Harami BullishTimeframe: Hourly
Reliability: Low
A reversal pattern.
The Harami Bullish Pattern is characterized by a small white real body contained within a prior relatively long black real body. 'Harami' is old Japanese word for pregnant. The long black candlestick is 'the mother' and the small candlestick is 'the baby'.
The smaller the second candlestick, the stronger is the reversal signal.
The shadows of the second candlestick do not have to be contained within the first candle’s body, though it's preferable if they are.
Pattern needs confirmation on the next candlestick.
Harami CrossTimeframe: Hourly
Reliability: Low
A reversal pattern.
After a long black candlestick at the low end of a downtrend, a white candlestick opens higher or at the previous candlestick’s close and closes at or around its open.
The Harami Cross indicator is more definite than the basic Harami indicator, and signifies a reversal for the bulls.
The smaller the second candlestick, the stronger is the reversal signal.
The shadows of the second candlestick do not have to be contained within the first candle’s body, though it's preferable if they are.
