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BULLISH HARAMI CANDLESTICK PATTERN ANALYSIS |
Hello friends welcome to tradersgrip. Today I will share in detail about the Bullish Harami candle. Do you know Bullish harami pattern meaning ?
The name of this candlestick is made up of two words. Bullish and Harami.The word bullish means Uptrend . Harami is a Japanese word meaning pregnant woman. This is a medium reliable bullish candlesticks pattern. But if momentum of market is good then it gives very strong signal to trade .
After formation of harami candlestick bearishness in the market is over and the uptrend is about to begin.
Bullish harami Pattern
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The smaller the second candle, the better this pattern will work. |
* The second candle is a small bullish candle. It is of green
colour.
* The second candle should be in the middle of the body of the first candle. ie. The second candle should be between the open and close prices of the first candle. So , The high of the first candle is called the high of this pattern.
Also Read Most Important Pattern * Bullish harami cross * Bearish harami pattern * Bearish harami cross * Bullish engulfing pattern
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Where is Bullish harami pattern formed ?
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Formation of Bullish Harami |
* It forms easily in every type of market such as Indian stock market, commodity market, foreign market etc.
* It appears in intraday charts, daily charts, weekly charts
and monthly charts. In these charts it works very well.
Where to use Bullish harami ?
* If you are trading in intraday then watch it in 5 minute and
15 minute time frame.
* If you do positional trading then see it in daily chart and
monthly chart.
How do you trade bullish Harami pattern?
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How to use Bullish Harami |
* Buy only if the new candle closes above the high of this
pattern. This is very necessary.
* The stop-loss is to be placed below the low price of this
pattern.
* In this pattern volume of second green candle must be more than that of first red candle. only then this pattern do well . volume of new candle should be more than both candles of this pattern.
Let us understand this in the Trading chart.
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Bullish harami Chart Analysis |
* Buy when the new candle closes above the high of this
pattern.
* The second number new candle in this chart has closed above
this pattern. This is the right time to trade.
* Put a stop-loss at the bottom of this pattern.
* Until a trend changing signal is received.
Important Point
* In Bullish Harami the second candle should be lie completely
in the body of the first candle.
* First Candle may be bearish
Maruboju.
* After the formation of this pattern, one should not buy
until the market price crosses its high.
* The smaller the second candle, the better this pattern will work.
* In this pattern volume of green candle must be more than that of first candle. only then this pattern work perfectly . volume of new candle should be more than both candles of this pattern.
How do you like this post? Do tell by commenting.
Also read this useful post for Successful trading
* Hammer * Inverted hammer * Shooting Star * Hanging man * Doji * Three White Soldiers * Three Black Crow |
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