Bullish Abandoned Baby

See our Patterns Dictionary for other patterns.

Check our CandleScanner software and start trading candlestick patterns!

Figure 1.

Figure 1. Bullish Abandoned Baby pattern.

Japanese name: sute go
Forecast: bullish reversal
Trend prior to the pattern: downtrend
Opposite pattern: Bearish Abandoned Baby

Construction:

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

 

The Bullish Abandoned Baby is a three-line bullish reversal candlestick pattern.

Its construction is very similar to the Morning Doji Star. The only difference is that in the case of the Bullish Abandoned Baby the doji candle gaps below the shadows of the candle lines on either side, which is not the case for the Morning 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 appears very rarely on the charts hence its practical application is rather low.

 

Figure 2.

Figure 2. The Bullish Abandoned Baby is a very rare pattern and hence it is difficult to be used in trading.
There is a small price gap (only 2 cents) within a Bullish Abandoned Baby on the chart. It is very difficult to notice, and the pattern could be classified as the Morning Doji Star in which the price gap cannot exist.
The power of the Bullish Abandoned Baby, in theory, lies in its third line which covers the price gap indicating that the bulls are regaining control.
On the chart above the Bullish Abandoned Baby is preceded by a Bearish Strong Line forming a strong resistance zone. Moreover, the Bearish Strong Line is also preceded by black candles.
In other words, the Bullish Abandoned Baby appears within a significant resistance area.
Indeed, the bulls needed two weeks until price moved up, forming a Rising Window pattern.

 

Bullish Abandoned Baby statistics

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

Pattern name: Bullish 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 (Bullish Abandoned Baby): 12
Number of occurrences (all candlestick patterns): 638,570
% of occurrences (Bullish Abandoned Baby): 0.00 %
Average frequency: 186,368.4
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 1 2 6 3
% of
Occurrences
0.00 % 8.33 % 16.67 % 50.00 % 25.00 %

 

Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 1 2 1 8
% of
Occurrences
0.00 % 8.33 % 16.67 % 8.33 % 66.67 %

 

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
COL 1 3,520.0 0 0.00 % 1 100.00 %
GD 1 5,034.0 0 0.00 % 1 100.00 %
GPS 1 5,034.0 1 100.00 % 1 100.00 %
JEC 1 5,034.0 0 0.00 % 1 100.00 %
JPM 1 5,034.0 0 0.00 % 1 100.00 %
K 1 5,034.0 0 0.00 % 1 100.00 %
MLM 1 5,031.0 1 100.00 % 1 100.00 %
SYK 1 5,034.0 1 100.00 % 1 100.00 %

 

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
WFC 1 5,034.0 1 100.00 % 1 100.00 %
Pattern name: Bullish 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 (Bullish Abandoned Baby): 3
Number of occurrences (all candlestick patterns): 166,328
% of occurrences (Bullish Abandoned Baby): 0.00 %
Average frequency: 204,678.0
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 0 1 1 1
% of
Occurrences
0.00 % 0.00 % 33.33 % 33.33 % 33.34 %

 

Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 0 1 0 2
% of
Occurrences
0.00 % 0.00 % 33.33 % 0.00 % 66.67 %

 

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
JPM 1 1,258.0 0 0.00 % 1 100.00 %
SYK 1 1,258.0 1 100.00 % 1 100.00 %

Comments are closed.