Here's what it looks like:
1. First candle: A bearish candle with a long body that indicates an existing bearish trend.
2. Second candle: A bullish candle with a body that completely enters the previous bearish candle. It closes above the opening of the previous candle and signals a possible price reversal towards a bullish trend.
The Bullish Harami pattern indicates a change of forces from bears to bulls and can be interpreted as a signal to open a buy position. However, as with any other pattern, it is important to take into account the market context, supporting indicators and other factors in order to make an informed trading decision.
Despite the fact that "Bullish Harami" is considered a potential signal of price growth, it does not guarantee successful trading. Traders are encouraged to use this pattern in combination with other analysis tools and strategies to increase the probability of a successful trade.
