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 113462829255.3846.508.893.315.58
South KoreaKOSDAQ 2454815120982261.5964.965.610.894.72
USOTC PINK 158538952437556.4848.877.673.114.55
ArgentinaBUE 70744329962.6667.495.340.844.50
IndiaBSE 30298180471102759.5661.105.531.044.49
IndiaNSE 2201913359831660.6762.255.390.904.48
Greece ATHENS 1673105756663.1853.556.021.544.47
Saudi ArabiaTADAWUL 33852152133663.5762.084.350.593.77
UKLSE 25935157301007260.6564.034.340.743.60
ChinaSZSE 34149232281596668.0268.744.220.653.57
NorwayOSE 2867172597660.1756.584.691.153.54
USWARRANTS 26717010563.6761.764.941.443.49
Hong KongHKEX 2311213379721857.8953.954.641.243.40
USNASDAQ 45865293201834063.9362.554.350.953.40
South KoreaKRX 2143213337823962.2361.784.150.773.39
USAMEX 69334187246460.3958.854.331.023.31
EgyptEGX 180296253353.3955.414.521.273.25
JapanTOKYO 54111350812100564.8359.884.100.853.25
TurkeyBIST 103866048356058.2358.864.040.813.23
TaiwanGTSM 155149245559559.5960.523.910.723.19
UAEUAE 70944124462.2055.334.291.133.17
IndonesiaIDX 49062882147458.7451.154.371.223.15
IsraelTASE 39812518155163.2561.604.060.933.13
PortugalLISBON 60733921555.8563.423.830.773.05
The World 64432240717325015263.2061.433.900.863.04
SpainIBEX 2231143487164.2860.743.780.802.98
OmanMSM 2451448558.7859.033.840.872.97
ChinaSSE 24610162341073765.9766.143.530.612.92
RUSSIAMICEX 2672158891659.4357.683.720.862.86
DenmarkCOPENHAGEN 1771109762861.9457.253.630.852.79
QatarQE 55033821161.4562.433.220.482.74
SwedenSTOCKHOLM 67804221240062.2656.863.691.002.69
FrancePARIS 112807184443763.6961.763.290.682.62
BrazilBOVESPA 62563730228859.6261.343.330.742.59
JapanNAGOYA 35322212362.8955.413.681.132.56
KuwaitKSE 91950520554.9540.594.411.882.53
MexicoBMV 2009130585364.9665.362.870.542.33
ItalyBORSA 98886361372164.3358.503.080.772.31
TaiwanTWSE 2351514501854661.6758.932.970.662.31
USNYSE 62552421322733067.3664.872.850.592.26
GermanyXETRA 120558225500668.2360.862.900.732.17
AustraliaASX 126307281393057.6553.983.531.402.12
MalaysiaBURSA 85794896248757.0750.803.191.072.12
NetherlandsAMSTERDAM 28041827111865.1661.192.780.682.10
CanadaTSX 2286414388808762.9356.212.880.852.03
Austria WIENERBORSE 74450331867.6163.222.700.711.99
CanadaTSX-V 53562776113951.8341.035.003.031.98
BelgiumBRUSSELS 1933122673963.4260.282.580.661.91
SwitzerlandVIRTX 56037824567.5064.812.450.581.87
SingaporeSGX 50482822137155.9048.582.761.091.67
SwitzerlandSIX 44352965172566.8558.182.170.621.55
JapanFUKUOKA 72452462.5053.331.780.820.96
USPREFERRED 42172961173770.2258.661.160.310.84
JordanASE 80444816655.7237.052.751.970.78
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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