Harami Patterns

The Power of Market Contractions Harami Patterns consist of two candlesticks, where the first candlestick has a large body and the second candlestick is contained within the body of the first. Bullish Harami occurs during a downtrend, suggesting a potential bullish reversal, while Bearish Harami appears in an uptrend, indicating a potential bearish reversal.

These patterns represent a contraction in market volatility and a potential shift in sentiment. Traders typically seek confirmation from other indicators or price action before making trading decisions based on Harami Patterns.