The Bearish Harami signifies a decrease of momentum. It occurs when a small bearish (filled-in) line occurs after a large bullish (empty) line in such a way that close of the bullish line is above the open of the bearish line and the open of the bullish line is lower than the close of the bearish line.
The Bearish Harami is a mirror image of the Bullish Engulfing Line.
If yesterday closed higher, a Bearish Harami will form when today's open is below yesterday's closed and today's close is above yesterday's open.
_|_ | | | | | | | ### | | ### | | | |___| | Bearish Harami
1. More information about the bearish harami on Page 33 of the book "Candlestick Charting Explained" by Gregory L. Morris. Morris says that this pattern suggests a trend change.
2. Steve Nison also says that the Harami Patterns suggest a trend change. This is on page 80 of his book "Japanese Candlesticks Charting Techniques".
3. http://www.equis.com/Customer/Resources/TAAZ/.
To install Finance::GeniusTrader, copy and paste the appropriate command in to your terminal.
cpanm
cpanm Finance::GeniusTrader
CPAN shell
perl -MCPAN -e shell install Finance::GeniusTrader
For more information on module installation, please visit the detailed CPAN module installation guide.