Bullish Harami

Bullish Harami

In candlestick charting, a bullish sign in which candlesticks show the reversal of a market downtrend. A bullish harami is conceptualized by a large black candlestick (representing one trading day with a large loss) followed by a much smaller white candlestick in which both the top and the bottom are no longer than the top or the bottom of the black candlestick (representing the next trading day with a smaller gain). Technical analysts often recommend buying a security undergoing a bullish harami.
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A bullish Harami pattern appears to be forming on the daily chart at a 50% Fibonacci support level formed from the 1.
Marked by a bullish Harami pattern, USD/SGD looks to re-challenge the 14482 level.