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.
Title
Pattern Performance in Stock Exchanges since 1/1/2013
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
JapanSAPPORO 1510866.6780.0012.600.1012.50
ArgentinaBUE 90957740163.4869.507.190.766.44
CanadaCSE 122602550.0040.9811.265.435.84
USOTC PINK 1856110605519057.2048.888.532.995.54
USWARRANTS 25516310663.9265.036.381.045.34
ChinaSZSE 33446239961730371.7572.115.810.695.12
IndiaBSE 33203205031287761.7562.815.881.024.86
IndiaNSE 25798160611033962.2664.375.610.864.74
USOTCBB 1781024457.3043.147.302.964.34
South KoreaKOSDAQ 29388179041151261.0064.225.130.794.34
ChinaSSE 23475166261184670.8271.254.930.654.28
Hong KongHKEX 2947716804923357.0654.895.441.194.25
EgyptEGX 122574745360.9860.645.201.084.12
UKLSE 28301169821099460.0064.744.630.723.92
USAMEX 62573771218660.2757.974.961.063.90
RussiaMICEX 31291928114661.6259.444.560.833.72
Saudi ArabiaTADAWUL 37192405159864.6766.444.330.613.72
IndonesiaIDX 58983357179956.9253.594.591.023.57
USNASDAQ 51737327272047063.2662.554.470.913.57
Greece ATHENS 141488050762.4557.424.921.423.51
NorwayOSE 36242138119459.0055.854.571.243.33
South KoreaKRX 2496915188934560.8661.493.980.693.29
SpainIBEX 2436149193061.2162.373.970.713.26
The World 73894146568928751463.0361.734.020.823.20
BrazilBOVESPA 69704094248658.8560.603.910.813.10
UAEUAE 90554530060.2255.054.141.053.09
TaiwanGTSM 1768310227614057.8460.043.780.693.09
IsraelTASE 42792666165762.3762.083.850.813.04
JapanTOKYO 58438382202302365.4060.243.860.823.04
TurkeyBIST 111266427376857.7758.633.780.812.97
SwedenSTOCKHOLM 93975776333761.4757.773.791.012.78
OmanMSM 1951055853.8555.243.701.002.70
CanadaTSX-V 3812198880152.1540.295.683.052.63
FrancePARIS 132578280512962.4661.943.140.642.50
DenmarkCOPENHAGEN 2007122971061.2457.773.210.752.46
ItalyBORSA 116017477449264.4560.083.100.702.40
QatarQE 71742726059.5560.892.870.492.38
PortugalLISBON 61838022561.4959.213.300.972.34
AustraliaASX 143418521464559.4254.513.521.232.28
MexicoBMV 25731673103565.0261.862.880.602.28
USNYSE 70215461712856965.7661.882.820.632.19
TaiwanTWSE 2686015901927459.2058.322.760.592.17
GermanyXETRA 147399748602566.1561.792.840.682.16
CanadaTSX 2413014924847761.8556.802.980.832.15
JapanFUKUOKA 105704166.6758.572.700.572.13
JapanNAGOYA 45830715267.0349.513.111.072.04
NetherlandsAMSTERDAM 31162007124464.4161.982.600.592.01
Austria WIENERBORSE 80052331565.3860.232.610.671.94
MalaysiaBURSA 104665878294156.1650.033.051.111.94
BelgiumBRUSSELS 2071133182764.2762.132.480.561.91
SwitzerlandSIX 61494139251367.3160.722.160.551.61
SingaporeSGX 57333050139753.2045.802.661.131.53
TurkeyBIST 24816110064.9262.111.270.221.05
KuwaitKSE 114459422251.9237.372.912.130.78
USPREFERRED 56043885224169.3357.681.080.310.76
Austria WIENERBORSE 2421589465.2959.490.940.200.73
FOREXFOREX 44227717062.6761.371.030.300.73
USAMEX 79845923857.5251.850.690.160.54
JordanASE 73138713952.9435.922.231.890.34
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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