Bearish Harami Candlestick
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Definition of 'Bearish Harami Candlestick'
A Bearish Harami Candlestick is a candlestick chart pattern that is seen at the end of an uptrend when a subsequent candle is "engulfed" by the previous candle. If looking at a daily chart then this is also referred to as an Inside Day (ID) when looking at Crabel Price Patterns.
Features of a Bearish Harami Candelstick:
Features of a Bearish Harami Candelstick:
- Forms at the end of an uptrend.
- The Bearish Harami Candle has a lower high and a higher low than the previous candle.
- The previous and Harami candle can be either red or green.
- The smaller the Harami candle the more likely the reversal.
- A green previous candle and a red Harami candle indicate a higher probability for a reversal.
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