• Bullish Harami

  • Type: Reversal
  • Relevance: Bullish
  • Prior Trend: Bearish
  • Reliability: Low
  • # of Sticks: 1

Definition:

On the first candle you see the sellers are in control and the stock closes near the low.  The next candle gaps up, holds and closes higher than the open.  I have often seen this candle accompanied with news.  People sell a stock and then news causes a gap.  Often then covering and stops being hit provide the continued Bullish action and help carve the reversal.

 

Opposite: Bearish Harami