Harami
Bullish Reversal
Interpretation
The first candle (coupled with high volume) continues the downtrend. On the second day, lighter volume, and an inability to break ouf of the previous day's price range, generates a concern of a potential reverse to the upside.
The Harami bearish reversal is the first two candles of the Three Inside Up, a bullish reversal pattern.
Similar or Inverse Patterns
Three Inside Up Bullish Reversal
Harami Bearish Reversal
Recognition Guidance
Starts with a downtrend, the first candle is filled. The second candle is hollow, and completely within the body of the first candle. This is the harami position.
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