Bearish Harami Cross

The Bearish Harami Cross double candlestick formation is similar to the Bearish Harami.  Both patterns are considered by traditional technical analysts to be "inside day" formations. 

Bearish Harami Cross

The Bearish Harami Cross double candlestick formation is similar to the Bearish Harami.  Both patterns are considered by traditional technical analysts to be "inside day" formations.  The difference between the two candlestick patterns is that the second day of the Bearish Harami Cross is a Doji.


Bearish Harami Cross Identification

The Bearish Harami Cross is a two day pattern where the second day Doji is completely contained within the range of the previous body.   The Harami Cross is bearish when it occurs at the top of an uptrend and there is a large bullish candle on Day 1.

Bearish Harami Cross candlestick pattern

Intrepretation of Bearish Harami Cross

The formations of the Doji candlestick indicates market uncertainty, resulting in low trading volume.  The Bearish Harami Cross tends to be more reliable than the Bearish Harami. The reliability increases with decrease in trading volume and shortening of shadows.  Confirmation is suggested when a bearish candlestick or large downside gap or lower close on the day after a Bearish Harami Cross.

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