The Bullish Harami is a two-candle pattern where a small body is contained within the range of the prior bearish candle.
It hints that selling momentum has stalled and buyers may step back in.
This strategy enters long once the second candle closes inside the first, expecting follow-through to the upside on the next bar.
A percent stop beneath the pattern provides protection, and the trade exits if price slips back below the setup.
Entry Criteria: pattern match
Long/Short: Both
Exit Criteria: stop-loss or opposite signal
Stops: Yes, percent based
Default Values:
CandleType = 15 minute
StopLoss = 2%
[*]Filters:
Category: Pattern
Direction: Both
Indicators: Candlestick
Stops: Yes
Complexity: Intermediate
Timeframe: Intraday
Seasonality: No
Neural networks: No
Divergence: No
Risk level: Medium