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.