What is the recommended trade setup for a risk-taker encountering a Bullish Harami pattern? Option: Initiate a short trade near the close of the second candle (P2), Initiate a long trade near the close of the second candle (P2), Wait for confirmation of a trend reversal before taking any action, Close any existing positions and stay out of the market

<< Back

Hi

Show Ans

i

What is the recommended trade setup for a risk-taker encountering a Bullish Harami pattern?

Initiate a short trade near the close of the second candle (P2)

Initiate a long trade near the close of the second candle (P2)

Wait for confirmation of a trend reversal before taking any action

Close any existing positions and stay out of the market

<< Back

Hi

Show Ans

i

What is the recommended trade setup for a risk-taker encountering a Bearish Harami pattern?

Initiate a short trade near the close of the second candle (P2)

Initiate a long trade near the close of the second candle (P2)

Close any existing positions and stay out of the market

Wait for confirmation of a trend reversal before taking any action

<< Back

Hi

Show Ans

i

What is the stop-loss level for a trade based on a Bullish Harami pattern?

The highest high price between the first (P1) and second (P2) candles

The opening price of the first candle (P1)

The closing price of the second candle (P2)

The lowest low price between the first (P1) and second (P2) candles

<< Back

Hi

Show Ans

i

Where does a Bullish Harami pattern typically appear on a chart?

At the bottom of a downtrend

In the middle of a sideways trend

At the top of an uptrend

At any point on the chart

<< Back

Hi

Show Ans

i

What are the two types of Harami patterns?

Engulfing and Piercing

Bullish and Bearish

Doji and Spinning Top

Morning Star and Evening Star

<< Back

Hi

Show Ans

i

Where does a Bearish Harami pattern typically appear on a chart?

In the middle of a sideways trend

At any point on the chart

At the bottom of a downtrend

At the top of an uptrend