Bearish Multi-Harami Pattern

When more candles are formed within the body of the previous bearish candlestick pattern, it shows a strong consolidation pattern after the uptrend. It is a strong bearish reversal pattern – let’s call it a Bearish Multi-Harami pattern.

Price falling below the lowest point of the Bearish Mult-Harami pattern is a bearish price breakout and indicates that the price will fall more.

You will find the Bearish Multi-Harami, Harami Cross and Bearish Harami pattern in the scanner as well as system designer section of Definedge software.

Click here to learn more about this pattern.

This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

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