A bearish abandoned baby is a candlestick pattern made up of three candles: one with increasing prices, one with holding prices, and one with falling prices. This pattern, according to technical analysts, indicates at least a short-term reversal in a currently upward trending price.
Technical day traders can utilise candlestick charts to discover trends and make trading decisions. Bullish candlesticks can help identify when a downtrend is going to turn around to the upside by indicating entry locations for long trades.
Conclusion. Candlestick trading can be lucrative, but you must understand what you're looking at and when certain patterns will not work. Candlestick trading is subjective, but if you know what filters to apply to the charts, you might discover that it works well for you.
If the upper shadow on a down candle is short, it means the day's open was close to the day's high. On an up day, a brief upper shadow indicates that the close was near the high. The appearance of the daily candlestick is determined by the relationship between the days open, high, low, and close.
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And Traders are i) position trader (ii) Swing Trader (iii) Day trader (iv) Scalper Trader
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