Monday 23 June 2014

Bearish Harami Candlestick

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.
Bearish Harami Candlestick

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