Bearish harami is made up of two candlesticks. The
first has a small body and the second a large
body that is totally encompassed by the
first. There are four possible combinations: white/white, white/black,
black/white and black/black. Whether they are bullish reversal or bearish
reversal patterns, all harami look the same. Their bullish or bearish nature
depends on the preceding trend. Harami are considered potential bullish
reversals after a decline and potential bearish reversals after an advance. No
matter what the color of the first candlestick, the smaller the body of the
second candlestick is, the more likely the reversal. If the small candlestick
is a doji, the chances of a reversal increase.
Banknifty made
this pattern on daily chart so if it crosses 25900 then on the basis of this
candle pattern it can go up too 26200
This is for
educational purpose.
No comments:
Post a Comment