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 19121063.1683.3310.580.3310.25
JapanSAPPORO 19121063.1683.3310.580.3310.25
USOTCBB 116263429754.5646.858.583.315.27
South KoreaKOSDAQ 2374014638951361.6664.995.640.894.75
USOTC PINK 156828850433156.4348.947.773.124.65
ArgentinaBUE 67242228562.8067.545.380.844.54
Greece ATHENS 1653104155362.9853.126.011.494.51
IndiaBSE 29380174581062159.4260.845.471.054.42
IndiaNSE 2140112930800660.4261.925.320.914.41
Saudi ArabiaTADAWUL 32582076129163.7262.194.460.573.89
NorwayOSE 2790167394259.9656.314.741.173.57
UKLSE 2524715273971260.4963.594.290.743.55
ChinaSZSE 33003224421531668.0068.254.180.663.52
USNASDAQ 44919287201793963.9462.464.350.953.40
Hong KongHKEX 2204012716682257.7053.654.631.253.37
South KoreaKRX 2059112859793862.4561.734.120.773.36
USAMEX 68174126244060.5359.144.371.033.35
UAEUAE 67841523061.2155.424.441.133.31
TaiwanGTSM 149178773526858.8160.053.960.733.23
USWARRANTS 27617210462.3260.474.551.333.22
JapanTOKYO 52386338452003064.6159.184.060.873.18
JapanTOKYO 52386338452003064.6159.184.060.873.18
TurkeyBIST 101535892343858.0358.353.980.823.16
EgyptEGX 176893950353.1153.574.441.303.15
IndonesiaIDX 47382775140958.5750.774.371.243.13
IsraelTASE 38282424148963.3261.434.010.933.08
The World 62355339330324055163.0861.163.880.873.01
PortugalLISBON 57132019856.0461.883.750.762.99
OmanMSM 2421398157.4458.273.840.862.99
SpainIBEX 2138137782864.4160.133.690.802.89
ChinaSSE 23939157431031065.7665.493.440.622.82
KuwaitKSE 87848320355.0142.034.601.822.77
QatarQE 53132420161.0262.043.240.492.75
DenmarkCOPENHAGEN 1730106360261.4556.633.580.842.74
SwedenSTOCKHOLM 65914096231462.1656.483.641.012.62
JapanNAGOYA 34421811963.3754.593.711.142.57
JapanNAGOYA 34421811963.3754.593.711.142.57
BrazilBOVESPA 60603635222559.9861.213.290.752.54
FrancePARIS 109596940424463.3361.153.220.692.53
MexicoBMV 1942126082764.8865.632.880.552.34
TaiwanTWSE 2262313766802360.8558.282.980.682.30
ItalyBORSA 96006158357864.1558.103.040.772.27
USNYSE 61258412822677667.3964.862.830.592.24
AustraliaASX 122567080381057.7753.813.561.422.14
GermanyXETRA 118067991483667.6960.522.870.742.14
CanadaTSX-V 52892738113551.9041.355.002.972.03
MalaysiaBURSA 82894684234556.5150.063.101.082.02
CanadaTSX 2225314007784362.9455.992.860.842.02
NetherlandsAMSTERDAM 27351779108165.0560.762.660.671.99
BelgiumBRUSSELS 1887119271763.1760.152.590.671.92
Austria WIENERBORSE 72748130166.1662.582.610.731.89
SwitzerlandVIRTX 50334221867.9963.742.440.621.82
SingaporeSGX 49122736134155.7049.012.791.071.71
SwitzerlandSIX 42812843164666.4157.902.190.641.55
JapanFUKUOKA 71442361.9752.271.750.840.91
JapanFUKUOKA 71442361.9752.271.750.840.91
USPREFERRED 41422895167069.8957.691.140.310.84
JordanASE 78243215855.2436.572.811.980.83
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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