Bearish Harami Reversal Cryptocurrency Chart Pattern.

Crypto Candlestick Chart Pattern Recognition: Bearish Harami Reversal pattern

By analyzing the most recent OHLCV price movements of the last days. Daily updated!

Bearish Harami Reversal Candlestick Pattern

The Bearish Harami is a candlestick pattern that indicates a possible reversal of a current uptrend to a new downtrend. The pattern is formed by two candles: the first is a large bullish candle, and the second is a smaller bearish candle that is completely contained within the range of the first candle's body. The presence of a Bearish Harami can signify that the current bullish momentum is losing strength and a bearish reversal is on the horizon.

Characteristics of the Bearish Harami:

• The first candle in the pattern is bullish and indicates a strong upward move.
• The second candle is bearish, opening higher than the first candle’s close and closing lower than the first candle’s open.
• The entire body of the second candle is contained within the body of the first candle, reflecting the indecision in the market and potential for a change in direction.

In the Bearish Harami function:

• The up Candle function verifies that the first day's candle is bullish.
• The down Candle function checks that the second day's candle is bearish.
• Additional conditions ensure that the second candle's open is higher than the first candle's close, and the second candle’s close is lower than the first candle’s open, confirming the "harami" or "pregnant" pattern.

Traders and investors should approach the Bearish Harami as a cautionary signal of potential downtrend, not as a definitive indicator of a trend reversal. Additional confirmatory signs, including subsequent bearish candles or technical analysis indicators, should be considered to confirm the reversal before executing trades. Risk management and a well-considered trading strategy are essential when trading based on candlestick patterns like the Bearish Harami.