What is Harami Candlestick Pattern ?
The Harami candlestick pattern is a two-candle pattern that signals a potential reversal in the market trend. It is formed when a small candle, either bullish or bearish, is contained within the previous candle's real body.
A bullish harami pattern is formed when a small bearish candle is followed by a larger bullish candle. This indicates that the sellers have lost momentum, and the buyers are starting to take control. Traders may interpret this pattern as a signal to go long or buy, expecting an uptrend in the market.
On the other hand, a bearish harami pattern is formed when a small bullish candle is followed by a larger bearish candle. This indicates that the buyers have lost momentum, and the sellers are starting to take control. Traders may interpret this pattern as a signal to go short or sell, expecting a downtrend in the market.
Note : This candlestick pattern is less used by the trader, and kinda weak conformations (Specially in LTF [Lower Time Frame])
