Indicators and patterns
2/18/2025
Indicators and patterns
The "Harami Pattern" is a two-candlestick pattern that indicates a potential reversal in the market. In this case, it occurred on the XAG/USD (Silver/US Dollar) currency pair on a 15-minute timeframe.The Harami Pattern consists of a large candlestick followed by a smaller candlestick that is completely engulfed by the previous candle. The second candlestick's body is within the range of the first candlestick, signaling a potential shift in market sentiment.
In this specific instance, the Harami Pattern is identified as "Bullish," suggesting a potential upward movement in the price. The signal generated is a "Buy" signal, indicating an opportunity for traders to consider entering a long position.
The price at which this signal occurred was 32.5975 on February 18, 2025, at 15:30 GMT. Traders may interpret this signal as a favorable entry point based on the bullish indication of the Harami Pattern.
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
