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 128766.6787.5013.500.1313.38
USOTCBB 84647823256.5048.5410.333.287.06
Greece ATHENS 125580846464.3857.436.711.355.36
ArgentinaBUE 55334323062.0367.065.760.934.83
USOTC PINK 131167466362557.0548.447.853.184.68
IndiaNSE 1808511025684260.9662.065.380.894.50
IndiaBSE 2443614614892859.8161.095.521.044.48
South KoreaKOSDAQ 2025912489809161.7864.645.100.814.29
EgyptEGX 131376344258.1157.934.971.093.89
ChinaSZSE 27557192631375869.9171.424.480.593.89
JapanNAGOYA 33121012463.4459.054.700.853.85
UKLSE 2166412972822259.8863.384.280.713.57
JapanTOKYO 45663296101808364.8861.044.350.813.54
USWARRANTS 2071308462.8064.624.721.213.51
SpainIBEX 1760113271364.3262.994.230.763.47
RUSSIAMICEX 2175127874758.7658.454.230.813.42
USAMEX 55413334195060.1758.494.381.033.36
Hong KongHKEX 1939711215609157.8254.314.491.153.34
Saudi ArabiaTADAWUL 28551793110062.8061.353.950.623.33
IndonesiaIDX 42792494130858.2852.454.431.103.33
ChinaSSE 1969013324924167.6769.363.820.553.28
South KoreaKRX 1746210770661861.7761.353.940.693.26
IsraelTASE 32942092134163.5164.104.060.823.25
NorwayOSE 2360141980160.1356.454.341.163.19
UAEUAE 62239121862.8655.754.291.103.18
DenmarkCOPENHAGEN 143989850762.4056.464.000.863.14
TaiwanGTSM 128917699472159.7261.323.770.653.12
The World 53484933819920883863.2561.733.880.823.06
PortugalLISBON 45326818359.1668.283.740.733.01
TurkeyBIST 88275023291356.9057.993.710.782.94
USNASDAQ 51550335942104765.1762.653.710.802.92
QatarQE 48929718660.7462.633.120.482.63
SwedenSTOCKHOLM 54903405191762.0256.303.621.022.60
FrancePARIS 88835576340862.7761.123.240.652.59
OmanMSM 2201246956.3655.653.450.862.59
KuwaitKSE 91849219853.5940.244.381.972.42
ItalyBORSA 77674997295864.3459.203.140.732.41
USNYSE 41687279351830967.0165.542.940.562.38
AustraliaASX 102926022338058.5156.133.641.282.36
MexicoBMV 1712112774765.8366.282.890.532.36
BrazilBOVESPA 54203194191958.9360.083.110.792.33
GermanyXETRA 99786701408667.1660.982.900.672.24
TaiwanTWSE 1921311796704761.4059.742.810.572.23
MalaysiaBURSA 75254246217456.4351.203.261.052.20
Austria WIENERBORSE 56438023467.3861.582.750.662.09
NetherlandsAMSTERDAM 2161139285464.4161.352.690.612.08
CanadaTSX 1902811913667862.6156.062.850.822.03
CanadaTSX-V 3804193177550.7640.135.033.111.92
BelgiumBRUSSELS 147594856264.2759.282.560.651.92
SwitzerlandVIRTX 46329819764.3666.112.330.491.84
SwitzerlandSIX 36952449142566.2858.192.150.511.63
SingaporeSGX 44472467115755.4846.902.551.091.46
JapanFUKUOKA 67422262.6952.381.980.791.19
USPREFERRED 39062772160170.9757.760.940.290.64
JordanASE 63234411354.4332.852.441.960.49
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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