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Bullish Harami Candlestick Pattern



This pattern signals a potential trend

Reversal


How to identify
  1. The 1st day is a long red day.

  2. The 2nd day is a short day whose body is engulfed by the 1st day's body.
Similar pattern(s)

» Bullish Harami Cross

» Bullish Homing Pigeon

» Bullish Three Inside Up

Psychology

A long 1st day with high volume in the existing downtrend brings complacency to the bears. 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 bears of an impending change of trend. Look for higher prices over the coming days, especially if the next day provides confirmation of a trend change by closing higher.



Recent Scan Results
Daily ChartWeekly Chart
Last Day: 10 Last Week: 15
Last 10 Days: 210 Last 10 Weeks: 255




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