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 1/1/2013
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 80450834963.1868.707.190.826.37
USOTCBB 1751054960.0046.679.002.846.16
USOTC PINK 1792010170498756.8448.968.303.015.29
ChinaSZSE 30445219431590872.0772.505.930.715.23
IndiaBSE 30066185051155361.5562.435.881.044.85
IndiaNSE 2320014422926862.1664.265.670.864.80
USWARRANTS 23715410264.9866.235.580.964.62
South KoreaKOSDAQ 26794163611061061.1664.755.260.794.47
ChinaSSE 21703153941105070.9371.785.040.664.38
Hong KongHKEX 2723015455851556.7655.105.541.204.34
UKLSE 26159156821020259.9965.014.640.723.92
USAMEX 60403651211960.4558.044.941.063.88
RussiaMICEX 28451737103761.0559.704.610.843.77
EgyptEGX 112068141260.8060.504.821.083.75
Greece ATHENS 133983548462.3657.965.031.473.56
IndonesiaIDX 52913022162257.1253.674.561.013.55
USNASDAQ 48279305001905263.1762.474.370.923.45
South KoreaKRX 2284913929863560.9661.994.110.673.44
Saudi ArabiaTADAWUL 34022162143463.5566.334.010.593.42
UAEUAE 83450428060.4355.564.341.013.32
NorwayOSE 33301962108858.9255.454.521.263.26
SpainIBEX 2271139187161.2562.623.960.733.24
The World 67619142517826245762.8961.724.060.833.23
BrazilBOVESPA 65293803231558.2560.873.980.823.16
TaiwanGTSM 165049572576358.0060.213.800.693.11
IsraelTASE 40102490155062.1762.173.910.833.08
TurkeyBIST 102945889347157.2158.943.830.823.01
JapanTOKYO 55089358162124465.0159.313.800.852.95
SwedenSTOCKHOLM 83125138299561.8158.293.881.002.88
CanadaTSX-V 3444179573052.1240.675.762.952.81
OmanMSM 1921035753.6555.343.781.002.78
QatarQE 65239023959.8261.283.040.472.57
FrancePARIS 122527633476462.3062.413.200.642.56
PortugalLISBON 57335521361.9560.003.450.942.51
DenmarkCOPENHAGEN 1900116766961.4257.333.260.762.50
ItalyBORSA 107286897415864.2960.293.120.712.41
CanadaCSE 100472047.0042.558.095.722.36
AustraliaASX 129397673421059.3154.863.551.222.33
MexicoBMV 2313151094365.2862.452.870.572.30
TaiwanTWSE 2491714734862659.1358.542.800.592.21
GermanyXETRA 135818962557665.9962.222.880.682.20
USNYSE 65650430272677565.5462.232.820.622.20
CanadaTSX 2268913992797161.6756.973.030.832.19
JapanFUKUOKA 96613463.5455.742.670.642.03
NetherlandsAMSTERDAM 29161875117364.3062.562.620.602.02
MalaysiaBURSA 98225526279156.2950.483.101.092.02
JapanNAGOYA 44929914766.5949.163.071.062.01
Austria WIENERBORSE 74247929164.5660.752.700.692.01
BelgiumBRUSSELS 1937124477464.2262.222.490.561.94
SwitzerlandSIX 56943834235267.3361.352.210.541.67
SingaporeSGX 54092880130953.2445.452.691.121.57
TurkeyBIST 2401539563.7562.091.210.220.99
USPREFERRED 50793600213470.8859.281.100.290.81
KuwaitKSE 103553519651.6936.642.872.140.73
FOREXFOREX 40125315663.0961.661.030.320.71
USAMEX 71241421558.1551.930.720.150.56
JordanASE 68036012452.9434.442.141.910.24
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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