Harami Cross Bullish Candlestick Pattern

The Psychology
In a downtrend or within a pullback of an uptrend, a long black day occurs. The next day’s gap up comes as a surprise to the shorts who thought they were sitting on a great position the previous day. The stock closes where it opens to signify a churn day with neither the bulls nor bears showing much force after the opening gap up. Reliability of the bullish Harami Cross is low, so a strong following day is needed for confirmation.

A long black day is followed by a Doji which gaps opposite the trend and is completely engulfed by the real body of the first day.

Pattern: reversal
Reliability: low