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 149764.2977.7812.000.1111.89
USOTCBB 80145621956.9348.0310.413.197.22
Greece ATHENS 139889650164.0955.926.591.545.05
ChinaSZSE 29132203971463070.0271.725.440.654.79
IndiaNSE 2105112825804960.9262.765.450.874.58
IndiaBSE 28674172641049360.2160.785.621.074.55
USOTC PINK 151698622417456.8748.397.673.144.53
South KoreaKOSDAQ 2346514516944261.9664.945.330.814.52
Hong KongHKEX 2361213511747757.2255.345.651.164.49
ArgentinaBUE 65440826362.3964.465.290.934.36
ChinaSSE 21100143641001568.0869.724.580.603.98
South KoreaKRX 2029012467772061.4461.924.360.683.68
EgyptEGX 140681246357.7557.024.791.153.64
UKLSE 2453814732931760.0463.244.260.713.55
JapanNAGOYA 40827015666.1857.784.240.843.40
JapanTOKYO 51705337062044865.1960.674.180.803.38
USAMEX 60863645209059.8957.344.421.053.37
USNASDAQ 44791285041778363.6462.394.230.893.34
IsraelTASE 38522425156262.9564.414.150.823.32
SpainIBEX 2026130081664.1762.774.060.773.29
UAEUAE 71344425662.2757.664.311.043.27
USWARRANTS 2271479764.7665.994.481.263.22
Saudi ArabiaTADAWUL 30461943122163.7962.843.800.633.17
IndonesiaIDX 49042799144757.0851.704.251.103.16
The World 61101438468123621662.9761.393.960.833.13
RussiaMICEX 2525149286559.0957.983.900.853.05
TaiwanGTSM 151728805532058.0360.423.720.683.04
DenmarkCOPENHAGEN 1653102957262.2555.593.810.832.97
NorwayOSE 2742163591059.6355.664.111.182.93
TurkeyBIST 100705791335357.5157.903.700.812.89
PortugalLISBON 52331821160.8066.353.650.792.86
SwedenSTOCKHOLM 64353971223461.7156.263.611.012.60
FrancePARIS 104256564400662.9661.033.200.652.55
OmanMSM 2391377657.3255.473.390.882.51
QatarQE 58335221660.3861.362.880.472.41
ItalyBORSA 91005871351264.5259.823.130.722.41
MexicoBMV 2036132986865.2865.312.860.522.34
BrazilBOVESPA 62413637217158.6159.353.120.792.32
AustraliaASX 117136854379458.5255.353.501.262.23
GermanyXETRA 119107941485866.6861.182.790.642.15
Austria WIENERBORSE 65844426967.4860.592.810.702.11
NetherlandsAMSTERDAM 24901611100364.7062.262.680.582.11
TaiwanTWSE 2302213732800559.6558.292.700.612.10
MalaysiaBURSA 88214972250456.3750.363.121.082.04
USNYSE 61936412612617266.6263.432.590.562.03
KuwaitKSE 104455422453.0740.433.861.941.92
CanadaTSX 2152713372742662.1255.532.710.831.87
SwitzerlandVIRTX 53235023065.7965.712.390.541.85
BelgiumBRUSSELS 1729110365263.7959.112.480.651.83
CanadaTSX-V 4099209583151.1139.674.963.161.80
SwitzerlandSIX 42872836165866.1558.462.080.541.54
SingaporeSGX 51332810130554.7446.442.621.101.52
JapanFUKUOKA 76482463.1650.002.000.791.21
JordanASE 69437912854.6133.772.751.900.85
USPREFERRED 46003236185870.3557.420.900.320.58
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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