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 20131165.0084.6210.230.319.92
JapanSAPPORO 20131165.0084.6210.230.319.92
USOTCBB 113463129455.6446.598.613.315.29
South KoreaKOSDAQ 2381514676954561.6365.045.650.894.76
USOTC PINK 156798836432256.3948.897.763.124.64
ArgentinaBUE 67942328462.3067.145.350.844.51
Greece ATHENS 1655104355863.0253.506.001.504.50
IndiaBSE 29446175451070359.5861.005.481.054.43
IndiaNSE 2145413015808560.6662.125.320.914.42
Saudi ArabiaTADAWUL 32582079130863.8162.914.480.573.91
NorwayOSE 2793167795060.0456.654.751.173.58
UKLSE 2529815332979460.6163.884.310.743.57
ChinaSZSE 33319225451537467.6668.194.170.663.51
USNASDAQ 45088287991796963.8862.394.350.953.40
South KoreaKRX 2069212918797962.4361.774.140.773.37
USWARRANTS 27617210762.3262.214.691.333.37
Hong KongHKEX 2217612799686657.7253.644.621.253.36
USAMEX 68434137244160.4659.004.361.033.34
UAEUAE 68142623162.5654.234.331.103.22
TaiwanGTSM 149408822529559.0560.023.940.743.21
TurkeyBIST 101605903346258.1058.654.010.823.19
EgyptEGX 177094151653.1654.844.481.303.18
JapanTOKYO 52665340762023664.7059.384.040.873.18
JapanTOKYO 52665340762023664.7059.384.040.873.18
IndonesiaIDX 47472783141458.6350.814.381.233.15
IsraelTASE 38342429150063.3561.754.030.933.10
PortugalLISBON 57132120356.2263.243.810.763.05
The World 62803139616524262163.0961.243.880.873.02
OmanMSM 2421428458.6859.153.800.872.94
SpainIBEX 2140138183964.5360.753.720.802.92
DenmarkCOPENHAGEN 1730106561161.5657.373.650.842.81
ChinaSSE 24088157541030765.4065.423.440.632.81
QatarQE 53133020962.1563.333.270.482.79
KuwaitKSE 87948420555.0642.364.601.822.78
SwedenSTOCKHOLM 65984104232462.2056.633.661.012.65
JapanNAGOYA 34521812063.1955.053.721.152.58
JapanNAGOYA 34521812063.1955.053.721.152.58
FrancePARIS 109726966428163.4961.463.240.682.55
BrazilBOVESPA 61203641222659.4961.143.290.752.54
MexicoBMV 1948126382864.8465.562.890.552.34
ItalyBORSA 96136175360164.2458.323.070.772.29
TaiwanTWSE 2266113842808361.0858.392.970.682.29
USNYSE 61449413522682767.2964.872.830.592.24
GermanyXETRA 118158016486167.8560.642.880.732.15
AustraliaASX 122957116383857.8853.933.561.422.14
MalaysiaBURSA 83044753239957.2450.473.131.062.06
CanadaTSX 2233414041785862.8755.962.860.842.02
NetherlandsAMSTERDAM 27351783108865.1961.022.680.672.00
CanadaTSX-V 53062744112751.8540.974.973.001.96
BelgiumBRUSSELS 1890119672163.2860.282.580.671.92
Austria WIENERBORSE 72748430766.5763.432.630.731.90
SwitzerlandVIRTX 50334221967.9964.042.460.621.84
SingaporeSGX 49192752135555.9549.242.791.071.72
SwitzerlandSIX 42912851165666.4458.082.200.631.56
JapanFUKUOKA 71442361.9752.271.750.840.91
JapanFUKUOKA 71442361.9752.271.750.840.91
USPREFERRED 41552914170070.1358.341.150.310.84
JordanASE 78343515855.5636.322.791.970.82
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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