Bullish Harami Cross

Bullish Harami Cross for NT8
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A Bullish Harami Cross is two bar candlestick pattern indicating that a down trend may be coming to an end. It is therefore a bullish reversal pattern, pointing to a shift in market sentiment. Check out the video below to learn more:

What is a Bullish Harami Cross

The first bar in the Bullish Harami Cross is a large body down-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. It is established by making a comparison to the average bar size found in the reference period. The minimum / maximum thresholds, and the reference period used to calculate the average are adjustable.

An internal Swing Trend indicator furthermore determines the current trend bias, user selectable as per deviation type and a multiplier setting. The bearish equivalent to this pattern is the Bearish Harami Cross.

One should combine these pattern with other technical tools to improve probability. For example, our Indicator Library has categories for advanced momentum oscillators, volume analysis and / or channel indicators that may be used to confirm price action setups.

An example on how to do that was discussed in this post.

Other bullish candlestick patterns

Other bullish candlestick patterns include thebullish belthold, bullish engulfing, bullish harami, white marubozu, bullish piercing, bullish hammer, dragonfly doji, inverted hammer, morning star, morning doji star, long white candle, tweezers bottom, three white soldiers and the rising three methods.

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