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 71844830962.4068.977.240.846.40
ChinaSZSE 28071202531472772.1572.726.130.725.41
USOTC PINK 158418988440056.8748.848.252.985.27
USOTCBB 60933314354.6842.948.773.755.02
IndiaBSE 27191166941038261.4062.195.951.054.89
IndiaNSE 2086412917824561.9163.835.680.894.79
South KoreaKOSDAQ 2414114901974361.7765.345.370.794.58
ChinaSSE 20196143181025470.9071.625.180.674.51
Hong KongHKEX 2464013981773656.7655.315.701.204.50
USAMEX 54513266187559.9257.414.991.093.90
RussiaMICEX 2545152892160.0460.274.670.823.85
EgyptEGX 102162738161.4160.774.941.103.85
USWARRANTS 2261449563.7265.974.830.993.84
UKLSE 2410514298926059.3264.764.510.713.80
Greece ATHENS 124977745362.2158.305.171.453.72
South KoreaKRX 2038812515782561.3862.524.240.673.56
Saudi ArabiaTADAWUL 30701967130564.0766.344.170.603.56
UAEUAE 76045725460.1355.584.511.053.45
NorwayOSE 3000174296558.0755.404.651.233.42
USNASDAQ 44376277691719462.6161.894.300.943.36
SpainIBEX 2056123877860.2162.844.010.703.31
IndonesiaIDX 47422659141756.0753.294.331.053.28
The World 61185638263123552562.5561.544.090.843.25
JapanTOKYO 48005310651860964.7159.903.940.843.10
TaiwanGTSM 151958760525257.6559.953.750.693.06
IsraelTASE 37782320144061.4162.073.860.843.02
TurkeyBIST 95035417319357.0058.943.830.813.02
BrazilBOVESPA 60483489209557.8259.913.690.842.85
DenmarkCOPENHAGEN 1738106159961.0556.463.510.782.73
SwedenSTOCKHOLM 72304433256761.3157.913.710.982.72
FrancePARIS 109486765421161.7962.253.310.632.68
OmanMSM 185995353.5153.543.651.002.65
PortugalLISBON 53232719961.4760.863.490.882.61
QatarQE 59134721358.7161.382.990.492.50
ItalyBORSA 95016019362963.3560.293.170.682.49
CanadaTSX-V 3153162265351.4440.265.372.952.41
MexicoBMV 2101136085964.7363.162.940.562.38
GermanyXETRA 122367936489164.8661.632.910.682.23
AustraliaASX 115756847373259.1554.513.441.232.21
TaiwanTWSE 2299213470782158.5958.062.780.592.18
JapanNAGOYA 40727313667.0849.823.261.072.18
CanadaTSX 2115412949730861.2156.443.020.842.18
USNYSE 61600401412489065.1662.012.810.632.18
NetherlandsAMSTERDAM 26471652103362.4162.532.730.602.13
MalaysiaBURSA 90925120259856.3450.723.151.092.06
JapanFUKUOKA 84532863.1052.832.750.702.06
Austria WIENERBORSE 66142726364.6061.592.690.652.04
BelgiumBRUSSELS 1742109966963.0960.872.510.561.95
SwitzerlandSIX 50683334203965.7961.162.230.551.68
SingaporeSGX 50392668121252.9545.432.671.161.52
KuwaitKSE 107354320950.6138.493.262.111.15
USPREFERRED 48403391200170.0659.011.080.300.78
JordanASE 65534812053.1334.482.271.980.29
CanadaCSE 75331244.0036.363.486.94-3.45
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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