Harami Cross

The Bullish Harami Cross is a two-line bullish reversal pattern. The first candle encompasses the second one, being a Doji candle, including shadows.

The first line of the pattern can be any black candle that appears as a long line. Black Spinning Tops are not accepted. The second line is a Doji candle that has two shadows that form a cross.

The Bullish Harami Cross appears in a downtrend and predicts its reversal. The pattern should be confirmed on the next closest candles. A Doji candle that appears as a second line indicates indecision in the market. It is interesting to note that in order for the pattern to be recognized as valid, its first line must be a long black candle, which could become an important resistance zone. For this reason, traders should be careful when such a pattern forms on the chart.