Harami Pattern - Tutorial

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Harami Pattern

Description

This bullish reversal pattern has what is considered low reliability.

The pattern is recognizable by a long black candlestick day followed by a white one which gaps opposite the trend and is engulfed by the body of the first day.

In a downtrend, a long black candlestick day occurs. Then a gap up the next day puts the shorts off their guard. Confirmation of a strong following day is needed.

Market Opinion

Bullish.

Pattern

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