Bullish Multi-Harami Pattern

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

Price going above the highest point of the Bullish Mult-Harami pattern is a bullish price breakout and indicates that the price will continue to go up.

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

Click here to know more about the 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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