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What is a Bullish Harami?The Bullish Harami is a common pattern. Harami means pregnant woman or body within. The formation is made up of two candles in a down trending stock. The first candlestick of the pattern is a long black candle, the second is a smaller white candle. The small real body of the second candle is located within the vertical range of the larger real body of the first candle. This pattern is a mirror image of the Bearish Engulfing candlestick pattern.
This candlestick pattern shows a decrease of momentum. It signifies that a change of trend may be coming. No action should be taken until confirmation is made. Confirmation could be a gap down, a long black candlestick, a sell signal from an indicator, or support, and always look for strong volume. Leave Bullish Harami and go back to Japanese Candlestick Charts
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