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 1/1/2014
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 84155439065.8770.407.930.647.29
USWARRANTS 2181438765.6060.847.101.665.45
USOTC PINK 162069182447856.9448.538.423.065.36
IndiaBSE 29973186841200062.3464.236.140.985.16
ChinaSZSE 27860197861425871.0272.065.850.725.14
IndiaNSE 2355214843972063.0265.495.700.804.91
ChinaSSE 1885513363966570.8872.325.200.654.55
South KoreaKOSDAQ 25945157871022260.9464.655.250.774.48
CanadaCSE 182913250.0035.169.595.244.35
Hong KongHKEX 2679815099825656.3454.685.381.214.17
USOTCBB 166933856.0240.867.553.384.17
UKLSE 2436114729955660.5364.804.680.723.96
Saudi ArabiaTADAWUL 32532088138464.1966.284.370.673.70
USAMEX 55153293191459.7158.124.661.053.61
RussiaMICEX 27501708101662.1159.484.400.833.58
IndonesiaIDX 57233179171355.5553.884.430.903.53
BrazilBOVESPA 58273539219061.0661.554.230.823.41
TurkeyBIST 89575398331160.2761.344.110.723.39
USNASDAQ 45465284301736362.5561.054.260.963.30
EgyptEGX 110566439360.0959.194.401.113.29
JapanFUKUOKA 81604374.0771.673.480.233.25
South KoreaKRX 2161913274817361.4461.533.930.693.24
NorwayOSE 33581898106457.4455.164.421.213.21
The World 64765640756325117862.9661.593.980.823.16
IsraelTASE 38982421153862.1163.533.930.803.13
TaiwanGTSM 146288359497757.1459.543.740.703.03
SpainIBEX 2203133781460.6960.883.740.723.01
SwedenSTOCKHOLM 93365718331261.4457.743.890.972.91
Greece ATHENS 112570940863.0257.554.391.542.85
JapanTOKYO 51191331231995464.7360.223.570.752.83
PortugalLISBON 55235421464.1360.453.631.012.62
ItalyBORSA 102996701406165.0660.603.200.702.50
QatarQE 61236222259.1561.332.990.542.44
FrancePARIS 115367215449362.5462.273.080.642.44
DenmarkCOPENHAGEN 1812112166061.8758.883.130.752.38
AustraliaASX 132167873432059.5954.853.461.142.32
MexicoBMV 2370155497465.5762.682.820.582.24
GermanyXETRA 130588792548767.3362.412.840.652.20
OmanMSM 122693656.5652.173.321.132.19
Austria WIENERBORSE 70246528966.2462.152.830.662.18
UAEUAE 82848824258.9449.593.351.172.17
CanadaTSX 2059312717718561.7556.502.930.852.08
TaiwanTWSE 2271513337762858.7157.192.680.602.08
NetherlandsAMSTERDAM 28071835115865.3763.112.630.562.06
BelgiumBRUSSELS 1831117174363.9563.452.580.552.03
USNYSE 60191396142394565.8260.442.670.652.02
CanadaTSX-V 3546180272251.2139.765.043.032.01
MalaysiaBURSA 94395252264855.6450.423.031.081.95
JordanASE 61532212552.3638.823.511.761.75
SwitzerlandSIX 52723586220868.0261.572.150.551.60
SingaporeSGX 47272498115352.8546.162.661.071.59
JapanNAGOYA 41428012867.6345.712.420.941.48
TurkeyBIST 32520813064.0062.501.470.221.25
KuwaitKSE 95749118551.3137.683.082.130.95
FOREXFOREX 54932319958.8361.611.160.230.94
USPREFERRED 48403447208371.2260.431.100.300.80
Austria WIENERBORSE 32621012164.4257.621.020.230.79
USAMEX 86148724856.5650.920.680.180.51
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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