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 1/1/2012
Country
Stock Exchange
Website
Patterns
Total
Confirmed
Total
Profitable
Signals
Confirmation
%
Profitable
Signal%
Per Trade
Samples
Profit%
Loss%
Total Net%(Descending)
JapanSAPPORO 149764.2977.7812.000.1111.89
USOTCBB 79044621656.4648.439.843.226.61
ChinaSZSE 28932200441438769.2871.785.440.664.78
Greece ATHENS 139689150063.8356.126.291.594.70
South KoreaKOSDAQ 2375914684956461.8065.135.330.834.51
USOTC PINK 155858829425456.8548.017.593.124.46
IndiaNSE 2182113261820260.7761.855.330.904.43
IndiaBSE 29477177311064960.1560.065.511.104.41
Hong KongHKEX 2416513816754957.1754.645.571.184.39
ArgentinaBUE 66942027062.7864.295.270.914.36
ChinaSSE 21309143381003267.2969.974.610.604.01
South KoreaKRX 2060612670783961.4961.874.320.703.62
EgyptEGX 145183046857.2056.394.691.193.51
UKLSE 2517015056943159.8262.644.210.723.49
JapanTOKYO 52536341732058965.0560.254.150.823.33
IsraelTASE 39172477158963.2464.154.150.833.32
USAMEX 61533681208959.8256.754.361.073.29
USNASDAQ 45794291001789363.5861.464.170.903.27
JapanNAGOYA 41427515566.4356.364.150.913.24
SpainIBEX 2080133082763.9462.183.970.773.20
UAEUAE 72444825661.8857.144.261.063.20
Saudi ArabiaTADAWUL 30891954122363.2662.593.780.633.15
IndonesiaIDX 50452849146656.4751.464.231.113.12
The World 62314439113423796062.7860.823.920.843.08
RussiaMICEX 2576151688458.8558.313.910.843.07
USWARRANTS 2341549765.8162.994.281.263.02
TaiwanGTSM 154168983542358.2760.373.700.693.01
NorwayOSE 2805166291859.2555.234.101.202.90
DenmarkCOPENHAGEN 1703105758462.0755.253.750.862.89
TurkeyBIST 103645907338857.0157.353.660.822.83
PortugalLISBON 53832321460.0466.253.620.802.82
SwedenSTOCKHOLM 65464038225061.6955.723.551.032.52
FrancePARIS 107286717404362.6160.193.160.662.49
OmanMSM 2471397756.2855.403.350.882.47
QatarQE 59135622060.2461.802.860.472.39
ItalyBORSA 93436029352864.5358.523.060.742.32
BrazilBOVESPA 63873737221458.5159.253.100.812.29
MexicoBMV 2097136287464.9564.172.800.532.27
AustraliaASX 119536973382758.3454.883.481.272.21
GermanyXETRA 121818069487166.2460.372.770.662.11
TaiwanTWSE 2340313964813459.6758.252.700.622.08
Austria WIENERBORSE 67845527167.1159.562.770.692.08
NetherlandsAMSTERDAM 25691649100764.1961.072.620.602.02
USNYSE 63280423072626166.8662.072.550.561.98
MalaysiaBURSA 91535073253655.4449.983.071.111.97
KuwaitKSE 104253921751.7340.263.871.941.93
CanadaTSX 2202413597750261.8155.112.710.841.87
BelgiumBRUSSELS 1788112865463.0957.982.430.661.77
SwitzerlandVIRTX 54635822865.5763.692.320.581.75
CanadaTSX-V 4134211082951.0639.274.833.181.65
SwitzerlandSIX 43932895167065.9057.692.060.561.50
SingaporeSGX 52612875132054.6545.912.591.131.45
JapanFUKUOKA 77482462.3450.001.980.791.19
JordanASE 70838713054.6633.592.721.900.82
USPREFERRED 46183236184170.0756.890.910.300.61
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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