Hector Deville's Best Advanced MT4 Indicator
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Harami Cross
The Psychology
In an uptrend or within a bounce of a downtrend a long white day occurs. The next day's gap down comes as a surprise to bulls who thought they were sitting on a great position the previous day. Reliability of the bearish Harami Cross is better than that of the bearish Harami, but it is still on the low side. A weak following day is needed for confirmation.
Identification
A long white day is followed by a Doji that gaps down and is completely engulfed by the real body of the first day.
Pattern: reversal
Reliability: moderate