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Harami Pattern

by admin April 5, 2019 1 min read 0 comments

Key Takeaways

  • Market conditions and their impact on trading decisions
  • Key levels and price action analysis
  • Risk management strategies for this setup
Harami Pattern

– Normally it should be a signal of reversal of the current Trend.

– You can find it in the variants: Bullish and Bearish, depending on the Trend in which is located.

– The Pattern looks like a “pregnant woman”: The Real Body of the Second Candle is fully contained within the Real Body of the First Candle.

Bullish Harami Pattern

– It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern.

– The First Candle is black.

– The Second Candle is white; it has the Real Body fully contained within the Real Body of the First Candle.

– Ignore the Shadows; the Highs or Lows of the Two Candles can be at the same level but not both (So only the Highs or only the Lows).

Bearish Harami Pattern
Trading Data Snapshot

Always verify current market conditions before executing any trade. Past performance does not guarantee future results.

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Trading analyst and market commentator with expertise in technical analysis, price action, and risk management. Dedicated to helping traders make informed decisions.

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