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.
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
Stock Exchange
Per Trade
Total Net%(Descending)
JapanSAPPORO 1510866.6780.0012.600.1012.50
USOTCBB 81346022656.5849.139.913.136.77
Greece ATHENS 142591552064.2156.836.431.544.89
ChinaSZSE 29020204681464670.5371.565.480.684.80
ArgentinaBUE 72045229562.7865.275.530.904.63
South KoreaKOSDAQ 2467815259996961.8365.335.390.824.57
USOTC PINK 162789235446457.1048.037.613.074.53
IndiaBSE 30604184921119860.4260.565.551.104.45
IndiaNSE 2269113858863661.0762.325.350.914.44
Hong KongHKEX 2509014460799157.6355.265.611.184.43
ChinaSSE 21514148121040268.8570.234.650.614.04
South KoreaKRX 2135713146818561.7362.094.330.693.64
EgyptEGX 147084948557.7657.134.731.183.55
UKLSE 2590815593981960.1962.974.230.733.51
USAMEX 62913798217060.3757.144.461.073.39
USNASDAQ 46917300361868064.0362.184.250.913.34
JapanTOKYO 54521355422153665.2160.584.120.813.31
IsraelTASE 40222543161663.2363.554.150.853.30
Saudi ArabiaTADAWUL 31562014128363.8163.703.860.623.24
IndonesiaIDX 52002949154656.7152.424.331.103.23
JapanNAGOYA 42628015966.2056.384.070.873.21
SpainIBEX 2165137185163.3362.073.970.803.17
UAEUAE 74846326261.9056.594.201.053.15
The World 64311340564124834163.1061.203.960.853.12
RussiaMICEX 2687158492658.9558.463.940.843.10
TaiwanGTSM 158839288562058.4860.513.780.693.09
NorwayOSE 2918173896659.5655.584.211.203.00
TurkeyBIST 104936008347057.2657.763.680.822.86
DenmarkCOPENHAGEN 1769110160962.2455.313.700.882.82
USWARRANTS 24516210666.1265.434.181.362.81
PortugalLISBON 56034222261.0764.913.630.822.81
SwedenSTOCKHOLM 68744228236261.5155.873.601.022.57
FrancePARIS 113547113428962.6560.303.160.672.50
QatarQE 61036923060.4962.332.890.452.44
BrazilBOVESPA 65873853230758.8159.553.200.822.38
MexicoBMV 2181142192365.1564.952.830.532.30
ItalyBORSA 99736413374464.3058.382.990.752.24
AustraliaASX 125487332403158.4354.983.471.252.22
OmanMSM 2461397656.5054.683.140.942.20
TaiwanTWSE 2401614382845959.8958.822.770.612.16
GermanyXETRA 128198484510766.1860.202.760.662.10
USNYSE 65192438972770867.3463.122.650.582.07
Austria WIENERBORSE 71447828866.9560.252.760.712.05
MalaysiaBURSA 93955250266455.8850.743.131.092.04
NetherlandsAMSTERDAM 27451755106764.3760.382.580.631.95
CanadaTSX 2284214184787262.1055.502.780.841.94
CanadaTSX-V 4300220988051.4439.784.933.131.80
KuwaitKSE 109357222752.3339.693.721.971.75
SwitzerlandVIRTX 58338124265.3563.522.330.571.75
BelgiumBRUSSELS 1888120070763.5658.922.400.661.74
SingaporeSGX 53742955138154.9946.732.661.111.55
SwitzerlandSIX 46693062176665.5857.672.030.571.46
JapanFUKUOKA 80492561.2551.021.980.781.20
JordanASE 70838613254.5234.202.851.831.02
USPREFERRED 47783370192470.5357.091.050.300.75
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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