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 128766.6787.5013.500.1313.38
USOTCBB 82746222955.8649.5711.083.247.84
Greece ATHENS 133385148363.8456.766.901.415.49
ArgentinaBUE 57835623961.5967.135.780.894.88
USOTC PINK 140818024390857.0448.667.843.174.68
IndiaNSE 1914611586716760.5161.865.380.904.48
IndiaBSE 2632715732948359.7660.285.531.094.44
South KoreaKOSDAQ 2149913292861061.9164.685.200.824.38
ChinaSZSE 28476200461440170.4071.844.910.594.32
Hong KongHKEX 2052311964663958.3055.495.311.124.20
JapanNAGOYA 36423513664.5657.874.710.883.83
EgyptEGX 134877544057.4956.774.861.173.69
ChinaSSE 2024213777962268.0669.844.190.543.65
UKLSE 2268213616864660.0363.504.280.703.58
USAMEX 58773532204060.1057.764.551.053.49
USWARRANTS 2101379065.2465.694.601.123.48
JapanTOKYO 47853310271888264.9360.774.290.813.48
South KoreaKRX 1843211385702861.7761.734.140.693.45
RUSSIAMICEX 2320135979058.5858.134.250.833.42
UAEUAE 66540923461.5057.214.481.083.39
IsraelTASE 34852196142163.0164.714.200.813.39
Saudi ArabiaTADAWUL 28361802114663.5463.604.000.613.38
SpainIBEX 1858119574964.3262.684.140.753.38
USNASDAQ 41435264721658263.8962.644.240.893.35
IndonesiaIDX 45382615135057.6251.634.331.103.23
NorwayOSE 2512151786160.3956.764.311.123.18
The World 56381535630621956363.2161.613.940.823.12
TaiwanGTSM 136518125495359.5260.963.780.663.12
PortugalLISBON 47428419459.9268.313.730.643.09
DenmarkCOPENHAGEN 152795253962.3456.623.930.853.08
TurkeyBIST 92065246304256.9857.993.750.782.97
SwedenSTOCKHOLM 58523602202161.5556.113.631.032.60
QatarQE 51631919661.8261.443.070.492.58
FrancePARIS 94335912357462.6760.453.190.652.54
OmanMSM 2361367657.6355.883.320.882.44
BrazilBOVESPA 56953369204859.1660.793.200.782.43
ItalyBORSA 83035319313064.0658.853.140.732.41
MexicoBMV 1849120979965.3966.092.870.522.35
AustraliaASX 107636312350158.6555.473.571.282.30
TaiwanTWSE 2029812489742061.5359.412.820.572.25
KuwaitKSE 99453221853.5240.984.141.952.19
GermanyXETRA 108347208433566.5360.142.830.662.18
MalaysiaBURSA 79884493229756.2551.
USNYSE 57186383442465667.0564.302.680.542.14
NetherlandsAMSTERDAM 2319148990564.2160.782.680.612.07
Austria WIENERBORSE 60240224366.7860.452.710.682.03
CanadaTSX 1998612476699362.4256.052.820.831.99
BelgiumBRUSSELS 1577100359263.6059.022.530.661.87
SwitzerlandVIRTX 48731420564.4865.292.340.531.81
CanadaTSX-V 3928200080450.9240.
SwitzerlandSIX 39432618152466.4058.212.130.501.63
SingaporeSGX 46352563120155.3046.862.651.101.55
JapanFUKUOKA 66432165.1548.841.770.741.02
USPREFERRED 42272978170470.4557.220.910.300.61
JordanASE 67737212254.9532.802.451.980.47
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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