HP Harami Bull Bear Pattern Indicator
HP Harami Bull Bear Pattern: It is a useful tool for a trader who work on candle patterns.
Bearish Harami’s: first candle indicates that the current uptrend is continuing and the bulls are pushing the price higher. However, the bears then step in and the price opens lower than the previous day’s close. The bulls grab their profits and exit before the price closes lower for the day.
Bullish Harami: first candle indicates that the current downtrend is continuing and the bears are pushing the price lower. However, the bulls then step in and the price opens higher than the previous day’s close. The bulls now preside and the stock goes up in price.
Harami pattern gives you an idea about market movement in last 2 candles/bars and based on the pattern indicator, a trader can speculate the market scenario for current day and take trading decisions.
- This is a simple to use indicator in which the Harami pattern are detected on chart and looted on chart.
- The indicator also displays bullish and bearish candles on the chart along with Harami patterns.
- It can be attached to all symbols.
- It can be attached on all time frames.