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 139869.2388.8912.220.1112.11
USOTCBB 79344121855.6149.4311.263.188.08
Greece ATHENS 135486449263.8156.946.971.395.57
ArgentinaBUE 59336523961.5565.485.660.914.75
ChinaSZSE 28980205341488770.8672.505.260.584.68
USOTC PINK 125347200348457.5248.327.683.154.53
IndiaNSE 1956411870738060.6762.175.350.894.46
IndiaBSE 2685916087970359.8960.325.521.084.44
Hong KongHKEX 2106312325689358.5155.935.541.114.43
South KoreaKOSDAQ 2182513484877761.9664.905.220.814.41
ChinaSSE 2061714157995468.6770.314.430.533.90
JapanNAGOYA 37524814466.1358.064.630.863.77
EgyptEGX 135578044357.5656.794.881.183.69
UKLSE 2301213863882760.2563.664.300.703.60
South KoreaKRX 1877211599718561.7961.944.190.683.51
JapanTOKYO 48523315521925865.0561.014.280.803.48
USWARRANTS 2111389165.4065.944.591.113.48
UAEUAE 67241623861.9057.214.471.083.39
SpainIBEX 1898121976664.2362.844.140.753.39
Saudi ArabiaTADAWUL 28891839118063.6664.173.960.613.36
USNASDAQ 41191263721659464.0562.904.220.883.35
IsraelTASE 35632251145263.1864.504.180.833.34
RussiaMICEX 2361138280058.5357.894.180.843.34
IndonesiaIDX 46062658138657.7152.144.411.103.32
USAMEX 58843547205260.2857.854.301.043.26
The World 57012136115822324763.3761.803.960.813.15
NorwayOSE 2524152385660.3456.204.281.173.12
TaiwanGTSM 139968306504559.3560.743.740.663.08
DenmarkCOPENHAGEN 153696054062.5056.253.910.853.06
PortugalLISBON 48329219960.4668.153.660.633.03
TurkeyBIST 93015305307757.0458.003.750.782.97
SwedenSTOCKHOLM 59063653206161.8556.423.611.032.58
QatarQE 52432219961.4561.803.060.482.57
FrancePARIS 95986047367863.0060.823.170.652.52
OmanMSM 2371377757.8156.203.330.882.45
BrazilBOVESPA 58083429207959.0460.633.190.782.41
ItalyBORSA 84295412319864.2159.093.120.722.39
MexicoBMV 1888123181365.2066.042.850.532.32
AustraliaASX 109646443355458.7755.163.551.262.29
TaiwanTWSE 2083212725750761.0858.992.790.582.21
KuwaitKSE 99753221653.3640.604.121.942.17
GermanyXETRA 110357373447266.9460.542.820.652.17
MalaysiaBURSA 81104568233256.3351.053.211.052.16
USNYSE 57808388262495667.1664.282.660.552.12
NetherlandsAMSTERDAM 2303148190464.3161.042.660.602.06
Austria WIENERBORSE 61041124967.3860.582.710.672.03
CanadaTSX 2028812665708862.4355.972.790.821.96
CanadaTSX-V 3985203582351.0740.445.063.131.93
BelgiumBRUSSELS 1605102660563.9358.972.510.661.85
SwitzerlandVIRTX 49031720764.6965.302.350.531.81
SingaporeSGX 47202603123455.1547.412.711.091.62
SwitzerlandSIX 39862645154866.3658.532.130.521.61
JapanFUKUOKA 68442264.7150.001.820.731.09
USPREFERRED 42823038175970.9557.900.920.300.62
JordanASE 68337612155.0532.182.421.970.45
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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