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 20131165.0084.6210.540.3110.23
JapanSAPPORO 20131165.0084.6210.540.3110.23
USOTCBB 112862529255.4146.728.943.305.64
South KoreaKOSDAQ 2441015026976061.5664.955.620.894.73
Greece ATHENS 1660105656763.6153.696.061.544.52
USOTC PINK 158658945437356.4248.857.653.134.52
IndiaNSE 2181513251826760.7462.395.410.914.50
IndiaBSE 29966178711093359.6461.185.551.054.50
ArgentinaBUE 70543929262.2766.515.310.844.46
Saudi ArabiaTADAWUL 33692141133163.5562.174.370.563.81
UKLSE 25849156461001260.5363.994.340.743.60
NorwayOSE 2856171797560.1256.794.711.143.57
ChinaSZSE 34149231851590667.8968.604.170.653.52
USWARRANTS 26616810463.1661.904.941.453.49
Hong KongHKEX 2296513266713857.7753.814.641.253.39
USNASDAQ 45722291851824763.8762.494.350.953.39
South KoreaKRX 2130213243817062.1761.694.140.773.37
USAMEX 69324187246760.4058.924.351.023.33
EgyptEGX 178996053253.6655.424.541.283.26
TurkeyBIST 103406014353858.1658.834.040.813.23
JapanTOKYO 53870348672080164.7259.664.080.853.23
JapanTOKYO 53870348672080164.7259.664.080.853.23
UAEUAE 70344024462.5955.454.331.113.21
TaiwanGTSM 154459196556759.5460.543.910.723.18
IndonesiaIDX 48752863146358.7351.104.381.223.16
PortugalLISBON 60533621555.5463.993.850.753.10
IsraelTASE 39532494153763.0961.634.020.933.09
The World 64174340522624880563.1561.393.900.863.03
OmanMSM 2451448658.7859.723.870.843.03
SpainIBEX 2220142686764.2360.803.740.802.94
ChinaSSE 24566161741066365.8465.933.490.622.88
RUSSIAMICEX 2662158291759.4357.963.730.862.87
DenmarkCOPENHAGEN 1762109062461.8657.253.650.842.81
QatarQE 54233821162.3662.433.220.482.75
SwedenSTOCKHOLM 67464202238662.2956.783.691.002.69
FrancePARIS 112427155442063.6561.773.280.682.61
BrazilBOVESPA 62223716228259.7261.413.330.742.59
KuwaitKSE 91850120454.5840.724.451.882.56
JapanNAGOYA 35122112262.9655.203.691.132.56
JapanNAGOYA 35122112262.9655.203.691.132.56
MexicoBMV 1998129985165.0265.512.870.542.34
TaiwanTWSE 2342114412848561.5358.872.970.672.31
ItalyBORSA 98666344369764.3058.283.060.772.29
USNYSE 62425420382727167.3464.872.860.592.27
GermanyXETRA 120228201496868.2260.582.890.732.16
AustraliaASX 125657230391057.6154.013.541.402.14
MalaysiaBURSA 85184857247257.0250.903.201.062.13
NetherlandsAMSTERDAM 28011820111164.9861.042.780.682.10
CanadaTSX 2275114315805262.9256.252.890.842.05
CanadaTSX-V 53462771113651.8341.004.983.031.95
Austria WIENERBORSE 74149931567.3463.132.660.711.95
BelgiumBRUSSELS 1926122273663.4560.232.580.661.91
SwitzerlandVIRTX 56037724367.3264.462.440.581.86
SingaporeSGX 50312805136755.7548.732.761.091.67
SwitzerlandSIX 44172953171466.8658.042.170.621.55
JapanFUKUOKA 72442361.1152.271.750.840.91
JapanFUKUOKA 72442361.1152.271.750.840.91
USPREFERRED 42132948172969.9758.651.160.310.85
JordanASE 80044816656.0037.052.751.960.79
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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