Indicators and patterns
11/8/2024
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 bearish Harami pattern, suggesting a possible trend change from bullish to bearish. The pattern consists of a large bullish candle followed by a smaller bearish candle that is completely engulfed by the body of the previous candle. This indicates indecision in the market and a possible shift in momentum.The signal to "Sell" suggests that traders may consider selling their positions or opening short positions in anticipation of a downward price movement. The signal is based on the interpretation of the Harami pattern as a bearish reversal signal.
The signal occurred on the 15-minute chart of the BTC/USD pair at a price of 76218.13 on November 8, 2024, at 00:30 UTC. Traders may use this signal as part of their analysis to make informed trading decisions. It is important to consider other factors and use risk management strategies when acting on trading signals.
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
