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.

Requirements

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......

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