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Bullish Harami Scan 9 04 2017

The harami pattern is the opposite of the engulfing pattern, except that the candlesticks in the harami can be the same color. Like the engulfing pattern, the harami pattern consists of two candlesticks with the first candlestick being a large candlestick and the second being a relatively small candlestick. The name is derived from the Japanese word for pregnant, with the first candlestick seen as the “mother” with a large real body that completely enclosing or embodies the smaller second candlestick, creating the appearance of a pregnant mother. The second candlestick may appear to be a spinning top or a doji. When the second candlestick is a doji, the pattern is called a harami cross.

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