An abandoned baby candlestick pattern can signal a bullish or bearish reversal in price. A bullish pattern is confirmed when a down trend in price gaps down and leaves a Doji candlestick, then gaps up above the close of the Doji the next day. A full confirmation of the pattern is when the current session closes above the abandoned baby candle. It is exactly the same in reverse for a bearish signal. An abandoned baby will form at the top of a rise, and the candlestick pattern will be confirmed on a close below the formed Doji.
|Stock||▼Date The date the latest pattern was detected for this stock.||Price The closing price of this stock on the detected date.||Signal The type of signal this pattern is suggesting. Bullish (buy) Bearish (sell). Determined by pattern type or previous price action. See pattern descriptions.||Gain The maximum gain, in cents, which was possible during 20 days from detection, in the patterns suggested direction. Not including any drawdown or negative moves.||Gain % The maximum gain, in percent, which was possible during 20 days from detection, in the patterns suggested direction. Not including any drawdown or negative moves.||Current Price||Success?|
|Short Line Candle||ADSK||09.20.2018||BULLISH|
|Short Line Candle||AMGN||09.20.2018||BULLISH|
|Short Line Candle||ALTR||09.20.2018||BEARISH|
|Short Line Candle||CHRW||09.20.2018||BEARISH|
You can see in the chart the abandoned baby which is left out on a limb from the rest of the candles. This is the main characteristic. There has to be a gap down (or up) and same for the following day.