Indicators and patterns
9/6/2024
Indicators and patterns
The "Harami Pattern" is a two-candlestick pattern that indicates a potential reversal in the market. It consists of a large candlestick followed by a smaller candlestick that is completely engulfed by the body of the first candlestick.In this case, the Harami Pattern has been identified on the 15-minute chart of the BTC/USD pair. The pattern is considered bullish, suggesting a possible trend reversal to the upside.
The signal generated by this pattern is a "Buy" signal, indicating that traders may consider entering a long position in anticipation of a price increase.
The price at which this signal was identified is $56,412.36, and it occurred on September 6, 2024, at 5:30 AM. Traders should consider this signal in conjunction with other technical analysis tools and risk management strategies before making any trading decisions.
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
