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 1510866.6780.0012.600.1012.50
USOTCBB 80345521856.6647.9110.333.207.12
ArgentinaBUE 75047031062.6765.966.540.875.67
ChinaSZSE 31440222081592870.6471.725.710.685.03
Greece ATHENS 146492952363.4656.306.401.534.87
South KoreaKOSDAQ 25819159721039661.8665.095.380.834.56
USOTC PINK 166969536458557.1248.087.633.114.53
IndiaBSE 31444190321157460.5360.815.591.094.50
IndiaNSE 2352614378898061.1262.465.390.914.49
Hong KongHKEX 2610814960823557.3055.055.581.204.38
ChinaSSE 22615155891098368.9370.454.850.614.24
South KoreaKRX 2231813741851161.6061.914.310.703.61
UKLSE 27032161751019759.8463.044.220.723.50
EgyptEGX 151887349257.5156.364.631.233.40
USNASDAQ 48717312421952664.1662.474.270.913.36
USAMEX 64433901223060.5557.164.401.063.34
JapanTOKYO 56245367382230965.3360.714.120.803.32
JapanNAGOYA 43828916265.9856.064.200.883.31
IsraelTASE 41962644168163.0163.584.110.853.26
IndonesiaIDX 54023062159856.6852.
SpainIBEX 2256142988463.3461.863.960.793.17
The World 66826842149925837663.0961.293.990.853.15
Saudi ArabiaTADAWUL 33802114132862.5462.823.780.653.13
TaiwanGTSM 164759658585358.6260.603.810.693.12
NorwayOSE 30541808100659.2055.644.311.203.11
RussiaMICEX 2796164896558.9458.563.920.833.08
UAEUAE 80549327161.2454.974.001.082.92
TurkeyBIST 110006223358256.5757.563.690.812.87
DenmarkCOPENHAGEN 1820113962962.5855.223.710.872.84
SwedenSTOCKHOLM 72584498253661.9756.383.741.002.74
PortugalLISBON 57835122460.7363.823.550.832.73
FrancePARIS 117527372446162.7360.513.190.672.52
BrazilBOVESPA 68443999238458.6959.353.190.832.36
USWARRANTS 25716710764.9864.074.091.742.35
QatarQE 64437723358.5461.802.820.472.34
MexicoBMV 2288148396364.8264.942.830.542.29
ItalyBORSA 103716689391464.5058.512.980.752.23
TaiwanTWSE 2498214914876059.7058.742.820.612.20
AustraliaASX 130427620416558.4354.663.421.252.17
OmanMSM 2511417756.1854.613.090.942.16
GermanyXETRA 132708800533866.3160.662.790.662.13
USNYSE 67557454742871267.3163.142.670.592.08
Austria WIENERBORSE 73749029766.4960.612.730.682.05
MalaysiaBURSA 97355426275055.7450.683.111.092.03
NetherlandsAMSTERDAM 28541835111764.3060.872.630.651.99
CanadaTSX 2371914677813961.9655.382.780.841.93
SwitzerlandVIRTX 60840125565.9563.592.400.561.84
CanadaTSX-V 4360223288851.1939.784.913.111.80
BelgiumBRUSSELS 1966125174563.6359.552.410.651.77
KuwaitKSE 112359023552.5439.833.691.971.72
SingaporeSGX 55153010140454.5846.642.691.111.58
SwitzerlandSIX 48533186184565.6557.912.040.561.48
JapanFUKUOKA 82502660.9852.002.200.761.44
JordanASE 73639813854.4834.412.801.801.00
USPREFERRED 49233474198870.5757.231.060.300.76
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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