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Bearish Harami

Daily Charts:   90 found in last 10 days.   Updated Wed Jul 28 18:16:42 2010 CST . Click here to see them.

Weekly Charts:   51 found in last 10 weeks. Click here to see them.

Bearish Harami

This pattern signals a trend...
How to identify...
Similar pattern(s)...
Reversal
  1. The 1st day is a long white day.
  2. The 2nd day is a short day whose body is engulfed by the 1st day's body.

Psychology...

A long 1st day with high volume in the existing uptrend brings complacency to the bulls. The next day trades in a small range within the previous day's real body. Light volume on the 2nd day should give rise to concern by the bulls of an impending change of trend. Look for lower prices over the coming days, especially if the next day provides confirmation of a trend change by closing lower.





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