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Harami Cross (Bullish)

A Japanese candlestick pattern signalling a possible bullish reversal. Harami is the Japanese word for pregnant since the candle formation can resemble the image of a pregnant woman. This pattern is formed by two candlesticks consisting of a long black-bodied candle followed by a Doji. The strong downtrend followed by the Doji signals uncertainty and indecision of the market. This might be interpreted as the downtrend losing its momentum and a possible bullish reversal may be imminent.

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