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 20131165.0084.6210.540.3110.23
USOTCBB 110861228555.2346.579.233.335.89
South KoreaKOSDAQ 2494015339993261.5064.755.600.894.71
USOTC PINK 159208954435256.2448.607.613.124.49
IndiaBSE 30762182641113359.3760.965.521.064.46
IndiaNSE 2235413526838660.5162.005.360.914.45
ArgentinaBUE 72744529861.2166.975.300.894.41
Greece ATHENS 1725109158063.2553.165.901.544.36
Saudi ArabiaTADAWUL 34552174133962.9261.594.320.613.70
UKLSE 26404158901012560.1863.724.320.743.58
ChinaSZSE 34702236971629568.2968.764.220.653.57
NorwayOSE 2919174098359.6156.494.701.173.53
USWARRANTS 27317110662.6461.994.901.453.45
South KoreaKRX 2170113464829862.0461.634.170.773.40
USNASDAQ 46423295421838963.6462.254.320.963.36
Hong KongHKEX 2369213630729957.5353.554.601.263.34
USAMEX 69984211247060.1758.664.311.053.27
JapanTOKYO 54654354272117264.8259.764.100.853.24
TurkeyBIST 106376097358157.3258.734.050.813.24
TaiwanGTSM 156399343567359.7460.723.940.723.22
EgyptEGX 182697353553.2954.984.501.283.21
IndonesiaIDX 50002921149358.4251.114.371.213.15
IsraelTASE 40472550157263.0161.654.070.933.15
UAEUAE 72744324460.9455.084.281.143.14
The World 65418041148625195062.9061.233.890.873.02
PortugalLISBON 61434321755.8663.273.780.802.99
ChinaSSE 25058165801101066.1766.413.580.612.97
SpainIBEX 2274145587663.9860.213.740.802.94
OmanMSM 2511458557.7758.623.810.922.90
RUSSIAMICEX 2733161192758.9557.543.730.882.85
JapanNAGOYA 33721212062.9156.603.911.082.83
DenmarkCOPENHAGEN 1797109962761.1657.053.630.852.78
QatarQE 57634121259.2062.173.200.492.71
SwedenSTOCKHOLM 69014285241262.0956.293.661.022.64
FrancePARIS 114877249445063.1161.393.280.682.61
BrazilBOVESPA 63633757229059.0460.953.290.762.53
KuwaitKSE 95351020553.5240.204.371.972.39
TaiwanTWSE 2371114644864561.7659.032.990.662.33
ItalyBORSA 101316457374263.7457.953.050.762.29
MexicoBMV 2054132085564.2664.772.840.562.28
USNYSE 63562424442741166.7864.582.820.592.22
GermanyXETRA 123828341501267.3760.082.860.732.13
AustraliaASX 127617345396257.5653.943.501.412.09
NetherlandsAMSTERDAM 28381826110364.3460.412.750.692.07
MalaysiaBURSA 88864975248955.9950.033.141.102.04
Austria WIENERBORSE 75850532066.6263.372.700.711.99
CanadaTSX 2317314484809262.5055.872.840.861.99
CanadaTSX-V 53952781113851.5540.924.963.041.92
SwitzerlandVIRTX 55637224066.9164.522.480.591.89
BelgiumBRUSSELS 1967124374563.1959.942.550.661.89
SingaporeSGX 51362852138055.5348.392.741.111.63
SwitzerlandSIX 44932983172466.4157.772.140.621.51
JapanFUKUOKA 72452462.5053.331.780.820.96
JordanASE 81545817156.2037.342.771.960.81
USPREFERRED 43303011173669.5457.661.130.330.81
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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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.

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