Bullish Harami

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Figure 1. Bullish Harami pattern.

Japanese name: harami
Forecast: bullish reversal
Trend prior to the pattern: downtrend
Opposite pattern: Bearish Harami
Extended pattern: Three Inside Up

Construction:

• First candle
  • a candle in a downtrend
  • black body
• Second candle
  • white body
  • candle's body engulfed by the prior (black) candle's body

This article is devoted to the Bullish Harami two-line pattern.

The Bullish Harami is a two-line pattern which the black candle's body of the first line engulfs the white candle's body of the second line.

The first line can be any basic candle with a black body, appearing as a long line, i.e.: Black Candle, Long Black Candle, Black Marubozu, Opening Black Marubozu, Closing Black Marubozu. Candles being spinning tops, even with black bodies, cannot appear on the first line.

The second line can be any white basic candle, appearing both as a long or a short line. It can be even a doji candle, except the Four-Price Doji.

The shadows do not matter what is explained in the following article: Two-Line Patterns.

The pattern appears in a downtrend and forecasts its reversal. The Bullish Harami pattern needs confirmation on the subsequent candles.

Morris created the Three Inside Up pattern as a confirmation of the Bullish Harami. The pattern can be confirmed by breaking the nearest resistance zone or a trendline.

If a candle following pattern's appearance closes below the opening price of the second line (i.e. white candle), it is likely that a downtrend will be continued. Conversely, when a candle following the pattern closes above its second line, there is a chance that the downtrend will be stopped.

The one should be careful when the first line of a Bullish Harami has a long black body as it may form a strong resistance zone.

The market context in which a Bullish Harami is being developed is more important than the candles' bodies or shadows length.

Figure 2. The Bullish Harami pattern is confirmed by the White Candle, which is located above the trendline. The White Candle is a part of the Turn Up bullish pattern.

Figure 3. The figure presents that the biggest "problem" of the harami patterns is their first candle. On the chart, we can see that the market could not win with the Black Candle being the first line of the Bullish Harami pattern.

Bullish Harami statistics

Below you can find some Bullish Harami pattern statistics calculated by CandleScanner software. To see more detailed statistics, for other markets and periodicity try our CandleScanner software. Prices start at only $10, and you can see more detailed statistics, for other markets and periodicity. Click here to find out more!