Harami Candlestick Chart Pattern

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Harami Candlestick Chart PatternHarami means pregnant(in Japanese language).

The harami candlestick chart pattern is a reversal candlestick pattern.

This pattern consists of two candlesticks and the first one contains the second one in its mid point. For this reason, it is called harami pattern.

When this pattern indicates as a bullish signal then it is called as a bullish harami candlestick chart pattern.

On the other hand, when it indicates as a bearish signal then it is called as a bearish harami candlestick chart pattern.

Direction:-- Bearish/Bullish

Type of this pattern:
reversal

Reliability on this pattern:
Week



There are two types of harami candlestick chart pattern. One is bullish and another is bearish.

Harami Candlestick Chart Pattern

A bullish harami candlestick chart pattern usually comes at the end of an exhausted down trend. The first candle will be bullish. The second candle will start with an gap up. It will be a bullish candle. The second candle indicates that price was unable to move up.

This pattern indicates uncertainty in the market.

After a bullish harami candlestick pattern formation, wait for a confirmation.

A good confirmation can be a bullish candle formation after the pattern. Wait for its completion.

See an example in a chart.........
Harami Candlestick Chart Pattern



 



 
                                         Candlestick Chart Patterns                                   
01 How to Read A Candlestick Chart                                                            
02 Bearish Engulfing
03 Bullish Engulfing
04 Doji
05 Dragonfly Doji & Gravestone Doji
06 Piercing Pattern
07 Morning star
08 Dark cloud cover
09 Hammer
10 Hanging Man
11 Harami
12 Inverted Hammer
13 Evening star
14 Shooting star
15 Tweezers Top
16 Tweezers Bottom
17 Windows
16 The Last Discussion on Japanese Candlestick Chart