The "bearish" Harami could actually be more bullish than bearish according to Bulkowski.
Bearish Harami Important Results
We haven't got confirmation of trend reversal today....More like Soaking/absorption...Or a pause.
Column 1 Column 2 0 Theoretical performance: Bearish reversalTested performance: Bullish continuation 53% of the timeFrequency rank: 26Overall performance rank: 72Best percentage meeting price target: 64% (bull market, down breakout)Best average move in 10 days: -4.01% (bear market, down breakout)Best 10-day performance rank: 50 (bear market, down breakout)All ranks are out of 103 candlestick patterns with the top performer ranking 1. "Best" means the highest rated of the four combinations of bull/bear market, up/down breakouts.
The above numbers are based on hundreds of perfect trades. See the glossary for definitions.Bearish Harami
One wonders if it is all random.
I guess the important thing to consider is the background technical strength leading up to the breakout.
Descending Triangle Breakout, page-106
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15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $26.21M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.0¢ | $1.559K | 10.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 14821 | 1 |
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| Last trade - 12.53pm 03/07/2024 (20 minute delay) ? |
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