Bullish Harami Cross

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

Bullish Harami Cross

The Bullish Harami Cross double candlestick formation is similar to the Bullish 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 Bullish Harami Cross is a Doji.


Bullish Harami Cross Identification

The Bullish 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 bullish when it occurs at the bottom of a downtrend and there is a large bearish candle on Day 1.

Bullish Harami Cross candlestick pattern requires confirmation

Bullish Harami Cross Interpretation

The formations of the Doji candlestick indicates market uncertainty, resulting in low trading volume.  The Bullish Harami Cross tends to be more reliable than the Harami. The reliability increases with decrease in trading volume and shortening of shadows.

Confirmation is suggested when a bullish candlestick or large upside gap or higher close on the day after a Bullish Harami Cross.

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