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 1711964.7181.829.180.368.82
JapanSAPPORO 1711964.7181.829.180.368.82
USOTCBB 134771434353.0148.049.783.506.28
USOTC PINK 135827758386257.1349.777.952.984.96
Greece ATHENS 152297151963.8053.456.301.514.78
South KoreaKOSDAQ 2224713790898561.9965.165.640.894.75
IndiaBSE 2721516119984559.2361.085.461.054.41
IndiaNSE 1987011953743760.1662.225.300.914.39
Saudi ArabiaTADAWUL 30141929122864.0063.664.590.544.05
ArgentinaBUE 61838825362.7865.214.810.913.89
NorwayOSE 2572155789560.5457.484.971.163.81
UKLSE 2333814232913860.9864.214.440.723.71
UAEUAE 60637721262.2156.234.641.103.54
USAMEX 63473857230360.7759.714.490.993.49
USWARRANTS 2471549462.3561.044.781.293.49
USNASDAQ 41747268831700664.4063.254.420.943.47
South KoreaKRX 1925212059748862.6862.054.170.773.40
Hong KongHKEX 2034011759633457.8153.874.621.263.35
TaiwanGTSM 136568137490159.5960.234.030.733.30
TurkeyBIST 95465566325558.3158.484.110.833.28
ChinaSZSE 31344212131413367.6866.623.940.693.26
JapanTOKYO 49270319581902664.8659.534.110.863.25
JapanTOKYO 49270319581902664.8659.534.110.863.25
PortugalLISBON 58532920256.2461.403.990.793.20
IndonesiaIDX 43512553130358.6851.044.431.233.20
EgyptEGX 168890349553.5054.824.501.303.19
SpainIBEX 1965129679865.9561.573.910.783.13
IsraelTASE 35632269140063.6861.704.060.943.12
The World 57867436758322627463.5361.553.920.863.06
OmanMSM 2271348059.0359.703.900.863.04
JapanNAGOYA 30118610461.7955.913.981.162.82
JapanNAGOYA 30118610461.7955.913.981.162.82
QatarQE 47729218461.2263.013.230.452.78
DenmarkCOPENHAGEN 157899557063.0557.293.620.892.73
KuwaitKSE 81444418554.5541.674.551.832.72
ChinaSSE 2274714879957465.4164.353.280.642.64
BrazilBOVESPA 56013377210060.2962.193.350.712.64
SwedenSTOCKHOLM 62913938221262.6056.173.691.052.64
FrancePARIS 99086417396964.7761.853.290.682.61
TaiwanTWSE 2069512747750861.5958.903.060.672.39
ItalyBORSA 87055680333765.2558.753.150.772.38
MexicoBMV 1767114874764.9765.072.900.562.33
USNYSE 56444385212530968.2565.702.870.582.29
GermanyXETRA 100386862420268.3661.242.990.742.25
CanadaTSX-V 49292572107652.1841.845.122.912.21
MalaysiaBURSA 73044228216057.8951.093.221.032.19
AustraliaASX 111376480351158.1854.183.591.402.18
CanadaTSX 2100113330753263.5156.472.930.842.09
NetherlandsAMSTERDAM 2403161298267.0860.922.670.662.01
BelgiumBRUSSELS 1731110666663.8960.222.610.671.94
SwitzerlandVIRTX 49234723170.5366.572.460.551.91
Austria WIENERBORSE 67345128467.0162.972.630.731.90
SingaporeSGX 44662530126956.6550.162.841.051.79
SwitzerlandSIX 37722540149167.3458.702.260.651.61
JapanFUKUOKA 66412262.1253.661.850.801.05
JapanFUKUOKA 66412262.1253.661.850.801.05
USPREFERRED 37992665157470.1559.061.220.310.91
JordanASE 72040214555.8336.072.792.010.78
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
About Us
Support
Privacy
TOS
Important Links
English
Deutsch
中文
Français
Türkçe
Indonesia
Español
Italiano
 
 
 
 
 
 
 
 
 
 

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.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.