Wednesday, December 10, 2008

Harami pattern

By Forexgen Platform in Harami pattern, if the small candle is a doji, the pattern is referred as Harami Cross. It is an important reversal sign, especially after a long body in a downtrend.

Recognition Criteria:

The second day's open and close are the same (Doji).

The Doji is in the range of the previous long day.

The long day appears within a trending market.

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