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Bullish Harami

Bullish Double Candlestick Pattern

Bullish Harami - Bullish Double Candlestick Pattern

Pattern Overview

  • Bias:

    Bullish
  • Type:

    Double Candlestick Pattern

Description

A small bullish candle forms within the previous larger bearish candle’s body.

Meaning

Seen in downtrends, it suggests indecision, with possible bullish reversal if the following candles confirm buying strength, indicating a weakening bearish trend.

What is the Bullish Harami candlestick pattern?

The Bullish Harami consists of a small bullish candle within a preceding larger bearish one, indicating a pause in downward momentum and hinting at a potential reversal. This pattern shows that sellers are beginning to weaken as buyers cautiously test the waters. The Harami reflects a shift in sentiment from bearish to neutral, often marking a transitional phase in the market.

Interpreting the Bullish Harami helps traders spot moments when sentiment is shifting, potentially signaling the start of a trend change. The Chart Guys provide comprehensive resources to enhance your ability to recognize and trade Harami patterns effectively, helping you capitalize on subtle shifts in market sentiment.

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