Bearish Harami Cross Pattern: The Doji at Rivian's 2022 High and Intuit's 2025 High

On September 15, 2022, Rivian printed a bearish harami cross at its August high, its highest price since April. Sold at that close with a stop above its high, the trade risked 2.9%. By March 9, 2023 the stock was down 63.4%, at its lowest close since it listed.

On September 23, 2025, Intuit printed one at the top of a rebound, 13.3% below its July record. The risk was 0.8%. By February 24, 2026, in the software sell-off, the stock was down 48.7%.

Neither stock has traded above its harami cross's high since. Here is how to read a bearish harami cross, where the stop goes, and how to find the next one.

What the fall cost#

A bearish harami cross is a sell signal for holders and an entry for short sellers.

Prices are split-adjusted, as on the chart.

The bearish harami cross in one table#

A bearish harami cross is two daily candles: a long green day, then a doji that opens and closes inside the green body. Buyers ran the first day. On the second, the price closed about where it opened, and both sat at or below the first day's close: the buying stalled. It is the bullish harami cross turned upside down, at a top instead of a bottom.

These are the rules the VCP Scanner terminal uses to name a bearish harami cross on a daily chart.

Only the bodies have to fit. The doji's shadows can reach outside: Rivian's traded up to 40.86, above the green day's high of 40.34. Day 2 needs some body, even a cent; an open and close at exactly the same price does not count.

The doji's colour does not matter. Rivian's closed 11 cents below its open and Intuit's 62 cents below it; a doji that closes a little higher counts the same.

Every harami cross is also a bearish harami: the cross is the harami with a doji as day 2. The terminal names it the cross first. Starbucks' January 2022 top, the lead in the bearish harami article, was a cross too.

The position rule matters most. A bearish harami cross comes after a rally. After a decline, the mirror image (a long red day with a doji inside it) is a bullish harami cross.

Bearish harami cross and its look-alikes#

A doji on its own is neutral. Inside a long green body after a rally, it becomes a bearish harami cross. A doji that sits above the green day, followed by a strong red day, is an evening doji star.

Example 1: Rivian (RIVN) at its August high, Sep 15, 2022#

Open RIVN in the VCP Scanner terminal →

What followed:

• Next session (Sep 16): closed at 39.26, −1.1%. Its high that day, 39.81, is the highest Rivian has traded since.
• Three sessions later (Sep 20): 35.75, the first close below the pattern's low of 37.77.
• Ten sessions later (Sep 29): 32.31, −18.6%.
• Dec 9: 27.29, −31.2%.
• Mar 9, 2023: 14.53, −63.4%, its lowest close since it listed. That is 21.5 times the 1.17 risked on each share.
• The high of 40.86 has never been retaken. On Nov 3, 2026 Rivian closed at 13.29, 66.5% below the cross's close.

Three gaps down did about a fifth of the fall: Rivian opened 5.7% lower on Oct 10, 2022, 8.5% lower on Mar 1, 2023, after a 2023 production outlook of 50,000 vehicles that missed forecasts, and 7.0% lower on Mar 7, 2023, after it announced a $1.3 billion convertible note sale.

With $500 at risk, the stop sized a short at 427 shares, about $16,948. At the Mar 9, 2023 close the short was up $10,743.

Example 2: Intuit (INTU) at its September 2025 high, Sep 23, 2025#

Open INTU in the VCP Scanner terminal →

What followed:

• Next session (Sep 24): closed at 694.79, −0.6%.
• Four sessions later (Sep 29): a high of 703.96, the closest Intuit has come to the stop since, 1.12 under it.
• Five sessions later (Sep 30): 682.91, the first close below the pattern's low of 685.55.
• Ten sessions later (Oct 7): 657.99, −5.9%.
• Nov 26: 629.13, −10.0%.
• Feb 24, 2026: 358.71, −48.7%, its lowest close since May 18, 2022. That is 57.7 times the 5.90 risked on each share.
• The high of 705.08 has never been retaken. On Nov 3, 2026 Intuit closed at 344.72, 50.7% below the cross's close.

The fall came without a gap down. Its one 5% gap went up, on Nov 21, 2025, the session after its Nov 20 earnings report. The steep part came in January and February 2026, when fears that AI would disrupt tax and small-business software hit the whole software sector. Intuit's worst day, Feb 3, 2026, was −10.9%, lost inside the session.

A 0.8% stop makes a big position: with $500 at risk, the stop sized a short at 84 shares, about $58,731. At the Feb 24, 2026 close the short was up $28,599. Cap the position size as well as the risk.

Where a bearish harami cross counts: key levels#

A bearish harami cross on a level is a test of that level from below. In the terminal, the Only at a key level switch is on by default and keeps the crosses that close back below one of these:

Rivian's came at a prior high: the doji traded above the Aug 12 high of 40.56 and closed back below it, so it shows with the switch on. Intuit's came at no level. To see crosses like it, turn Only at a key level off.

Rivian was in Stage 4, Stan Weinstein's declining stage: the stock trades below a falling 30-week average, and its cross capped a rebound. Intuit was in Stage 2, the advancing stage, and its cross capped a rebound inside it, below the July record.

How to trade a bearish harami cross#

1. Find the high. A bearish harami cross comes after a rally. Look for it at a prior high, a failed breakout's pivot, a falling average or the top of a rebound, like Rivian's in September 2022 and Intuit's in September 2025.
2. Check the bodies. A long green body, then a doji inside it. Rivian's 0.11 doji sat inside a 1.80 green body, and Intuit's 0.62 inside 15.56.
3. Choose your entry. Holders sell or tighten their stop at the doji's close, and some short sellers enter there. Others wait for a close below the pattern's low. Rivian gave that close three sessions later and Intuit five.
4. Put the stop above the high. Above the higher of the two highs (Rivian's was the doji's, Intuit's day 1's), or above the highest high of the test if price went higher earlier in it. The terminal calls this "the high, test included".
5. Size from the stop. Shares = money at risk ÷ (stop − entry). With $500 at risk on Intuit: 500 ÷ (705.08 − 699.18) = 84 shares.

Find bearish harami crosses on any chart in VCP Scanner#

• Open a stock in the terminal, for example RIVN or INTU.
• Open Candles in the chart toolbar and tick Bearish harami cross, or use the Bearish quick pick for every bearish candle on the chart.
• Only at a key level is on by default. Turn it off to see every bearish harami cross on the chart.
• The chart jumps to the latest bearish harami cross. A dot marks each one above its high, and the selected one shows its stop on the price scale.
• The inspector lists the close, stop, risk to stop, level, volume and stage. Walk through the others with the ← and → keys.
• Mark the ones you care about with the drawing tools. The arrows in the charts above are the Arrow Marker (Alt+A): click where the arrow starts, then click the candle.

Candles are free, on daily, weekly and monthly charts.

Bottom line#

• A bearish harami cross is a long green day followed by a doji inside its body: the buying stopped, and the second day ended where it began.
• Rivian's marked its August 2022 high and Intuit's its September 2025 high. They risked 2.9% and 0.8%, and the stocks fell 63.4% and 48.7% within 120 sessions.
• The pattern's high is the stop. It defines your risk before you take the trade.

Data: VCPScanner daily market data through Nov 3, 2026, split-adjusted. The examples are for education, not recommendations.