Harami Pattern seen on FLI

After days of ascend, FLI showed some bearish signal today by way of a Harami. Price of FLI went to touch the 61.8% Fibonacci Retracement level which is our current resistance.

Bearish Harami Pattern is a two-candlestick pattern composed of a small red real body contained within a prior relatively long green real body. A confirmation of the reversal on the third day is required to be sure that the uptrend has reversed. This confirmation may be in the form of a red candlestick, a large gap down or a lower close on the 3rd day.

Caveat!

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