Bullish Harami Candlestick Pattern
A Bullish Harami candlestick pattern is a bullish reversal candlestick pattern. While there are several candlestick patterns that are single candlestick patterns, the Bullish Harami pattern is a 2 candlestick pattern.
In Westernized investment terminology, a Bullish Harami candlestick pattern is referred to as "an inside day".
If I had to create a list of bullish reversal candlestick patterns in order or reliability, the Bullish Harami candlestick pattern would be near the bottom of my list. I do not personally like to trade this bullish reversal candlestick pattern.
While a Bullish Harami candlestick pattern may not be the best trend reversal identifier, it can and usually does signal the a bottoming process.
Listed below are the requirements for a Bullish Harami candlestick pattern.
- A Bullish Harami candlestick pattern is a 2 candlestick pattern
- The 1st and 2nd candlesticks in the pattern are always opposite colored
- The real body from the 2nd candlestick is contained within the real body from the 1st candlestick
- The 1st candlestick pattern usually has a red colored real body, but it can be green
While a Bullish Harami candlestick pattern may not be the best trend reversal identifier, it can and usually does signal a bottoming process that has started or is about to start.
Characteristics & Observations
These are some of the characteristics and observations I have made with Bullish Harami candlestick patterns......
If you are interested in reading more about Bullish Harami candlestick patterns, you must first login.
Trendy Stock Chart members can access the requirements, characteristics, support areas and trading strategies for Bullish Harami candlesticks.
If you are not a Trendy Stock Charts member, consider subscribing today. There are several different subscription plans available.