Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

How To Spot a Bullish Harami Candlestick Pattern

9 Sept 2024 · 2 min

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2:04

In this tutorial Vladimir Ribakov explains the bullish Harami candlestick pattern, a two‑candle reversal formation. He describes the visual criteria: a large red (bearish) candle followed by a smaller green (bullish) candle whose body and wicks are completely contained within the body and range of the preceding red candle. Ribakov emphasizes that the pattern must appear at the end of a downtrend, signaling that sellers are losing momentum and buyers may take control, making it an early reversal cue. He illustrates the concept with two chart examples – OZEN, where a strong bearish candle is followed by a contained green candle, and a GBP/CAD daily chart where a clear bullish Harami precedes a shift to upward price movement. The video’s purpose is to teach traders how to identify the pattern and understand its implication for potential trend changes.

Chapters

How to spot a bullish Harami candlestick pattern? This is how a bullish Harami candle pattern looks like: a big red candle followed by a small green candle that is fully inside the red candle. The body is inside the red body, the green body inside the red body, and the green candle spikes are within the range of the red candle spikes. Here is how it looks like on the chart. The Harami, or in its meaning, the original meaning in Japanese, pregnant, is a reversal candle pattern. The bullish Harami, as we discussed before, consists of 2 candles: large red candle with large body followed by a little Green candle with small body. The green body has to be inside the red body, and the green candle spikes, highs and lows, the high and low should be inside the spikes of the red candle, inside the high-low of the red candle. Very important: the bullish Harami appears at the end of a downtrend and hints a potential reversal. It is an initial sign that the sellers are losing. Their momentum, and buyers are likely to take control from there. Here is an example on OZEN: strong bearish move, big red candle followed by smaller green candle. The green candle body is inside the red candle body, and green candle high-low is inside the red candle high-low. Here is an example on pound CAD daily chart at the end of a downtrend. We see a beautiful bullish Harami and the trend changes to the upside.