The Bearish Harami candlestick consists of an upward
candlestick followed by a downward candlestick
Bearish Harami is composed of a two candle formation with
the body of the first candle is the same as the current trend.
The first body of the pattern is a long body and the second
body is smaller. The second day opens lower than the close of the previous
day and closes higher than the open of the prior day.
It is considered a bearish pattern when preceded
by an upward trend or when the market is over bought or at a
degree of resistance. When a bearish Harami candlestick pattern
is known after a bullish move,
it will signal a reversal in the price action.
No comments:
Post a Comment