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Harami Bullish
Trend: Bullish
Reliability: Low
How to Identify it
- A long black day occurs
- The second day is a white day where the real body is completely engulfed by the real body of the first
What it Means
After a long black day at the low end of a downtrend, a white candlestick opens higher than the previous day’s close. The price is driven up, as many shorts are covered, which encourages further buy-ins. The Harami indicator should be confirmed with the next trading day’s candlestick following the reversal trend. The Harami pattern is also the first two days of the Three Inside patterns.
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