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.
Title
Pattern Performance in Stock Exchanges since 1/1/2014
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
JapanSAPPORO 1510866.6780.0012.600.1012.50
USOTCBB 162884054.3245.4511.453.068.40
ArgentinaBUE 76951436666.8471.218.200.627.58
CanadaCSE 127632749.6142.8611.105.145.95
USWARRANTS 2071398567.1561.157.171.345.83
ChinaSZSE 25413183551346272.2373.346.090.705.40
USOTC PINK 148158443411757.1448.638.403.065.34
IndiaBSE 28214175891129262.3464.206.140.995.15
IndiaNSE 2201913878908963.0365.495.770.814.95
ChinaSSE 1717412390912572.1473.655.420.644.78
South KoreaKOSDAQ 2417614692951660.7764.775.360.784.58
Hong KongHKEX 2491814051773356.3955.045.521.214.31
UKLSE 2277613745893860.3565.034.680.723.96
Saudi ArabiaTADAWUL 30471964131264.4666.804.560.663.90
RussiaMICEX 2501156794262.6560.114.630.813.82
USAMEX 51163048176859.5858.014.811.053.75
NorwayOSE 31031789100257.6556.014.911.253.66
IndonesiaIDX 52612925159255.6054.434.390.883.51
BrazilBOVESPA 53993272203760.6062.264.330.833.51
TurkeyBIST 84175052311660.0261.684.130.723.41
South KoreaKRX 2030012422765061.1961.584.040.713.33
USNASDAQ 42248265261622762.8161.154.290.963.33
The World 60446938120623593163.0861.884.040.823.22
EgyptEGX 106663637459.6658.814.291.113.18
JapanFUKUOKA 81583971.6067.243.340.313.03
TaiwanGTSM 135947820466157.5359.603.710.713.00
IsraelTASE 35772200138761.6262.933.780.802.98
SwedenSTOCKHOLM 84755232304361.7558.153.880.972.92
SpainIBEX 2076126076460.6960.633.630.732.89
JapanTOKYO 47370309071875965.2560.693.610.742.87
Greece ATHENS 106466737862.6956.674.281.592.69
OmanMSM 115623453.9154.843.741.082.66
PortugalLISBON 53133620363.2860.423.671.042.63
QatarQE 56833821259.5162.723.140.532.61
ItalyBORSA 97366287380064.6860.353.190.712.48
DenmarkCOPENHAGEN 1695105061761.9558.763.140.722.42
UAEUAE 76745123258.8051.443.521.112.41
FrancePARIS 108886783421062.3062.073.040.652.38
AustraliaASX 122647282398259.3854.683.521.162.36
MexicoBMV 2204145490865.9762.452.840.582.26
GermanyXETRA 122498181511166.7962.472.870.652.22
CanadaTSX 1909511847672962.0456.802.990.842.14
CanadaTSX-V 3209166266851.8540.145.102.982.12
TaiwanTWSE 2112212462719759.0057.752.720.602.12
USNYSE 55893368542236365.9460.682.740.652.09
Austria WIENERBORSE 65442926365.6061.312.770.692.08
NetherlandsAMSTERDAM 26371715108265.0463.092.610.572.05
BelgiumBRUSSELS 1744111971064.1663.452.570.552.02
MalaysiaBURSA 87624816240954.9650.022.961.101.86
SingaporeSGX 44532342107752.5945.992.701.081.63
SwitzerlandSIX 49733372207367.8161.482.160.551.61
JordanASE 57629711251.5637.713.341.791.55
JapanNAGOYA 37926212069.1345.802.500.981.52
TurkeyBIST 30319511864.3660.511.440.221.22
FOREXFOREX 51630518759.1161.311.130.240.89
Austria WIENERBORSE 29819711666.1158.881.070.210.85
USPREFERRED 45533227194170.8860.151.140.300.84
KuwaitKSE 85644116751.5237.872.882.140.74
USAMEX 81645923056.2550.110.680.180.50
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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