Bearish Harami Pattern

Pattern type: Top Trend Reversal

Formations:
1. Previous Trend should be Bullish.
2. Day 1 should be Green.
3. Day 2 should be Gap-down and Red in colour.
4. Day 2 has to close in between day 1 candle Real body.
5. Day 2 can be Doji ( Doji = Small candle with heavy wicks).
6. Wix or Shadow can go anywhere, we just have to focus on Real
Body.
Only go for some kind of trends, don't try to search these kinds of
patterns in consolidation or sideways markets.
Confirmation :
1. A Gap down of Red Candle is must and then it has to close in
between the real body of Day 1.
2. Volume Confirmation as per Candle 2 Always.
Conditions :
1. First, try to join the Resistance line, and near about Resistance you
will get the formation of the Bearish Harami.

Information By: CityInvest Divish S.

Website : ​https://www.cityinvestwisely.com
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 Avoid this kind of pattern

How to take trades

Target Time Frame:
The timeframe for a target in all candlesticks reversals Thumb rule: It
will achieve target in next 8-12 candlesticks, (90% of Target get
achieved in 8-12 Candles) but if something going beyond 17
Candles then focus on the chart again or You have to Exit the
trade, But first check the chart if there is no trend then better to
exit.
Risk/Reward Ratio:
First go with 1:1 ratio ( risk /reward)
If your stop loss is Rs 5 then your target will be Rs 5 only that means
1:1

Information By: CityInvest Divish S.

Website : ​https://www.cityinvestwisely.com
Facebook : ​www.facebook.com/cityinvestmentservices
Telegram Stocks: ​https://t.me/cityinvest
Telegram FNO: ​https://t.me/cityfno
Telegram Crypto : ​https://t.me/citycryptocurrency
Telegram Global Stocks :​ ​https://t.me/cityglobalstocks