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How Interpret Opposite Abandoned Baby Candlesticks in 3 Days?

The iShares Core MSCI Europe ETF (IEUR) has had two opposite "abandoned babies" in three days. Any guidance on if this just means high uncertainty, or the most recent abandoned baby applies and this signals a downside move? Or is the second "baby" really an "evening star" again signaling a downside move?

Thank you.


  • The chart is very gappy anyway, suggesting there is not much liquidity. When there is volume, it seems to be due to a few very large trades, not continuous trading. If you look at the 5 minute chart you will see there are lots of five minute periods when there is almost no trading. So, I'm not sure conventional candlestick analysis really applies.
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