Harami Pattern – Basic Multiple Candlestick Pattern

The word Harami in Harami Pattern means ‘pregnant’ in Japanese, and the word defines this pattern. This pattern consist of two candlesticks which shows sign of trend reversal. The first candle is long candle which shows strong trend while second candle has a small body which opens higher than first candle’s close and closes lower than first candle’s open which shows trend reversal.

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Hanging Man – Basic Single Candlestick Pattern

Hanging Man is a single candlestick bearish reversal pattern which helps to identify reversal pattern from bullish to bearish. This pattern forms during the uptrend but there is no assurance of that. Hanging man and hammer are similar in pattern the only difference is that hanging man forms during uptrend and give sign of bearish trend and hammer forms during downtrend and gives sign of bullish trend.

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