Bearish Harami Cross Candlestick Pattern Trading Strategy: (Statistics, Facts, & Historical Backtest)

The introduction of the candlestick chart in the 18th century has done a lot to simplify how we’ve come to know the once complex trading world.

Now, traders from all walks of life can analyze charts in their comfortable timeframes and make sense of what’s going on in the market. Even more, they can predict what might happen next by recognizing some patterns that have been proven to be tradeable.

One of these patterns is the Bearish Harami Cross and in this article, we will take a look at what the pattern is, how to identify, and profit from it, common mistakes to avoid while trading it, and a lot more.

What is A Bearish Harami Cross Pattern?

A Bearish Harami Cross pattern is a bearish reversal candlestick pattern that consists of two candlesticks. It is formed when the market is trending upwards, but then the bears take control and push the price down. The pattern gets its name from the Japanese word “harami,” which means “pregnant” because the second candlestick is contained within the body of the first candlestick.

The first candlestick is a large bullish candlestick that closes higher than the second candlestick.

The second candlestick in the pattern is a small body that forms within the previous uptrend. This candlestick is typically a Doji or a spinning top, which indicates indecision or a lack of commitment from the bull