Bearish Harami Cross

Bearish Harami Cross for NT8

A Bearish Harami cross is two bar candlestick pattern indicating a possible bearish reversal. Specifically, it may point towards a shift in market sentiment, from bullish to bearish. To learn more, check out the video below:

What is a Bearish Harami Cross

The first bar in the Bearish Harami Cross is a large body up-close whereas the second is a doji, contained within the large candle body. The large and doji body requirements are determined by a minimum / maximum threshold. This is done by making a comparison to the average bar size found in the reference period. The minimum / maximum thresholds and the reference period used to establish the average are adjustable.

An internal Swing Trend indicator determines the current trend bias, adjustable as per deviation type and a multiplier setting. The bullish equivalent of this patter is the Bullish Harami Cross.

As with other reversal patterns, the patterns should be combined with other technical tools, such as advanced momentum oscillators, volume analysis or channel indicators to confirm. An example on how to do that was discussed in this post.

Other bearish candlestick patterns

Other bearish candlestick patterns include the bearish belthold, bearish engulfing, bearish harami, black marubozu, dark cloud cover, shooting star, gravestone doji, hanging man, evening star, evening doji star, long black candle, tweezers top, three black crows and the falling three methods.

TheBearish Harami Cross and the above patterns may be identified with our candlestick pattern indicator for NinjaTrader 8. Check out the LizardIndicators Premium Section for more information.