Wednesday, December 10, 2008

Engulfing pattern


Forexgen and the Harami pattern is the reverse of the Engulfing pattern. The Japanese word harami means pregnant or body within.

Recognition Criteria:

  • A long body followed by a shot body with opposite color.
  • A short body is completely within the prior day's long body.
  • The color of the second candle (the baby) is not important.

No comments: