What is a Bullish Harami Pattern? The Bullish Harami candle pattern is a reversal pattern appearing at the bottom of a downtrend. It consists of a bearish candle with a large body, followed by a bullish candle with a small body enclosed within the body of the prior candle. As a sign of changing momentum, the small bullish candle ‘gaps’ up to open near the mid-range of the previous candle
How to Identify a Bullish Harami on Trading Charts Spot an existing downtrend
Look for signals that momentum is slowing/reversing (stochastic oscillators, bullish moving average crossover, or subsequent bullish candle formations).
Ensure that the body of the small green candle measures no more that 25% of the previous bearish candle. Stocks will gap up, showing the green candle mid-way up the previous candle. Forex charts will mostly show the two candles side by side.
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