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 83953637263.8969.407.170.796.38
USOTCBB 1821064758.2444.348.802.935.87
USOTC PINK 1801210262504957.0649.128.332.985.35
ChinaSZSE 31639227011636871.7572.105.890.715.19
IndiaBSE 30730189311182061.6362.415.871.034.85
IndiaNSE 2378614801949962.2364.175.650.864.78
USWARRANTS 24115510264.3265.815.700.974.73
CanadaCSE 104502248.0844.0010.185.584.60
South KoreaKOSDAQ 27356168101091461.6464.725.240.784.45
ChinaSSE 22289157611123470.7171.285.020.664.35
Hong KongHKEX 2789315866873856.9255.045.511.204.31
USAMEX 60713661212960.3058.154.941.063.88
UKLSE 26858161041046460.0264.924.570.723.86
RussiaMICEX 29441802107261.2159.494.580.843.73
EgyptEGX 114969641860.5760.064.811.093.72
Greece ATHENS 136184548962.0957.874.991.463.54
USNASDAQ 49278311721945763.3162.374.380.913.47
IndonesiaIDX 54923128168256.9653.774.481.023.47
South KoreaKRX 2319214218883661.3162.154.120.683.44
NorwayOSE 34272024111959.0655.294.541.263.28
UAEUAE 85251328460.2155.364.291.013.28
Saudi ArabiaTADAWUL 35082233144663.6564.763.880.643.24
SpainIBEX 2323142388761.2662.333.940.733.21
The World 70000944136827280463.0861.784.020.823.20
BrazilBOVESPA 66563894236658.5060.763.940.823.13
TaiwanGTSM 168119764587758.0860.193.790.693.10
IsraelTASE 41182564159862.3462.253.890.833.07
TurkeyBIST 104386000353157.4858.853.820.823.00
JapanTOKYO 55922364902177465.2559.673.810.842.97
SwedenSTOCKHOLM 86005310309461.7458.273.870.992.89
OmanMSM 1921035753.6555.343.781.002.78
CanadaTSX-V 3521182774251.8940.615.692.972.72
FrancePARIS 124957785485462.3062.353.190.642.55
DenmarkCOPENHAGEN 1924117267560.9157.593.260.762.50
QatarQE 67440224559.6460.952.990.492.50
PortugalLISBON 59236421961.4960.163.400.962.45
ItalyBORSA 110347063424364.0660.033.080.712.37
AustraliaASX 133317910434559.3654.913.531.222.32
MexicoBMV 2393156597365.4462.132.840.582.27
TaiwanTWSE 2537615065880459.3758.442.790.592.20
GermanyXETRA 139209165567865.8461.952.870.682.19
CanadaTSX 2312414293813261.8256.883.010.832.18
USNYSE 67107441432741665.8162.082.790.622.17
JapanFUKUOKA 97633664.9557.142.780.622.16
JapanNAGOYA 44529714666.7449.163.161.072.09
MalaysiaBURSA 99605636285756.6250.673.121.082.04
NetherlandsAMSTERDAM 29921917119264.0762.182.630.602.03
Austria WIENERBORSE 75949530265.2261.012.660.671.99
BelgiumBRUSSELS 1958125777964.2061.972.500.561.94
SwitzerlandSIX 58463940241067.4061.172.190.551.64
SingaporeSGX 54382910132853.5345.622.681.131.55
TurkeyBIST 2431569864.2062.821.220.221.01
USPREFERRED 51903660216870.5259.231.110.290.82
KuwaitKSE 108556321151.8937.482.902.130.77
FOREXFOREX 41425715762.0861.091.020.310.71
Austria WIENERBORSE 2281528766.6757.240.900.210.69
USAMEX 73743122758.4852.670.720.150.57
JordanASE 69036512752.9034.792.151.900.24
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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