Harami Pattern
The first stick is large & the second one significantly smaller. Also the second candlestick is contained within the body of the first candlestick:
- Bearish: a small red body completely inside the previous day's real body. This is not so much a pattern to act on, but it could be one to watch. The pattern shows indecision on the part of the buyers.
- Bullish: A downtrend is in play, and a small real body (green) occurs inside the large real body (red) of the previous day. This tells the technician that the trend is pausing. If it is followed by another up day, more upside could be forthcoming.
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Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.
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