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 18121066.6783.3311.000.3310.67
JapanSAPPORO 18121066.6783.3311.000.3310.67
USOTCBB 109160629255.5548.188.363.215.15
USOTC PINK 141518064399656.9949.557.903.024.88
South KoreaKOSDAQ 2305114212925161.7964.955.620.884.74
Greece ATHENS 156299353163.5753.476.201.504.70
IndiaBSE 28062166551017959.3561.125.471.054.42
IndiaNSE 2049912380771160.3962.295.300.914.39
ArgentinaBUE 63239826262.9765.835.050.894.16
Saudi ArabiaTADAWUL 30721977126564.3663.994.590.534.06
UKLSE 2376314498932961.0264.344.390.723.67
NorwayOSE 2618157090160.5856.814.791.143.65
UAEUAE 62639322562.7857.254.661.073.59
USNASDAQ 43966280891786463.8963.604.400.923.48
USAMEX 64993943234860.6759.554.441.013.43
USWARRANTS 2541579561.8160.514.661.273.39
South KoreaKRX 1976912393768562.7062.004.150.763.38
ChinaSZSE 32390221031504068.2468.054.050.673.38
Hong KongHKEX 2108712168654357.7053.774.601.253.34
JapanTOKYO 50568328391964464.9459.824.130.853.27
JapanTOKYO 50568328391964464.9459.824.130.853.27
TaiwanGTSM 142818490514559.4560.604.000.733.27
IndonesiaIDX 44182606133858.9951.344.461.223.24
TurkeyBIST 98045699333258.1358.474.060.833.24
PortugalLISBON 59933820956.4361.834.020.793.23
EgyptEGX 169790749953.4555.024.501.303.20
IsraelTASE 36572329143963.6961.794.030.933.10
The World 59541837806423349363.5161.743.910.853.06
SpainIBEX 2030132681265.3261.243.860.803.06
OmanMSM 2331368158.3759.563.880.853.03
QatarQE 49230319261.5963.373.350.442.91
KuwaitKSE 80944819155.3842.634.591.772.82
DenmarkCOPENHAGEN 1618100958062.3657.483.630.842.79
JapanNAGOYA 30319310863.7055.963.891.132.76
JapanNAGOYA 30319310863.7055.963.891.132.76
ChinaSSE 23375154151002965.9565.063.320.632.69
BrazilBOVESPA 57683463215460.3261.913.360.712.65
SwedenSTOCKHOLM 61483856219762.7256.983.600.972.63
FrancePARIS 102116580407364.4461.903.280.682.61
ItalyBORSA 89235799341964.9958.963.140.762.38
TaiwanTWSE 2165413329787261.5559.063.040.672.37
MexicoBMV 1838119078364.7465.802.860.552.32
USNYSE 57931395282597068.2365.702.860.582.28
GermanyXETRA 103627052433568.0661.473.000.742.26
AustraliaASX 113636630359258.3554.183.651.402.25
CanadaTSX-V 49872607108952.2841.775.112.912.20
MalaysiaBURSA 76834415224157.4650.763.191.052.14
CanadaTSX 2127313531766763.6156.662.910.832.08
NetherlandsAMSTERDAM 25271676102766.3261.282.700.662.04
BelgiumBRUSSELS 1783113768563.7760.252.610.671.94
Austria WIENERBORSE 69346129066.5262.912.670.731.93
SwitzerlandVIRTX 51635623668.9966.292.430.561.87
SingaporeSGX 46112591129556.1949.982.821.051.77
SwitzerlandSIX 39072615153566.9358.702.280.641.64
JapanFUKUOKA 68422361.7654.761.810.791.02
JapanFUKUOKA 68422361.7654.761.810.791.02
USPREFERRED 38322694158670.3058.871.150.310.84
JordanASE 75041515455.3337.112.811.990.82
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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