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 1/1/2012
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
JapanSAPPORO 1911957.8981.8211.450.3611.09
USOTCBB 81846522256.8547.7410.483.357.13
Greece ATHENS 122778744864.1456.936.681.325.36
ArgentinaBUE 53933322361.7866.975.740.934.81
USOTC PINK 120616883331957.0848.217.813.164.65
IndiaNSE 1734110615660261.2162.205.440.894.55
IndiaBSE 2340114056862460.0761.355.561.044.52
South KoreaKOSDAQ 1961011997772661.3264.254.960.824.14
EgyptEGX 126574443458.8158.335.061.103.96
JapanNAGOYA 32220612163.9858.744.730.843.89
ChinaSZSE 27435190781357969.5471.184.380.603.78
UKLSE 2089612517790859.9063.184.240.723.52
JapanTOKYO 44187284851725964.4660.594.330.823.51
Hong KongHKEX 1879510861588657.7954.194.511.163.35
IndonesiaIDX 41552421126458.2952.194.441.113.33
USAMEX 53593220187860.0958.324.321.033.29
USNASDAQ 36745236791477264.4962.344.180.913.27
SpainIBEX 1701109968964.6162.694.030.773.26
NorwayOSE 2287137677060.1755.964.421.173.26
UAEUAE 60438321463.4155.874.331.113.22
Saudi ArabiaTADAWUL 27451704104662.0861.383.830.633.19
ChinaSSE 1942113122907967.5769.193.730.553.18
USWARRANTS 2021308364.3663.854.471.293.18
South KoreaKRX 1701210433637261.3361.083.870.703.17
IsraelTASE 31741990125962.7063.274.000.833.17
TaiwanGTSM 126157532461259.7161.233.810.653.16
The World 51723432694220121963.2361.533.830.823.01
DenmarkCOPENHAGEN 139987148962.2656.143.850.862.99
TurkeyBIST 85134851281656.9858.053.750.792.96
PortugalLISBON 44426217759.0167.563.610.742.87
RUSSIAMICEX 2082122370258.7457.403.700.832.87
FrancePARIS 86275403329962.6361.063.190.652.54
SwedenSTOCKHOLM 53353307185061.9955.943.561.022.54
QatarQE 47828717660.0461.323.020.502.53
KuwaitKSE 90148119853.3941.164.461.962.50
OmanMSM 2151216756.2855.373.340.882.45
MexicoBMV 1642107371065.3566.172.850.532.33
ItalyBORSA 74954808281864.1558.613.060.742.32
BrazilBOVESPA 52753097185858.7159.993.070.792.28
AustraliaASX 99745800323358.1555.743.531.282.25
TaiwanTWSE 1879611534689961.3659.812.810.572.24
MalaysiaBURSA 73484146211556.4251.013.261.052.21
GermanyXETRA 95806434389067.1660.462.860.682.19
USNYSE 51751349092255367.4764.592.690.552.14
NetherlandsAMSTERDAM 2102135083364.2261.702.680.622.06
CanadaTSX 1835311509643562.7155.912.820.821.99
CanadaTSX-V 3770191676850.8240.085.063.121.94
Austria WIENERBORSE 55036822466.9160.872.540.661.88
BelgiumBRUSSELS 141991154164.2059.392.390.651.74
SwitzerlandVIRTX 44628718264.3563.412.110.501.61
SingaporeSGX 43182419113956.0247.092.581.101.47
SwitzerlandSIX 35582337133065.6856.911.990.531.47
JapanFUKUOKA 63381960.3250.002.050.871.18
USPREFERRED 37882675154070.6257.570.920.290.63
JordanASE 59633110855.5432.632.301.930.37
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
About Us
Support
Privacy
TOS
Important Links
English
Deutsch
中文
Français
Türkçe
Indonesia
Español
Italiano
 
 
 
 
 
 
 
 
 
 

Disclaimers:

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.