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 1/1/2013
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 66041728463.1868.117.060.896.17
ChinaSZSE 25616182861320671.3972.226.200.755.45
USOTCBB 74142019956.6847.388.713.435.29
USOTC PINK 145448173393356.5347.847.952.994.96
IndiaBSE 2528015424952661.0161.765.981.074.91
IndiaNSE 1930011862754361.4663.595.710.904.81
Hong KongHKEX 2302212939706556.2954.525.691.224.47
ChinaSSE 1847913007920070.3970.735.150.714.43
South KoreaKOSDAQ 2212513610878761.5564.525.240.834.41
UKLSE 2263313219842558.4963.654.290.723.56
USAMEX 52683123175459.4755.984.661.123.54
South KoreaKRX 1877211456710061.0461.964.230.703.53
UAEUAE 70942023459.2455.714.471.063.41
Greece ATHENS 121872841361.4955.144.841.443.41
EgyptEGX 93856433460.3459.014.531.123.40
RussiaMICEX 2321138883459.8060.094.230.833.40
USNASDAQ 41850259911596462.1661.364.210.943.27
SpainIBEX 1905113770259.6961.743.900.723.18
The World 56307134929921283462.1060.874.040.873.17
JapanTOKYO 44434289011715365.0459.353.930.863.07
TaiwanGTSM 139778120489858.1060.323.740.693.06
IsraelTASE 35582179133561.2461.273.820.852.97
IndonesiaIDX 43822440127455.6852.214.051.082.96
Saudi ArabiaTADAWUL 27811760112663.2963.983.530.632.90
TurkeyBIST 89675071294556.5558.083.700.832.86
USWARRANTS 2111318562.0964.893.800.982.82
NorwayOSE 2775157485657.8053.373.981.202.78
OmanMSM 180965253.3354.173.730.972.76
SwedenSTOCKHOLM 66163983225060.2056.493.661.032.63
FrancePARIS 101996220382160.9961.433.260.652.61
DenmarkCOPENHAGEN 163298153960.1154.943.430.832.60
QatarQE 53431119258.2461.743.040.472.57
BrazilBOVESPA 56033090183456.7257.713.310.832.47
MexicoBMV 1948126079864.6863.332.890.582.31
ItalyBORSA 88015467321462.1258.793.000.712.29
JapanNAGOYA 39126313267.2650.193.301.072.24
PortugalLISBON 48229017460.1760.003.231.002.23
TaiwanTWSE 2114912505736759.1358.912.750.592.17
AustraliaASX 107946281337358.1953.703.391.252.14
GermanyXETRA 113517248437063.8560.292.810.692.12
MalaysiaBURSA 84254739240256.2550.693.201.102.10
SwitzerlandVIRTX 53133822063.6565.092.600.532.07
USNYSE 58862379932327964.5661.262.660.642.02
NetherlandsAMSTERDAM 2454147690560.8460.622.620.631.99
CanadaTSX 1990512040665760.5255.262.830.861.97
JapanFUKUOKA 78482461.5450.002.710.751.96
Austria WIENERBORSE 61738823862.8861.342.640.691.95
CanadaTSX-V 3047155962251.3939.724.872.961.91
BelgiumBRUSSELS 1622100860862.1560.322.410.561.85
SwitzerlandSIX 42062684158364.2258.612.070.561.51
SingaporeSGX 47812508111052.5644.172.501.171.33
KuwaitKSE 99149918550.3537.072.862.160.70
USPREFERRED 46173157181168.3857.360.970.310.66
JordanASE 59732411254.2734.572.121.870.25
CanadaCSE 63271042.8637.044.007.67-3.67
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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