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
JapanSAPPORO 20131165.0084.6210.540.3110.23
USOTCBB 114463529555.5146.468.563.315.25
South KoreaKOSDAQ 2392714735957261.5864.965.640.894.75
USOTC PINK 156828838431356.3948.777.733.134.60
ArgentinaBUE 68642828762.3967.065.340.854.50
IndiaBSE 29532176251078159.6861.175.501.054.45
Greece ATHENS 1661104455662.8553.265.981.534.45
IndiaNSE 2151613074814160.7662.275.340.914.43
Saudi ArabiaTADAWUL 32652081131363.7463.094.500.573.93
NorwayOSE 2811168895660.0556.644.751.173.58
UKLSE 2543015415984860.6263.894.310.743.58
USWARRANTS 27717210762.0962.214.871.333.54
ChinaSZSE 33348227821562268.3268.574.190.663.53
USNASDAQ 45203289201809463.9862.574.370.953.42
South KoreaKRX 2085913004804062.3461.834.130.773.36
Hong KongHKEX 2234212915693957.8153.734.611.253.36
USAMEX 68474139244760.4559.124.371.023.34
TurkeyBIST 101855912346658.0558.634.020.813.21
UAEUAE 68342923862.8155.484.341.143.20
EgyptEGX 177694952253.4355.014.481.283.19
JapanTOKYO 52854342912041264.8859.534.050.863.19
JapanTOKYO 52854342912041264.8859.534.050.863.19
TaiwanGTSM 151589004543659.4060.373.910.723.18
IndonesiaIDX 47752798141758.6050.644.391.233.16
IsraelTASE 38602444150963.3261.744.030.933.10
OmanMSM 2431428458.4459.153.890.843.06
PortugalLISBON 57632120355.7363.243.800.773.03
The World 63077839860324459763.2061.363.890.863.02
SpainIBEX 2161138483864.0460.553.710.802.91
ChinaSSE 24180159831052666.1065.863.460.622.84
DenmarkCOPENHAGEN 1739107261461.6457.283.640.852.80
QatarQE 53433220962.1762.953.260.482.78
KuwaitKSE 88548820655.1442.214.561.822.74
SwedenSTOCKHOLM 66284124233462.2256.603.671.012.67
JapanNAGOYA 34721912163.1155.253.711.142.57
JapanNAGOYA 34721912163.1155.253.711.142.57
BrazilBOVESPA 61393680225359.9461.223.300.752.56
FrancePARIS 110497014431563.4861.523.240.682.55
MexicoBMV 1955127283665.0665.722.900.542.35
ItalyBORSA 96746199361864.0858.363.060.772.29
TaiwanTWSE 2298414143833061.5358.902.960.672.29
USNYSE 61547414612691467.3664.912.850.592.26
AustraliaASX 123597136385057.8053.893.571.412.16
GermanyXETRA 118598028486367.7060.582.880.732.14
MalaysiaBURSA 83274778244657.3851.193.201.062.14
CanadaTSX 2242514072789262.7556.082.860.842.02
NetherlandsAMSTERDAM 27481785108964.9661.012.690.682.01
CanadaTSX-V 53142746112451.8140.834.953.021.93
Austria WIENERBORSE 73348830866.5863.112.640.721.92
BelgiumBRUSSELS 1898120372363.3860.102.580.671.91
SwitzerlandVIRTX 50734622368.2464.452.470.611.86
SingaporeSGX 49392762135955.9249.202.791.071.72
SwitzerlandSIX 43192863166166.2958.022.200.631.57
JapanFUKUOKA 71442361.9752.271.750.840.91
JapanFUKUOKA 71442361.9752.271.750.840.91
USPREFERRED 41682921171070.0858.541.150.310.84
JordanASE 78943816155.5136.762.781.970.81
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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