Improve Your Market Timing: The Bullish Harami Candlestick Pattern
May 29th, 2010 | 
Author: - The Bullish Harami is a two candlestick reversal formation found at the bottom of a trend.
- The first candle of the formation is a long dark candle and the second is white.
- The open of the second candle is higher than the close of the first candle and the close is below the open of the first candle.
- Western technical analysis refers to the formation as an “Inside Day” when the both the real body and the shadows of the second candle are “inside” the first candle.
- The formation generally requires a follow through confirmation candle.
- The formation is more powerful when both of the candles are longer as opposed to shorter.
- The second candle can dictate the strength of the reversal of the formation by closing higher up into the first candle’s trading range.
- The formation is more credible if associated with higher than normal volume.
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