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.
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
Stock Exchange
Per Trade
Total Net%(Descending)
JapanSAPPORO 149764.2977.7812.000.1111.89
USOTCBB 81145422255.9848.9011.873.168.71
Greece ATHENS 139589450864.0956.826.731.445.29
ChinaSZSE 29605207201486769.9971.755.450.654.80
USOTC PINK 148628464409456.9648.367.743.144.60
Hong KongHKEX 2245312924714657.5655.295.681.144.54
South KoreaKOSDAQ 2251613973909062.0665.055.330.824.52
ArgentinaBUE 62639225362.6264.545.390.944.45
IndiaBSE 27892167351006660.0060.155.491.084.41
IndiaNSE 2033212301761460.5061.905.310.894.41
ChinaSSE 2092114231990568.0269.604.580.603.97
South KoreaKRX 1953312057745761.7361.854.340.693.65
EgyptEGX 137679244857.5656.574.831.193.64
JapanNAGOYA 39426215266.5058.024.470.853.61
UKLSE 2382214270901059.9263.124.310.703.61
USWARRANTS 2181439565.6066.434.541.073.47
JapanTOKYO 50138327131982065.2760.564.240.803.44
USAMEX 60883645208759.8757.264.451.053.40
USNASDAQ 43545277301734763.7362.514.250.883.37
IsraelTASE 37332346150862.8464.284.140.843.30
SpainIBEX 1954125478464.1862.524.060.773.29
UAEUAE 69443124962.1057.774.361.063.29
IndonesiaIDX 48122758143157.3251.894.351.103.25
Saudi ArabiaTADAWUL 29741900119963.8963.113.860.633.24
The World 59410037417222932663.0061.273.980.833.15
RussiaMICEX 2437143783258.9757.903.910.833.08
TaiwanGTSM 146148652524159.2060.583.740.663.08
NorwayOSE 2634157688459.8356.
DenmarkCOPENHAGEN 159498154562.0555.113.820.852.97
TurkeyBIST 97075572325157.4058.353.770.812.96
PortugalLISBON 50330520360.6466.563.580.722.86
SwedenSTOCKHOLM 61573778209761.3655.513.601.052.55
OmanMSM 2381377757.5656.203.390.882.52
QatarQE 55334221361.8462.282.960.472.49
FrancePARIS 100056245375262.4260.083.110.672.45
BrazilBOVESPA 60453552213158.8159.943.160.782.37
ItalyBORSA 87585593328163.8658.663.070.742.33
MexicoBMV 1967127983265.0265.052.800.522.28
AustraliaASX 114036676365858.5554.793.481.262.21
TaiwanTWSE 2198313350784560.7358.762.760.582.17
GermanyXETRA 114367543452865.9660.032.770.662.11
USNYSE 60341401732550266.5863.482.620.552.06
KuwaitKSE 103655322353.3840.334.001.972.04
MalaysiaBURSA 85224792241056.2350.
NetherlandsAMSTERDAM 2367151091563.7960.602.640.612.03
Austria WIENERBORSE 63442425466.8859.912.680.701.98
CanadaTSX 2095712949718661.7955.492.740.831.91
CanadaTSX-V 4062207082850.9839.984.963.141.82
BelgiumBRUSSELS 1694108263163.8758.322.450.661.79
SwitzerlandVIRTX 51132621063.8064.422.290.571.71
SingaporeSGX 49042700126955.0647.002.671.101.57
SwitzerlandSIX 41442717157165.8857.552.080.541.54
JapanFUKUOKA 73472364.3848.941.740.770.98
JordanASE 68937512354.4332.802.611.900.70
USPREFERRED 44953146179570.0157.040.890.310.59
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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