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 134271234153.0647.899.813.476.35
USOTC PINK 135287723384757.0949.817.982.975.01
Greece ATHENS 151896151163.3153.176.321.524.80
South KoreaKOSDAQ 2216313759896562.0865.165.640.884.76
IndiaBSE 2713416080984559.2661.235.471.054.43
IndiaNSE 1981311928743760.2062.355.310.914.40
Saudi ArabiaTADAWUL 30061923122263.9763.554.590.544.05
ArgentinaBUE 61638625262.6665.284.840.913.93
NorwayOSE 2568155689660.5957.584.971.163.81
UKLSE 2326314172910360.9264.234.440.733.71
UAEUAE 60337721262.5256.234.651.103.55
USAMEX 63213837228960.7059.664.500.993.51
USWARRANTS 2461549462.6061.044.761.273.49
USNASDAQ 41598267611691864.3363.224.420.953.48
South KoreaKRX 1917012029746962.7962.054.160.773.39
Hong KongHKEX 2028711697628157.6653.704.611.263.34
TaiwanGTSM 136208105489159.5160.354.040.723.32
ChinaSZSE 31206210431411667.4367.083.980.693.29
TurkeyBIST 95135553324858.3758.494.110.833.27
JapanTOKYO 49080317991891464.7959.484.120.873.26
JapanTOKYO 49080317991891464.7959.484.120.873.26
PortugalLISBON 58232520155.8461.854.000.803.20
EgyptEGX 168790149453.4154.834.491.313.19
IndonesiaIDX 43332540129358.6250.914.431.243.18
IsraelTASE 35562266139863.7261.694.070.943.14
SpainIBEX 1959129079565.8561.633.900.783.11
The World 57690836590922528363.4361.563.920.863.07
OmanMSM 2271348059.0359.703.900.843.05
JapanNAGOYA 30018610462.0055.913.981.162.82
JapanNAGOYA 30018610462.0055.913.981.162.82
QatarQE 47229118461.6563.233.220.452.77
DenmarkCOPENHAGEN 157299356863.1757.203.630.892.74
KuwaitKSE 81444118454.1841.724.521.842.69
SwedenSTOCKHOLM 62623915220062.5256.193.701.062.65
BrazilBOVESPA 55833365209260.2762.173.350.712.63
ChinaSSE 2271914796951565.1364.313.270.652.63
FrancePARIS 98826386395564.6261.933.300.682.62
ItalyBORSA 86755646331865.0858.773.160.772.39
TaiwanTWSE 2064312705748161.5558.883.060.672.39
MexicoBMV 1757113673864.6664.962.900.572.33
USNYSE 56276382652510468.0065.602.870.582.30
GermanyXETRA 100196832418768.1961.292.990.742.25
CanadaTSX-V 49132559106852.0941.745.122.922.20
AustraliaASX 111056457349058.1454.053.581.412.18
MalaysiaBURSA 72724195214457.6951.113.201.042.17
CanadaTSX 2092213254748463.3856.442.940.842.10
NetherlandsAMSTERDAM 2400160498166.8361.162.680.662.02
BelgiumBRUSSELS 1725110066363.7760.272.610.671.94
SwitzerlandVIRTX 49234623170.3366.762.470.551.92
Austria WIENERBORSE 67144928266.9262.812.620.741.88
SingaporeSGX 44572524126456.6350.082.841.051.79
SwitzerlandSIX 37632533148667.3158.672.260.651.61
JapanFUKUOKA 66412262.1253.661.850.801.05
JapanFUKUOKA 66412262.1253.661.850.801.05
USPREFERRED 37832649156470.0559.021.230.310.92
JordanASE 71939814555.3536.432.792.030.76
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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