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 1/1/2013
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
ArgentinaBUE 74747432963.4569.417.090.816.28
ChinaSZSE 28640206141492771.9872.416.080.725.36
USOTC PINK 166829470463356.7948.918.323.015.31
USOTCBB 50927511754.0342.558.763.675.09
IndiaBSE 28189173871081261.6862.185.911.054.86
IndiaNSE 2180213561868362.2064.035.680.884.79
South KoreaKOSDAQ 25238155931012761.7864.955.300.804.50
ChinaSSE 20793146721048370.5671.455.120.674.44
Hong KongHKEX 2586314662806256.6954.995.571.214.36
USAMEX 56003373194660.3657.574.971.103.87
USWARRANTS 2381529963.8765.134.851.003.85
EgyptEGX 105763738560.2660.444.901.113.79
UKLSE 2476614751950559.5864.414.470.733.74
RussiaMICEX 2689161996160.2159.364.510.843.68
Greece ATHENS 128879746362.0357.955.081.483.60
Saudi ArabiaTADAWUL 32192063136764.0966.264.080.593.49
South KoreaKRX 2130613096810061.4761.854.130.693.44
UAEUAE 78948126961.0955.814.431.003.42
USNASDAQ 45785287571781062.8161.934.290.933.36
NorwayOSE 3107181899758.5154.844.561.263.30
IndonesiaIDX 49792818149556.6053.054.291.043.24
The World 63416839737824369462.6761.314.050.853.20
SpainIBEX 2144129980060.5961.593.890.783.11
TaiwanGTSM 157189080544157.7759.923.760.693.06
IsraelTASE 38732390148261.7162.013.870.833.04
TurkeyBIST 98155576327156.8158.663.790.822.97
JapanTOKYO 50995330421949564.7959.003.830.872.95
BrazilBOVESPA 62383615217957.9560.283.720.842.87
SwedenSTOCKHOLM 76844719274261.4158.113.750.982.76
OmanMSM 1891015553.4454.463.731.022.71
CanadaTSX-V 3275168668651.5740.625.582.942.65
FrancePARIS 114697086436961.7861.663.250.672.59
DenmarkCOPENHAGEN 1786108460960.6956.183.270.792.48
QatarQE 61836822559.5561.142.960.482.48
PortugalLISBON 55734320561.5859.773.370.952.42
ItalyBORSA 98276258372663.6859.543.120.722.40
MexicoBMV 2208143489964.9562.692.850.582.27
AustraliaASX 120837123388058.9754.463.481.232.25
USNYSE 62882410842544465.3461.932.820.642.18
CanadaTSX 2173913342752761.4056.393.000.832.17
TaiwanTWSE 2375313969812758.8158.182.760.602.16
GermanyXETRA 126388252504365.4660.962.860.702.16
JapanNAGOYA 42628414166.6749.653.161.082.08
NetherlandsAMSTERDAM 27731756107663.3261.282.660.632.03
MalaysiaBURSA 94345294267656.1250.553.121.102.02
Austria WIENERBORSE 70145327464.6260.492.680.701.98
JapanFUKUOKA 89562962.9251.792.640.701.95
BelgiumBRUSSELS 1812114970463.4161.272.500.551.94
SwitzerlandSIX 52493486211666.4160.702.200.571.64
SingaporeSGX 52442782126253.0545.362.661.141.52
TurkeyBIST 25916811064.8665.481.270.171.10
KuwaitKSE 105453720050.9537.243.112.111.00
USPREFERRED 50093523207870.3358.981.090.290.80
FOREXFOREX 40425515763.1261.571.000.230.77
USAMEX 69139420857.0252.790.730.160.56
JordanASE 67636012653.2535.002.231.950.28
CanadaCSE 7031944.2929.034.037.87-3.84
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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