✤ Setup Conditions
1. 1st candle’s close must be less than 1st candle’s open, it means 1st candle is a red candle.
2. 2nd candle’s close must be greater than 2nd candle’s open, it means 2nd candle is a green candle.
3. 2nd candle’s high must be less than 1st candle’s high, it means 2nd candle has a lower high.
4. 2nd candle’s low must be greater than 1st candle’s low, it means 2nd candle has a higher low.
5. 2nd candle’s entire range must be less than entire range of 1st candle.
A Bullish Harami is a candlestick pattern that suggests a potential reversal from a downtrend to an uptrend. It consists of two candles:
1. First Candle
☛ A large bearish candlestick (long red/black body) indicating strong selling pressure.
2. Second Candle
☛ A smaller bullish candlestick (small green/white body) that is entirely contained within the body of the first candle.
✤ Key Characteristics
☛ The smaller second candle shows a reduction in selling pressure.
☛ It indicates market indecision and potential for a bullish reversal.
✤ Confirmation
☛ Traders look for the next candle to close higher than the high of the second candle to confirm the bullish reversal.
