abandoned baby of the top - occurs in a downtrend, which ends with a long bearish candle, then a sharp jump in price ( gap ) follows and a doji is formed, then a price gap follows again and a bullish time frame is formed.
• Abandoned baby of the bottom - appears on an uptrend, while the situation turns in the opposite direction of the example described above.
After the appearance of this figure, the probability of an uptrend is as high as possible. A candlestick figure appears quite rarely and practically does not give false signals for a trend reversal, but still, after its appearance, it will not be superfluous to check the situation on the market using Forex indicators .