GBP/CHF
A Bearish Harami is a candlestick pattern in technical analysis that suggests a potential reversal of an uptrend. The pattern consists of two candles:
1. The first candle is a large bullish (upward) candle, indicating strong buying pressure.
2. The second candle is a smaller bearish (downward) candle, completely contained within the range of the first candle. This smaller candlestick suggests indecision in the market and potential weakness in the prevailing uptrend.
The Bearish Harami pattern is considered significant when it appears after a sustained uptrend, as it may indicate that bullish momentum is weakening and that a reversal to a downtrend could be imminent. However, like all technical analysis patterns, it should be confirmed with other indicators or analysis methods before making trading decisions. Traders often use additional confirmation signals such as volume analysis or other candlestick patterns to increase the reliability of their trading signals.
1. The first candle is a large bullish (upward) candle, indicating strong buying pressure.
2. The second candle is a smaller bearish (downward) candle, completely contained within the range of the first candle. This smaller candlestick suggests indecision in the market and potential weakness in the prevailing uptrend.
The Bearish Harami pattern is considered significant when it appears after a sustained uptrend, as it may indicate that bullish momentum is weakening and that a reversal to a downtrend could be imminent. However, like all technical analysis patterns, it should be confirmed with other indicators or analysis methods before making trading decisions. Traders often use additional confirmation signals such as volume analysis or other candlestick patterns to increase the reliability of their trading signals.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.