Indicators and patterns
2/5/2025
Indicators and patterns
The "Harami Pattern" is a candlestick pattern that indicates a potential reversal in the market. In this case, it occurred on the XAG/USD (Silver/US Dollar) currency pair chart on a 15-minute timeframe. The pattern is considered bullish, suggesting a possible upward movement in the price.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 entry point for this signal is at 32.3495, which is the price level at the time the pattern was identified.
Traders and investors often use candlestick patterns like the Harami Pattern to make trading decisions based on the visual cues provided by the formation of the candles on the chart. It is important to consider other factors and use risk management strategies when acting on signals generated by candlestick patterns.
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
