It is reversal Japanese candlestick pattern formed a long candle followed by a small Doji. Harami cross indicate that may be previous market trend is about to reverse. Reversal pattern can be either bullish or bearish.
- Bearish harami is large bullish candle stick followed by a Doji. This pattern is formed during up market trend.
- Bullish harami cross is large bearish candlestick followed by a Doji. This pattern is formed during down market trend.
Harami cross candlestick pattern is considered more significant if it is formed at major support or resistance level. If it does then there is greater chance of market reversal.