What is a harami candlestick pattern?

The Harami Candlestick Pattern is considered a trend reversal pattern that can either be bullish or bearish, depending on the direction of the price action. What Does a Harami Candlestick Look Like? A Harami pattern can be either bullish or bearish, depending on the color of its candles.

What is a bearish Harami pattern?

A Harami pattern can be either bullish or bearish, depending on the color of its candles. Each pattern consists of two Candlesticks that occur on successive days: Harami is the Japanese word for “pregnant.” What Is a Bearish Harami?

Can a candlestick chart predict a reversal?

While the bullish harami and its counterpart, the bearish harami, serve to predict upcoming reversals in the trending direction of prices, candlestick chart analysis offers a wide range of patterns to predict future trends.

How do Harami patterns work?

Harami patterns emerge over two or more days of trading, and a bullish harami relies on initial candles to indicate that a downward price trend is continuing, and that a bearish market looks to be pushing the price lower.