Bearish Harami Pattern

Bearish Harami Pattern





The Bearish Harami Pattern is a particular formation that can alert you when a period of upwards movement is likely to come to an end. The setup for a bearish harami pattern is as follows; Firstly, this formation has to be located during the end of an uptrend because the whole purpose of a bearish harami is being able to stop the trend and produce reversal. Secondly, on the setup you should look for a large bullish candle and then finally on the actual signal you should look out for a bearish candle that fits nicely within the body of the previous candle.

Some examples of the Bearish Harami Patterns on various timescales on the Tradingview Chart Platform.

Bearish Harami Pattern

 

In this example we can see the Bulls had previous control and had been taking price further, when suddenly the Bears came in  which is shown in the perfect Harami Candle before finally the Bear to full control and dropped price although a tussle still takes place at a lower price with the Bulls.

 

 

 

Bearish Harami Pattern

 

This shows strength of the Bulls, with a tussle at the beginning when the Bulls were still trying to keep control, but the Bears come in to fight it out and created the long wick and showed they had more power than the Bulls.

 

 

Bearish Harami Pattern

 

 

In this example of the power of the Bulls shown in a large Bullish Candle, another tussle at the beginning when the Bulls were still trying to keep control, but the Bears have come in, a quick struggle shown in the wick, and the Bears have the strength to take price down.

 

 

 

Bearish Harami Pattern

 

 

 

We can see in this example, the candle previously clearly shows the Bulls in full command however the Bears just had a little too much strength and caused a quick struggle as shown in the wick before finally taking fully control producing the Harami and taking price down.

 

 

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