This is a major bullish reversal pattern which is even more significant than a regular Bullish Harami. The outline again looks like a pregnant woman as with the Bullish Harami Pattern. However now the baby is a Doji. Basically the pattern is characterized by a black body followed by a Doji that is completely inside the range of the prior black body.
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The Doji that is formed on the second day is completely engulfed by the body of the first day.
Pattern Requirements and Flexibility
The Bullish Harami Cross consists of two candlesticks in which the body of the first black candlestick engulfs the body of the following Doji. The body of the first candlestick may be short.