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 1/1/2012
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
JapanSAPPORO 128766.6787.5013.500.1313.38
USOTCBB 84947323355.7149.2610.353.227.12
Greece ATHENS 130182947363.7257.066.771.415.35
ArgentinaBUE 56334923461.9967.055.810.924.89
USOTC PINK 135887731375357.0648.417.743.174.57
IndiaNSE 1863811230692160.3361.555.310.894.42
IndiaBSE 2535515019907659.2960.375.451.064.39
South KoreaKOSDAQ 2085712868834661.7064.855.170.814.36
ChinaSZSE 27788194861396570.1371.664.720.584.14
EgyptEGX 133276944657.7358.004.961.103.86
JapanNAGOYA 34722213063.9858.564.580.843.73
UKLSE 2228913317846759.7563.584.300.713.59
USWARRANTS 2151368863.2664.714.681.173.51
JapanTOKYO 46632301411835864.7660.794.320.813.50
ChinaSSE 1987213481938167.8469.594.000.543.47
SpainIBEX 1804116473564.5263.144.210.763.46
Hong KongHKEX 2001811573628557.9054.224.561.143.43
USNASDAQ 40085257121614264.1462.784.240.883.36
RUSSIAMICEX 2279132977058.3257.944.190.853.34
South KoreaKRX 1787011025679961.7061.674.020.683.33
USAMEX 56853417198560.1158.094.321.043.28
Saudi ArabiaTADAWUL 29051839112663.3061.233.920.653.27
IsraelTASE 33642121136063.3263.854.080.823.27
IndonesiaIDX 44092555132857.9551.984.361.113.25
DenmarkCOPENHAGEN 148692652062.3156.163.990.853.14
TaiwanGTSM 131867882482659.7861.233.780.653.13
NorwayOSE 2473147583159.6456.344.251.163.09
The World 54811034578521329263.1261.653.890.823.08
PortugalLISBON 46427719159.7068.953.700.712.99
UAEUAE 63939922462.4456.144.221.252.97
TurkeyBIST 90785154298556.7757.923.730.792.94
SwedenSTOCKHOLM 56563497196161.8356.083.611.012.60
FrancePARIS 91585749350562.7860.973.220.642.57
QatarQE 50630518760.2861.313.040.502.54
ItalyBORSA 79805135304264.3559.243.180.722.46
OmanMSM 2281317357.4655.733.330.922.41
AustraliaASX 105036123342058.3055.853.641.282.37
BrazilBOVESPA 56013284198558.6360.443.140.782.36
MexicoBMV 1791117177165.3865.842.860.522.33
KuwaitKSE 96450420052.2839.684.291.972.33
TaiwanTWSE 1966012072719661.4059.612.810.572.24
GermanyXETRA 102166862419167.1761.082.880.642.24
USNYSE 55349370872398667.0164.672.730.552.18
MalaysiaBURSA 77824391224456.4351.103.221.052.16
NetherlandsAMSTERDAM 2223143788264.6461.382.690.612.09
Austria WIENERBORSE 58539524567.5262.032.730.652.08
CanadaTSX 1955812208684562.4256.072.830.832.00
BelgiumBRUSSELS 152998258364.2259.372.550.651.91
SwitzerlandVIRTX 47430419964.1465.462.360.501.86
CanadaTSX-V 3856193176850.6239.344.913.121.79
SwitzerlandSIX 38042525147966.3858.572.170.511.66
SingaporeSGX 45452524118655.5346.992.581.091.49
JapanFUKUOKA 65412163.0851.221.760.800.95
USPREFERRED 40502876166071.0157.720.930.290.63
JordanASE 64935711455.0131.932.442.030.41
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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