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Monday, October 04, 2010 9:31:51 PM
RIMM formed a bearish harami today
What is a bearish harami?
A bearish harami may be formed from a combination of a large white or black candlestick and a smaller white or black candlestick. The smaller the second candlestick, the more likely the reversal. It is thought to be a strong sign that a trend is ending when a large white candle stick is followed by a small black candlestick.
Example:
A nice red close tomorrow will confirm a reversal down trend.
What is a bearish harami?
A bearish harami may be formed from a combination of a large white or black candlestick and a smaller white or black candlestick. The smaller the second candlestick, the more likely the reversal. It is thought to be a strong sign that a trend is ending when a large white candle stick is followed by a small black candlestick.
Example:
A nice red close tomorrow will confirm a reversal down trend.
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