BULLISH HARAMI
The chart showing Series 1 series.
To see the performance of the pattern in your stock exchange in the context of other stock markets please examine the table below. Find your stock market there and see how it ranks among the others. This will give you an idea about the pattern’s strength and reliability and help you in your buying decisions.
BULLISH HARAMI
Definition
This pattern consists of a black body and a small white body that is completely inside the range of the black body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The black candlestick is “the mother” and the small candlestick is “the baby”.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The white body that is formed on the second day is completely engulfed by the body of the first day.
Pattern Requirements and Flexibility
The pattern consists of two candlesticks, in which the first day’s black candlestick engulfs the following day’s white candlestick. The first one has to be a normal or long black candlestick. Either the body tops or the body bottoms of the two candlesticks may be at the same level, but whatever the case, the white body should be smaller than the previous black body.
Trader’s Behavior
The Bullish Harami is a sign of disparity in the market’s health. The market is characterized by a downtrend and a bearish mood, and there is heavy selling reflected by a black body, which further supports the bearishness. However, the next day prices open higher or at the close of the preceding day and the short traders are alarmed. This leads to the covering of many short positions, causing the price to rise further. The latecomers short the trend they missed the first time, and slow down the rise. Thus, a small white body is formed. This may signal a trend reversal since the second day’s small real body shows that the bearish power is diminishing.
Buy/Stop Loss Levels
The confirmation level is defined as the last close or the midpoint of the first black body, whichever is higher. Prices should cross above this level for confirmation.

The stop loss level is defined as the lower of the last two lows. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected, then the stop loss is triggered.
Pattern Performance in Stock Exchanges since 1/1/2011
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
JapanSAPPORO 1711964.7181.829.180.368.82
JapanSAPPORO 1711964.7181.829.180.368.82
USOTCBB 141775035652.9347.479.603.536.08
USOTC PINK 142248091400856.9449.497.973.034.94
Greece ATHENS 155698753063.4353.706.231.504.73
South KoreaKOSDAQ 2271614065916861.9265.185.610.894.72
IndiaBSE 27821164961007259.2961.065.451.054.40
IndiaNSE 2035812266763060.2562.205.260.914.36
Saudi ArabiaTADAWUL 30211942124364.2864.014.610.534.08
ArgentinaBUE 63139826163.0765.584.850.893.96
UKLSE 2388314556936560.9564.344.420.723.70
NorwayOSE 2605157690160.5057.174.851.163.69
UAEUAE 61838722062.6256.854.591.083.51
USNASDAQ 44222282871796463.9763.514.390.923.46
USAMEX 64713925234560.6659.754.461.013.45
USWARRANTS 2521569561.9060.904.681.283.40
South KoreaKRX 1966612315763762.6561.984.170.773.40
Hong KongHKEX 2064411944644057.8653.924.621.253.37
ChinaSZSE 31618215251458268.0867.744.040.683.36
TaiwanGTSM 141538302497858.6659.963.990.743.25
IndonesiaIDX 43902582133158.8251.554.461.223.24
JapanTOKYO 50192325621944964.8759.734.090.863.23
JapanTOKYO 50192325621944964.8759.734.090.863.23
TurkeyBIST 97235648328758.0958.204.060.833.23
EgyptEGX 169290349653.3754.934.511.303.21
PortugalLISBON 61934721556.0661.963.980.783.20
IsraelTASE 36312305141863.4861.524.020.943.08
SpainIBEX 2018131980465.3660.963.860.803.06
The World 59289537603223171863.4361.613.910.863.05
OmanMSM 2321368058.6258.823.860.853.01
DenmarkCOPENHAGEN 1625101758362.5857.333.840.902.94
QatarQE 48430019161.9863.673.340.442.90
JapanNAGOYA 30719210762.5455.733.891.142.76
JapanNAGOYA 30719210762.5455.733.891.142.76
KuwaitKSE 80944718955.2542.284.521.782.74
ChinaSSE 2341915370993965.6364.663.320.632.68
SwedenSTOCKHOLM 65134083229462.6956.183.721.052.67
BrazilBOVESPA 57343452214360.2062.083.310.712.60
FrancePARIS 101566548403964.4761.683.250.682.57
ItalyBORSA 88855769339164.9358.783.130.772.37
TaiwanTWSE 2146713047763160.7858.493.020.682.34
MexicoBMV 1813117777564.9265.852.870.552.32
USNYSE 57813394322586968.2165.602.860.582.28
GermanyXETRA 103207029429168.1161.052.980.752.24
AustraliaASX 113096604358158.4054.223.631.402.23
CanadaTSX-V 49892601108452.1341.685.102.922.18
MalaysiaBURSA 75164350223057.8851.263.211.032.18
CanadaTSX 2129513551764463.6356.412.890.842.05
NetherlandsAMSTERDAM 25211676102366.4861.042.690.652.04
BelgiumBRUSSELS 1771113068063.8160.182.600.671.93
SwitzerlandVIRTX 50935223369.1666.192.440.561.88
Austria WIENERBORSE 68946028966.7662.832.600.731.87
SingaporeSGX 45772570128956.1550.162.831.051.79
SwitzerlandSIX 38892602152966.9158.762.260.641.62
JapanFUKUOKA 68422261.7652.381.810.791.02
JapanFUKUOKA 68422261.7652.381.810.791.02
USPREFERRED 38822726160470.2258.841.210.310.90
JordanASE 74041014955.4136.342.762.010.75
Patterns Total: How many of this particular pattern has been detected in this period
Confirmed Total: How many of the detected patterns were confirmed and converted into signals
Profitable Signals: The number of the confirmed patterns that have given profitable trades
Confirmation %: The percentage of the confirmed patterns with respect to the total occurrences of this pattern
Profitable Signal %: The percentage of the successful confirmed patterns with respect to the total confirmed patterns
Per Trade Profit %: Total Profits / Total Trades
Per Trade Loss %: Total Losses / Total Trades
Per Trade Net%: (Total Profits–Total Losses) / Total Number of Trades
Samples: Live sample ticker symbols from stock exchanges with links to stock pages of the related bulls.com© family websites
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