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 18121066.6783.3310.580.3310.25
JapanSAPPORO 18121066.6783.3310.580.3310.25
USOTCBB 111862229555.6447.438.273.364.90
USOTC PINK 144608220406156.8549.407.903.034.87
South KoreaKOSDAQ 2324614396938661.9365.205.640.884.76
Greece ATHENS 1579100453563.5853.296.151.504.65
IndiaBSE 28519169571036259.4661.115.551.044.51
IndiaNSE 2080712595782160.5362.105.380.904.48
ArgentinaBUE 64240526963.0866.425.170.874.30
Saudi ArabiaTADAWUL 31242011128264.3763.754.580.524.06
NorwayOSE 2684161592160.1757.034.821.163.66
UKLSE 2417514682941860.7764.114.370.723.65
UAEUAE 64540523062.7956.794.561.063.50
ChinaSZSE 32653222081508168.0167.914.130.673.46
USNASDAQ 44638285221806663.9063.344.380.923.46
USAMEX 65943990236760.5159.324.421.013.41
Hong KongHKEX 2122812270661157.8053.884.631.253.38
South KoreaKRX 2003212570779762.7562.034.130.763.38
USWARRANTS 2571589661.4860.764.651.273.37
PortugalLISBON 58333220856.9562.654.100.793.31
JapanTOKYO 51240331841984864.7659.814.110.853.26
JapanTOKYO 51240331841984864.7659.814.110.853.26
TaiwanGTSM 144598571516659.2860.273.970.733.24
TurkeyBIST 99345768336558.0658.344.040.833.21
IndonesiaIDX 45102652135658.8051.134.421.223.20
EgyptEGX 170691149953.4054.774.481.303.17
IsraelTASE 37112359145963.5761.854.020.933.09
The World 60380438277123575863.4061.593.920.853.07
OmanMSM 2341378158.5559.123.900.843.06
SpainIBEX 2052134381965.4560.983.840.793.05
QatarQE 49731019962.3764.193.380.432.95
KuwaitKSE 80944718955.2542.284.571.782.79
JapanNAGOYA 30619410963.4056.193.901.132.77
JapanNAGOYA 30619410963.4056.193.901.132.77
ChinaSSE 23563154951006365.7664.943.400.632.76
DenmarkCOPENHAGEN 1654103258562.3956.693.580.842.74
BrazilBOVESPA 58743540218860.2761.813.340.722.62
SwedenSTOCKHOLM 62743924223062.5456.833.590.972.61
FrancePARIS 103686680412064.4361.683.270.682.60
ItalyBORSA 90035856345365.0458.973.120.762.36
TaiwanTWSE 2204713494793661.2158.813.020.672.34
MexicoBMV 1858120679464.9165.842.870.552.32
GermanyXETRA 104747116436767.9561.363.000.742.26
USNYSE 58995401232621268.0165.332.830.582.25
AustraliaASX 115636700362457.9454.093.621.412.22
CanadaTSX-V 50702650110652.2741.745.092.922.17
MalaysiaBURSA 78504505227957.4050.583.181.062.12
CanadaTSX 2166813705772363.2556.352.880.842.05
NetherlandsAMSTERDAM 25601692103366.0961.052.680.662.02
BelgiumBRUSSELS 1812115169063.5259.952.620.671.95
Austria WIENERBORSE 70546829266.3862.392.640.721.91
SwitzerlandVIRTX 52236623570.1164.212.370.571.80
SingaporeSGX 47152626130255.6949.582.811.051.76
SwitzerlandSIX 39642650155166.8558.532.290.641.65
JapanFUKUOKA 70432361.4353.491.790.810.98
JapanFUKUOKA 70432361.4353.491.790.810.98
JordanASE 76141915655.0637.232.821.980.85
USPREFERRED 39762779161769.8958.191.140.310.83
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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