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Wednesday, October 11, 2017 10:05:00 PM
EDIG Todays candle formed a 'Bullish Harami'
What is a 'Bullish Harami'
http://www.investopedia.com/terms/b/bullishharami.asp
A bullish harami is a candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. The bullish harami is a downtrend or bearish candlestick (red) engulfing a small bullish candlestick (green), giving a sign of a reversal of the downward trend. Since the bullish harami indicates the bearish trend may be reversing, it may be a good time to enter into a long position.
What is a 'Bullish Harami'
http://www.investopedia.com/terms/b/bullishharami.asp
A bullish harami is a candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. The bullish harami is a downtrend or bearish candlestick (red) engulfing a small bullish candlestick (green), giving a sign of a reversal of the downward trend. Since the bullish harami indicates the bearish trend may be reversing, it may be a good time to enter into a long position.
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