The Bullish Harami is a bullish reversal candlestick pattern that indicates a potential shift from a downtrend to an uptrend. The pattern consists of two candles:

* First Candle : A large bearish (red) candle, indicating strong selling pressure.
* Second Candle : A small bullish (green) candle that is fully contained within the body of the previous bearish candle, creating the “pregnant lady” appearance.

This pattern suggests that the sellers are losing strength and the buyers may be gaining control, signaling a potential reversal to the upside.

How Traders Use It:
* Entry Point : Buy when the price closes above the high of the second candle.
* Stop-Loss : Place it below the low of the second candle to manage risk.
* Target Price : Estimate a target based on previous resistance levels or other technical indicators.

The Bullish Harami is often used in downtrending markets to identify potential reversals and capitalize on upward price movement.