Bearish Abandoned Baby

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Figure 1. Bearish Abandoned Baby pattern.

Figure 1. Bearish Abandoned Baby pattern.

Japanese name: sute go
Forecast: bearish reversal
Trend prior to the pattern: uptrend
Opposite pattern: Bullish Abandoned Baby

Construction:

  • First candle
    • a candle in an uptrend
    • white body
  • Second candle
    • a doji candle
    • the low price above the prior high price
  • Third candle
    • black body
    • the high price below the prior low price

 

The Bearish Abandoned Baby is a three-line bearish reversal candlestick pattern.

Its construction is very similar to the Evening Doji Star. The only difference is that in the case of the Bearish Abandoned Baby the doji candle gaps above the shadows of the candle lines on either side, which is not the case for the Evening Doji Star.

The doji candle can be of any type except the Four-Price Doji. In other words, it can be any of the following doji types: Doji, Long-Legged Doji, Dragonfly Doji, Gravestone Doji.

The pattern needs to be confirmed, either by breaking the trendline or the nearest support zone.

The Bearish Abandoned Baby pattern appears very rarely on the charts hence its practical application is rather low.

 

Figure 2.

Figure 2. A Rising Window creates a price gap ($0.17) which is covered by the following candle being the third line of a Bearish Abandoned Baby.
The problem is, however, that the pattern is not confirmed on the following candles because the bears were not able to move the market below its first line. The bulls remained control after the Bearish Abandoned Baby occurrence because it was preceded by a strong support zone, formed by a Bullish Strong Line pattern. Additionally the Bullish Strong Line was created at a very high trading volume.
The above example again says that the market context in which a pattern appears is very critical. In the case of the Bearish Abandoned Baby it is even more important due to its low frequency.

 

Bearish Abandoned Baby statistics

Below you can find some Bearish Abandoned Baby pattern statistics calculated by CandleScanner software.

Pattern name: Bearish Abandoned Baby
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/1995 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 2,236,421
Number of occurrences (Bearish Abandoned Baby): 5
Number of occurrences (all candlestick patterns): 638,570
% of occurrences (Bearish Abandoned Baby): 0.00 %
Average frequency: 447,284.2
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 0 4 0 1
% of
Occurrences
0.00 % 0.00 % 80.00 % 0.00 % 20.00 %

 

Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 0 2 2 1
% of
Occurrences
0.00 % 0.00 % 40.00 % 40.00 % 20.00 %

 

10 Top best performing symbols

Occurrences Statistics 5 candlesticks testing period
(HIGH efficiency)
10 candlesticks testing period
(HIGH efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
CVS 1 5,034.0 1 100.00 % 1 100.00 %
AEP 1 5,034.0 0 0.00 % 0 0.00 %
LH 1 5,034.0 0 0.00 % 0 0.00 %
LM 1 5,034.0 0 0.00 % 0 0.00 %
RCL 1 5,034.0 0 0.00 % 0 0.00 %

 

10 Top worst performing symbols

Occurrences Statistics 5 candlesticks testing period
(FALSE efficiency)
10 candlesticks testing period
(FALSE efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
AEP 1 5,034.0 0 0.00 % 0 0.00 %
CVS 1 5,034.0 0 0.00 % 0 0.00 %
LH 1 5,034.0 0 0.00 % 0 0.00 %
LM 1 5,034.0 0 0.00 % 0 0.00 %
RCL 1 5,034.0 0 0.00 % 0 0.00 %
Pattern name: Bearish Abandoned Baby
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/2010 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 614,034
Number of occurrences (Bearish Abandoned Baby): 2
Number of occurrences (all candlestick patterns): 166,328
% of occurrences (Bearish Abandoned Baby): 0.00 %
Average frequency: 307,017.0
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 0 2 0 0
% of
Occurrences
0.00 % 0.00 % 100.00 % 0.00 % 0.00 %

 

Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 0 1 1 0
% of
Occurrences
0.00 % 0.00 % 50.00 % 50.00 % 0.00 %

 

10 Top best performing symbols

Occurrences Statistics 5 candlesticks testing period
(HIGH efficiency)
10 candlesticks testing period
(HIGH efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
LH 1 1,258.0 0 0.00 % 0 0.00 %
RCL 1 1,258.0 0 0.00 % 0 0.00 %

 

10 Top worst performing symbols

Occurrences Statistics 5 candlesticks testing period
(FALSE efficiency)
10 candlesticks testing period
(FALSE efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
LH 1 1,258.0 0 0.00 % 0 0.00 %
RCL 1 1,258.0 0 0.00 % 0 0.00 %

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