How to identify

1.   A downtrend is under way 2.   A long black day occurs 3.   The second day is a Doji within the range of the previous day's real body

The Harami Cross bull starts out the same as that for the basic Harami bull pattern. A trend has been in place when all of a sudden the market gyrates throughout a day without exceeding the body range of the previous day. What is worse the market closes at the same price as it opened. Volume on this, a Doji day also dries up reflecting the complete lack of decision by traders. A significant reversal of trend has occurred. The Harami Cross bull pattern is more reliable than the basic Harami bull and signifies a reversal for the bulls. Confirmation of the trend reversal would by an opening above the body of the Doji on the next trading day with a white candlestick, a large gap up or by a higher close on the next trading day.

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