To see the
performance of the pattern in your stock exchange in the context of
other stock markets please examine the table below. Find your stock
market there and see how it ranks among the others. This will give you
an idea about the pattern’s strength and reliability and help you in
your selling decisions.
BEARISH HARAMI
Definition
This pattern
consists of a white body and a small black body that is completely
inside the range of the white body. If an outline is drawn for the
pattern, it looks like a pregnant woman. This is not a coincidence.
“Harami” is an old Japanese word for “pregnant”. The white candlestick
is “the mother” and the small candlestick is “the baby”.
Recognition Criteria
1. The market is characterized by a prevailing uptrend.
2. A white body is observed on the first day.
3. The black body that is formed on the second day is completely engulfed by the body of the first day.
2. A white body is observed on the first day.
3. The black body that is formed on the second day is completely engulfed by the body of the first day.
Pattern Requirements and Flexibility
The pattern
consists of two candlesticks, in which the first day’s white candlestick
engulfs the following day’s black candlestick. The first one should be a
normal or a long white candlestick. Either the body tops or the body
bottoms of the two candlesticks may be at the same level, but whatever
the case, the black body should be smaller than the previous white body.
Trader’s Behavior
The Bearish
Harami is a sign of disparity in the market’s health. The market is
characterized by an uptrend and a bullish mood, and there is heavy
buying indicated by a white body, which further supports the
bullishness. However, the next day prices open lower or at the close of
the preceding day and stay in a small range throughout the day, closing
even lower, but still within the previous day’s body. Traders are now
concerned about the strength of the market, due to this suddenly
deteriorating trend.
Sell/Stop Loss Levels
The
confirmation level is defined as the last close or the midpoint of the
first white body, whichever is lower. Prices should cross below this
level for confirmation.
The stop loss level is defined as the higher of the last two highs. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered.
The stop loss level is defined as the higher of the last two highs. Following the bearish signal, if prices go up instead of going down, and close or make two consecutive daily highs above the stop loss level, while no bullish pattern is detected, then the stop loss is triggered.
Di plek dari alamat: http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2202
Tidak ada komentar:
Posting Komentar