Bearish Harami Cross - Bearish Reversal

The Bearish Harami Cross Pattern is a sign of disparity about the market’s health. Market is bullish and strong buying continues as evidenced by the long, white real body but then we see the doji. This shows that the market may not continue in uptrend.

On 10/6/10, The S&P chart shows a bearish harami cross.

A lower close or large gap down on the 3rd day is required to confirm the bearish reversal.