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 1/1/2013
Stock Exchange
Per Trade
Total Net%(Descending)
JapanSAPPORO 1510866.6780.0012.600.1012.50
CanadaCSE 108542350.0042.5911.854.986.87
ArgentinaBUE 85654738163.9069.657.170.786.39
USOTCBB 1881094857.9844.048.692.875.82
USOTC PINK 1811210342508857.1049.208.532.985.55
ChinaSZSE 32090231191673972.0472.405.870.705.18
IndiaBSE 31559195881231162.0762.855.911.014.90
IndiaNSE 2451415367991562.6964.525.650.854.80
USWARRANTS 24515710264.0864.975.631.014.62
South KoreaKOSDAQ 27864170511104261.2864.675.210.784.43
Hong KongHKEX 2849516266898757.0855.255.531.194.34
ChinaSSE 22702161051150670.9471.445.000.664.34
UKLSE 27326164081067160.0665.024.600.713.88
USAMEX 61203675213160.0557.994.901.073.82
RussiaMICEX 30161845109661.1759.404.580.843.73
EgyptEGX 117170542260.2059.864.761.103.66
Greece ATHENS 138185849962.1358.165.001.443.57
USNASDAQ 50053315831966063.1062.254.360.923.45
IndonesiaIDX 56543213171956.8353.504.461.023.44
South KoreaKRX 2371114471897061.1061.914.080.683.40
NorwayOSE 34452046113959.3955.674.601.253.35
SpainIBEX 2353144890061.5462.153.980.723.27
Saudi ArabiaTADAWUL 36192308148163.7764.173.840.633.21
The World 71204844932727795163.1161.854.020.823.20
UAEUAE 87652428859.8254.964.211.033.18
BrazilBOVESPA 67663969242758.6661.153.980.813.17
TaiwanGTSM 171209913595757.9060.093.790.693.10
IsraelTASE 41572587161162.3062.203.890.833.06
TurkeyBIST 105976111362157.6759.253.820.813.01
JapanTOKYO 56536369532211965.3659.863.810.832.98
SwedenSTOCKHOLM 88795495320561.9058.323.840.982.86
OmanMSM 1931045753.8954.813.741.012.73
CanadaTSX-V 3567185675252.0340.525.713.012.70
FrancePARIS 127117930493962.3962.283.170.642.53
DenmarkCOPENHAGEN 1948119569261.3457.913.220.742.48
QatarQE 68541024959.8560.732.920.492.43
PortugalLISBON 59636922161.9159.893.380.952.43
ItalyBORSA 111517190434264.5260.353.090.702.39
AustraliaASX 136088105445859.5655.003.551.212.34
MexicoBMV 24581610100565.5062.422.840.572.27
JapanFUKUOKA 99643764.6557.812.860.612.25
GermanyXETRA 140669321578766.2762.092.860.682.18
CanadaTSX 2343514502828161.8857.103.000.832.18
TaiwanTWSE 2582815309893159.2758.342.760.592.17
USNYSE 68198447212769265.5861.922.760.622.14
JapanNAGOYA 45530315266.5950.
NetherlandsAMSTERDAM 30321955121764.4862.252.650.602.05
MalaysiaBURSA 101045722289556.6750.563.101.082.02
Austria WIENERBORSE 77150530665.5060.592.640.681.96
BelgiumBRUSSELS 2000128780264.3562.322.500.551.95
SwitzerlandSIX 59414007244367.4560.972.170.551.62
SingaporeSGX 55312955135753.4345.922.721.121.59
TurkeyBIST 2471599864.3761.641.230.221.01
USPREFERRED 52653700217770.2858.841.120.290.83
KuwaitKSE 110256921051.6336.912.922.180.74
Austria WIENERBORSE 2321559166.8158.710.920.210.71
FOREXFOREX 43026816362.3360.821.000.310.69
USAMEX 76144022957.8252.050.700.160.55
JordanASE 69737113253.2335.582.161.870.29
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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