Bearish Harami Candlestick Pattern
A Bearish Harami candlestick pattern is a bearish reversal candlestick pattern. While a majority of the candlestick patterns are single candlestick patterns, the Bearish Harami candlestick pattern is a 2 candlestick pattern.
When the 2nd candlestick in the pattern is a Doji candlestick pattern, the Bearish Harami candlestick morphs into a Bearish Harami Cross candlestick pattern.
Bearish Harami Cross candlestick patterns have a higher success rate for trend reversals when compared to ordinary Bearish Harami candlestick patterns. Matter of fact, the smaller the real body is for the 2nd candlestick, the higher the chances are for a successful bearish trend reversal.
Requirements
Listed below are the requirements for a Bearish Harami candlestick pattern.
- A Bearish Harami candlestick pattern is a 2 candlestick pattern
- The 1st candlestick in the pattern can have either a red or green colored real body
- The real body of the 1st candlestick engulfs the real body of the 2nd candlestick
- It is not necessary to engulf the upper and lower shadows too, but if it does that makes the pattern even more bearish
- It is not necessary to engulf the upper and lower shadows too, but if it does that makes the pattern even more bearish
- When the 2nd candlestick is a Doji candlestick pattern, the Bearish Harami candlestick pattern morphs into a Bearish Harami Cross candlestick pattern
If there is one last push upwards after a Bearish Harami candlestick pattern develops, it is usually.....
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