Trade the Harami Candlestick Pattern 🏯
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Candlesticks Patterns - the Harami
Candlesticks Patterns - the Harami http://www.financial-spread-betting.c... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE The last two candle reversals we will look at are the Haramis, which means pregnant. This family of patterns includes the Bearish Harami, the Bearish Harami Cross, the Bullish Harami and the Bullish Harami Cross. Please note that these are short-term trading patterns. We’ll look at the Bearish Harami, and then explain the differences with the others.
The Harami happens in two bars with the first bar bar being larger than the second bar i.e. bar two will have a lower high and higher low in relation to bar one. It signals that the market has contracted and is waiting for a breakout.
In some ways, the Harami is the the opposite of the engulfing – the second candlestick is within the previous real body. It’s called Harami (pregnant) because of the appearance, a mother and a baby bulge alongside. The first day is a long day in the direction of the trend. But the next day starts lower and only trades in a small range, with a lower close, which points to weakness in the trend. Look for lower volume on the second day as a further reversal sign. The weakening of the trend makes traders consider selling their holdings, reinforcing the reversal.
The Bearish Harami Cross is similar, except the second candle is a Doji. This emphasizes the faltering in the market. Effectively the trading is paralyzed at the current level, and the bulls are losing their power.
The bullish versions of the Harami are just the same, but in the opposite direction – coming in an established downtrend and indicating a bullish reversal.
Harami patterns mean indecision in the marketplace. The market is trading in a narrow range and is unlikely to continue trading within this tight range meaning that a breakout may happen either on the next bar or a little while after. A way to trade this is to buy the break of the high on bar two or open a down bet on the break of the low on bar two (or you could place an OCO order to take advantage on a break either direction).
The Harami happens in two bars with the first bar bar being larger than the second bar i.e. bar two will have a lower high and higher low in relation to bar one. It signals that the market has contracted and is waiting for a breakout.
In some ways, the Harami is the the opposite of the engulfing – the second candlestick is within the previous real body. It’s called Harami (pregnant) because of the appearance, a mother and a baby bulge alongside. The first day is a long day in the direction of the trend. But the next day starts lower and only trades in a small range, with a lower close, which points to weakness in the trend. Look for lower volume on the second day as a further reversal sign. The weakening of the trend makes traders consider selling their holdings, reinforcing the reversal.
The Bearish Harami Cross is similar, except the second candle is a Doji. This emphasizes the faltering in the market. Effectively the trading is paralyzed at the current level, and the bulls are losing their power.
The bullish versions of the Harami are just the same, but in the opposite direction – coming in an established downtrend and indicating a bullish reversal.
Harami patterns mean indecision in the marketplace. The market is trading in a narrow range and is unlikely to continue trading within this tight range meaning that a breakout may happen either on the next bar or a little while after. A way to trade this is to buy the break of the high on bar two or open a down bet on the break of the low on bar two (or you could place an OCO order to take advantage on a break either direction).
7 سال پیش
در تاریخ 1396/04/05 منتشر شده
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