Indicators and patterns
11/27/2024
Indicators and patterns
The "Harami Pattern" is a two-candlestick pattern that indicates a potential reversal in the market. In this case, it is a bullish signal, suggesting a possible trend change from bearish to bullish. The pattern consists of a large candlestick followed by a smaller candlestick that is completely engulfed by the prior candle.The signal to "Buy" suggests that traders may consider entering a long position in anticipation of a price increase. In this specific instance, the Harami Pattern occurred on the 15-minute chart of the BTC/USD pair at a price of 91898.48 on November 27, 2024, at 00:45 UTC. Traders may interpret this signal as an opportunity to go long on Bitcoin against the US Dollar.
This is not investment advice. Remember to verify the information provided here.
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