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 86557039965.9070.007.760.657.11
USWARRANTS 1951348468.7262.697.571.026.54
USOTC PINK 164969401458557.0948.688.433.055.38
IndiaBSE 30838192061226762.2863.876.050.985.07
ChinaSZSE 28430203321471471.5272.375.760.715.05
IndiaNSE 24359153501001463.0265.245.610.804.81
ChinaSSE 19399138471004871.3872.565.140.654.49
South KoreaKOSDAQ 26226160041036461.0264.765.230.774.46
USOTCBB 141793456.0343.047.513.294.22
Hong KongHKEX 2728915398838856.4354.475.361.214.16
UKLSE 2500515109980260.4764.824.650.713.94
Saudi ArabiaTADAWUL 33382146141864.2966.084.310.663.64
RussiaMICEX 28691771104561.7359.014.440.843.61
USAMEX 55283303191860.0057.824.621.063.56
NorwayOSE 34861996111457.2655.814.761.243.52
IndonesiaIDX 59053301178455.9054.044.390.903.49
TurkeyBIST 91625517337860.2261.234.140.723.42
USNASDAQ 46382290311776162.6361.144.240.953.29
BrazilBOVESPA 60013673226461.2161.644.080.843.25
EgyptEGX 115770041160.5058.714.361.153.21
South KoreaKRX 2201813470830561.4461.393.880.683.19
The World 66097641665925677563.0661.613.960.823.15
IsraelTASE 40262488158061.8063.503.920.813.12
JapanFUKUOKA 85624372.9469.353.340.243.10
CanadaCSE 196983250.0032.659.015.943.07
TaiwanGTSM 149668599515157.4659.903.770.703.07
SpainIBEX 2231136082160.9660.373.680.732.95
SwedenSTOCKHOLM 96375930343261.5357.883.890.982.92
JapanTOKYO 52485339322040964.6560.153.570.742.83
Greece ATHENS 115172942063.3457.614.341.522.82
ArgentinaBUE 35023916168.2967.362.940.182.75
PortugalLISBON 56336121864.1260.393.731.022.71
ItalyBORSA 105586870416165.0760.573.180.712.47
FrancePARIS 118087404461762.7062.363.070.642.44
QatarQE 62937122358.9860.112.940.602.34
DenmarkCOPENHAGEN 1854114567261.7658.693.090.752.34
AustraliaASX 135158032437759.4354.493.451.162.29
GermanyXETRA 133288953559267.1762.462.850.642.21
MexicoBMV 24601609100465.4162.402.790.592.20
Austria WIENERBORSE 71147329066.5361.312.800.672.14
UAEUAE 83148524158.3649.693.321.212.11
TaiwanTWSE 2310713638784659.0257.532.690.602.09
CanadaTSX 2095312939729561.7656.382.900.842.06
NetherlandsAMSTERDAM 28691875118565.3563.202.600.562.04
USNYSE 61110402692434965.9060.462.650.652.00
BelgiumBRUSSELS 1885120775564.0362.552.550.552.00
CanadaTSX-V 3653188374951.5539.785.023.091.93
MalaysiaBURSA 98095444274355.5050.393.001.081.92
JordanASE 63633713352.9939.473.451.641.81
OmanMSM 67341550.7544.123.001.381.62
SwitzerlandSIX 53783649223967.8561.362.130.551.58
SingaporeSGX 48192570118953.3346.262.621.061.56
TurkeyBIST 25216310764.6865.641.750.211.53
JapanNAGOYA 41528012967.4746.072.330.901.44
BrazilBOVESPA 33121213464.0563.211.860.421.43
MexicoBMV 36522915362.7466.811.460.231.24
RussiaMICEX 2481518560.8956.291.700.481.21
SwitzerlandSIX 28317912063.2567.041.450.271.18
UKLSE 36522513961.6461.781.290.211.08
PhilippinesPSE 27416210059.1261.731.170.121.05
MalaysiaBURSA 28318813466.4371.281.240.201.04
PortugalLISBON 31819812762.2664.141.210.171.04
DenmarkCOPENHAGEN 2381479561.7664.631.160.151.01
PeruBVL 35022314863.7166.371.250.251.00
Hong KongHKEX 26515910560.0066.041.110.130.99
JapanTOKYO 32519412459.6963.921.290.310.98
GermanyXETRA 25516710265.4961.081.130.160.98
PakistanKSE 2361539764.8363.401.180.220.97
SpainIBEX 41225216061.1763.491.140.190.96
Greece ATHENS 27617410163.0458.051.180.240.94
KuwaitKSE 97350119051.4937.923.072.150.92
Vietnam HOSE 26817210564.1861.051.130.230.91
ChileBCS 39824714262.0657.491.190.290.90
NetherlandsAMSTERDAM 29618911163.8558.731.060.160.90
BelgiumBRUSSELS 29618911163.8558.731.060.160.90
FrancePARIS 27817910764.3959.781.110.220.89
ItalyBORSA 27817910764.3959.781.110.220.89
Austria WIENERBORSE 2531629364.0357.411.090.220.88
Poland GPW 2561679765.2358.081.040.220.83
ThailandSET 29519211765.0860.940.950.150.80
USPREFERRED 48633470209371.3660.321.090.290.79
NorwayOSE 2031368967.0065.441.010.230.78
FOREXFOREX 42626516362.2161.511.120.340.78
IndiaNSE 32021412966.8860.280.950.170.78
AustraliaASX 32120211962.9358.911.010.250.76
IndonesiaIDX 2321529165.5259.870.970.240.74
SwedenSTOCKHOLM 28918911065.4058.200.960.220.74
TaiwanGTSM 25315910262.8564.150.900.180.72
CanadaTSX 35823014364.2562.170.950.230.71
ChinaSSE 27417010262.0460.000.960.250.71
IsraelTASE 29618711263.1859.890.880.240.64
South KoreaKOSDAQ 37522411959.7353.130.870.230.64
BangladeshDSE 2211359161.0967.410.750.160.59
USFOREX 73244122560.2551.020.740.170.57
UAEUAE 75844925159.2355.900.730.200.54
SingaporeSGX 35220611658.5256.310.670.160.51
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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