The follow articles contains Darren Winters’ information about Reversal Types
Darren’s Reversal Type 1.
Abandoned Baby – a rare but powerful reversal pattern characterized by a large bullish move upwards, followed by a small doji candle which gaps above the previous day, then shadowed by a bearish candle with a large down move.
Darren Adds “This formation is characterized by a sharp reverse in market sentiment for the underlying share. Now let analyze what human emotions may be driving the market in this setup.”
“First the price accelerates upwards as the confidence soars. This is a domino like effect when sharp rise in price encourages more and more buying demand, thus the creating a very bullish day – Darren Winters”
For Darren Winters of Win Investing.