WEBVTT 0 00:09.040 --> 00:16.800 This is going to be a very quick lecture because we are not going to use any other double candle pattern. 1 00:17.110 --> 00:24.880 We have seen the bullish and the bearish engulfing pattern, tweezers top and tweezers bottom, the dark 2 00:24.880 --> 00:27.950 cloud cover and the piercing pattern. 3 00:28.030 --> 00:32.680 So you have a lot of double candle tools to face the market. 4 00:33.040 --> 00:39.850 I'm showing you very quickly the Harami but we are not going to use it because it is not useful in the 5 00:39.850 --> 00:41.910 forex market. 6 00:41.920 --> 00:48.950 The reason I'm showing the Harami is because it is very popular and you will easily find it in any book 7 00:48.950 --> 00:51.380 or guide about Forex trading. 8 00:51.640 --> 00:57.760 So I don't want you to leave a bad review saying the instructor didn't teach me the Harami. 9 00:58.090 --> 00:59.740 Just joking. 10 00:59.740 --> 01:02.600 There are other double candlestick patterns 11 01:02.620 --> 01:07.490 that we are not going to see because they are useless in the forex market. 12 01:08.110 --> 01:10.400 So you have enrolled in this course, 13 01:10.450 --> 01:17.820 you have invested money but, above all, time and I think that the best way to repay you is to filter 14 01:17.830 --> 01:22.960 between good and bad patterns without wasting your time. 15 01:22.960 --> 01:26.840 That being said, the Harami is another gap pattern. 16 01:26.980 --> 01:31.900 That means that it needs a gap between the two candles. 17 01:31.930 --> 01:38.540 Here we have a bullish Harami: the first candle is in line with the previous downtrend. 18 01:38.620 --> 01:43.550 Then there is a gap high, that is not in line with the previous trend. 19 01:44.170 --> 01:49.980 So the gap high is the first clue that sellers may lose their power. 20 01:50.050 --> 01:54.820 The second candle is a candle with a very small real body, 21 01:55.090 --> 01:57.440 ideally a doji. 22 01:57.610 --> 02:03.220 The second candle confirms the suspects that traders already had after the gap high. 23 02:03.250 --> 02:11.230 Sellers are losing power and now the battle between buyers and sellers seems equal. 24 02:11.230 --> 02:13.640 Here we can see a bearish Harami, 25 02:13.810 --> 02:20.730 ff course the logic behind is the same but this time it appears after an uptrend. 26 02:21.310 --> 02:25.530 We are not going to use the Harami for two reasons. 27 02:25.570 --> 02:28.930 The first reason is that it is very rare, 28 02:28.930 --> 02:35.790 you will have hard times if you try to find the Harami pattern in one of your charts. 29 02:35.800 --> 02:41.680 The second reason is that if you think about it, you don't really need to know the Harami to understand 30 02:41.710 --> 02:45.610 that the market is in a period of uncertainty. 31 02:45.670 --> 02:51.070 The second candle is already a candle with a very small real body or a doji. 32 02:51.160 --> 02:55.720 So the second candle by itself expresses indecision, 33 02:55.720 --> 02:58.470 just like we have seen for the doji. 34 02:59.140 --> 03:02.050 We also have other double candle patterns, 35 03:02.050 --> 03:08.340 most of them with a gap in between like the upside gap two crows that we see here. 36 03:08.620 --> 03:15.010 This is like an inverted Harami and in the stock market is used more or less in the same way we use 37 03:15.010 --> 03:17.520 the bearish engulfing pattern. 38 03:18.010 --> 03:24.250 I'm stopping here talking about the double candle patterns, I could talk for hours but we need to 39 03:24.250 --> 03:25.830 follow our path. 40 03:26.170 --> 03:30.470 So I hope you are excited to start the next part of the course. 41 03:30.520 --> 03:36.940 We are going to study the triple candlestick patterns and then we are going to face the market with 42 03:37.120 --> 03:40.120 all we have studied so far.