Bearish Harami

The Bearish Harami candle stick pattern is a 2 candle pattern that involves a large bullish candle followed by a smaller bearish candle whose body is fully enclosed within the body of the larger bullish candle just before it. We are not concerned with the candle wicks here, only the body of the 2 candles and their relationship with each other.

The Bearish Harami Indicator is a Boolean indicator that returns true on the 2nd candle, the smaller bearish candle, of the 2 candle pattern. This is the "Trigger Candle" that completes the pattern.

The 75 minute chart of ADANIENT-EQ below shows multiple instances of the Bearish Harami Patterns marked by the indicator. Note how the indicator returns true on the 2nd candle of the 2 candle pattern.

The Bearish Harami pattern can occur at different point sin the chart but is most effective when it forms after an uptrend. When this happens, we can assume that a reversal to a bearish move can occur. Confirmation fro other sources must be obtained before entering a position using this pattern.