In the real world, an abandoned baby is a startling and terrible sight. In the world of candlesticks, it is a very rare reversal signal. Sometimes the abandoned baby will be a bear (or should I say a cub?), and other times it will be a bull (a calf, if you like). Either way, it signals that the current trend will soon reverse. Happily, its formation fits its name quite well—a tiny doji on its own (the baby), the surrounding candles a step higher or lower (the parents)—so it is easy to identify. If you would like to understand the Abandoned Baby candle pattern, you’re in the right place. Today we’re discussing how to spot it, what it means, and why you shouldn’t ignore its presence.
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One of Today’s Featured Trade Ideas
DO/Long (Energy) DO was a members’ only featured trade idea last week. Now I’m making it a featured trade idea for you. The recent double bottom has had bullish follow-through that pushed price and the close last week above the 50-day simple moving average. DO is currently painting one of the most popular and profitable chart patterns that Hit-And-Run Candlesticks has to offer.
I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 9:10 AM EDT today.
DO Trading Plan (Entry, Stop, Target) Members Only
Possible entry plan idea: The buy box zone
Possible stop plan idea: Stop below
Possible targets: Risk Reward
Why should I be in the H&R Trading Room?
ACI member’s trade idea on August 28, up 221% %
UVXY member’s trade idea on August 19, up 144%
BTU member’s trade idea on August 20, up 54%
FTK member’s trade idea on July 10, up 40%
Not to mention the education you receive!
For only $21.22 a week. Learn and Earn at the same time!
Learn & Earn starts today – Click Here
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One of Today’s Featured Trade Ideas
EVLV/Long (Specialty Retail) EVLV has formed an H&R favorite pattern on top of a bullish scoop pattern.
I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today. Click here to learn more
EVLV Trading Plan (Entry, Stop, Target) Members Only
Possible entry plan idea: The buy box zone
Possible stop plan idea: Stop below
Possible targets: About 7:1 Risk Reward
Why should I be in the H&R Trading Room?
ACI member’s trade idea on August 28, up 175% %
UVXY member’s trade idea on August 19, up 121%
BTU member’s trade idea on August 20, up 47%
For only $21.22 a week. Learn and Earn at the same time!
Learn & Earn starts today – Click Here
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One of Today’s Featured Trade Ideas
MIFI/Long (Communication Services) MIF I is a Hit-And-Run Candlesticks Rounded Bottom Breakout play. Doji Bullish Engulf on August 7 followed by minor consolidation with another Bullish Engulf creating a higher low that pushed price up into the 50 SMA.
I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today. Click here to learn more
DGLY Trading Plan (Entry, Stop, Target) Members Only
Possible entry plan idea:
Possible stop plan idea: Stop below
Possible targets: $, About a Risk Reward
Why should I be in the H&R Trading Room?
ACI member’s trade idea on August 28, up 99.61 %
UVXY member’s trade idea on August 19, up 111.39%
For only $21.22 a week. Learn and Earn at the same time!
Learn & Earn starts today – Click Here
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