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BEARISH HARAMI CANDLESTICK PATTERN

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  BEARISH HARAMI CANDLESTICK PATTERN www.FurtherGrow.in In up trends, the harami consists of a large green candle followed by a small green or red candle (usually red) that is within the previous session’s large real body. Description                Bearish Harami is a two candlestick pattern composed of small red real body contained within a prior relatively long green real body. The body of the first candle is the same color as that of the current trend. The open and the close occur inside the open and the close of the previous day. Its presence indicates that the trend is over. Criteria 1. The first candle is green in color; the body of the second candle is red. 2. The second day opens lower than the close of the previous day and closes higher than the open of the prior day. 3. For a reversal signal, confirmation is needed. The next day should show weakness. 4. The uptrend has been apparent. A long green candle occurs at the end o

BULLISH HARAMI CANDLESTICK PATTERN

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BULLISH  HARAMI CANDLESTICK PATTERN   www.FurtherGrow.in A candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. In downtrends, the harami consists of a large red candle followed by a small green or red candle (usually green) that is within the previous session’s large real body. This pattern signifies that the immediately preceding trend may be concluding, and that the bulls and bears have called a truce. Description The Harami is a commonly observed phenomenon. The pattern is composed of a two candle formation in a down-trending market. The color first candle is the same as that of current trend. The first body in the pattern is longer than the second one. The open and the close occur inside the open and the close of the previous day. Its presence indicates that the trend is over. The Harami (meaning “pregnant” in Japanese) Candlestick Pattern is a reversal pat