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 1/1/2014
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 80053037866.2571.328.180.647.54
USWARRANTS 2101398566.1961.157.161.345.82
USOTC PINK 155258825431357.0148.738.543.045.50
ChinaSZSE 25992187341363572.0872.786.020.705.32
CanadaCSE 150743249.3343.249.964.735.23
IndiaBSE 29015180391154462.1763.996.110.995.12
IndiaNSE 2267414256931762.8765.355.720.814.91
ChinaSSE 1758412641923671.8973.065.330.654.68
South KoreaKOSDAQ 2501515188982260.7264.675.310.784.52
Hong KongHKEX 2577814524797556.3554.915.461.214.25
USOTCBB 170964056.4741.677.383.384.00
UKLSE 2359714212921160.2564.784.650.723.93
Saudi ArabiaTADAWUL 31312015133764.3666.354.450.663.80
USAMEX 52943158183459.6558.074.791.063.73
RussiaMICEX 2635164497562.3959.314.490.813.67
IndonesiaIDX 54533050165655.9354.304.400.883.52
NorwayOSE 32451843103457.2355.684.721.243.48
BrazilBOVESPA 56053375208560.3761.614.220.833.39
TurkeyBIST 87305240320060.0261.074.110.733.38
South KoreaKRX 2102312844789561.0961.474.010.703.31
USNASDAQ 43697273451673262.6761.094.240.953.29
The World 62282639223524196563.0061.664.000.823.19
JapanFUKUOKA 81594072.8467.803.460.313.15
EgyptEGX 109565338359.6358.654.271.123.15
IsraelTASE 37262283144561.3863.183.840.803.04
SpainIBEX 2129129879360.9761.093.730.713.02
TaiwanGTSM 139948036478757.4259.573.710.703.01
SwedenSTOCKHOLM 89445467314361.1457.483.870.982.89
JapanTOKYO 48890318751921865.2060.293.570.742.83
Greece ATHENS 109869039162.8456.674.231.572.67
PortugalLISBON 54034520963.8960.583.651.022.63
OmanMSM 118643554.2454.693.641.082.56
QatarQE 58835021659.5261.713.070.532.54
ItalyBORSA 99986487392464.9960.393.180.712.47
DenmarkCOPENHAGEN 1764108764061.6258.883.140.722.41
FrancePARIS 112446995433062.2961.823.040.652.39
AustraliaASX 127727606415359.5554.603.511.162.35
UAEUAE 79647123459.1749.683.381.162.22
MexicoBMV 2278150194065.8962.622.800.582.22
GermanyXETRA 125828409524366.8362.352.830.662.18
TaiwanTWSE 2175112820736558.9457.452.710.602.11
CanadaTSX 1981612272696261.9556.712.950.852.11
Austria WIENERBORSE 67744727466.0361.302.750.682.07
USNYSE 57614379432303465.8660.712.700.652.05
NetherlandsAMSTERDAM 27091757110964.8663.122.600.562.03
BelgiumBRUSSELS 1796115072864.0363.302.570.552.02
CanadaTSX-V 3350172668451.5839.584.962.991.96
MalaysiaBURSA 90764999250955.0850.192.981.091.89
JordanASE 58930711752.1238.113.621.761.86
SingaporeSGX 45942431111852.9245.992.701.081.62
SwitzerlandSIX 51193467213967.7361.702.140.551.59
JapanNAGOYA 39827212368.3445.222.450.961.49
TurkeyBIST 31820412664.1561.761.440.231.22
KuwaitKSE 90046317451.4437.583.092.160.93
FOREXFOREX 52831019058.7161.291.140.240.90
Austria WIENERBORSE 31020311865.4858.131.030.220.81
USPREFERRED 46703335200871.4160.211.100.300.81
USAMEX 83346823656.1850.430.680.180.50
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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