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

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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

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

At any point on the chart

At the top of an uptrend

In the middle of a sideways trend

At the bottom of a downtrend

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What are the two types of Harami patterns?

Bullish and Bearish

Doji and Spinning Top

Engulfing and Piercing

Morning Star and Evening Star

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What does the appearance of a Harami pattern suggest?

High market volatility

A potential trend reversal

A continuation of the current trend

Low trading volume

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

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

Wait for confirmation of a trend reversal before taking any action

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

Close any existing positions and stay out of the market

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What is the characteristic appearance of the second candle in a Harami pattern?

It is always a red candle, regardless of the first candle's color.

It has a small body, typically opposite in color to the first candle.

It is always a green candle, regardless of the first candle's color.

It has a long body, similar to the first candle.