BULLISH HARAMI CROSS
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 CROSS
Definition
This is a major bullish reversal pattern, which is even more significant than a regular Bullish Harami. The outline again looks like a pregnant woman, as with the Bullish Harami Pattern. However, now the baby is a Doji. Basically, the pattern is characterized by a black body followed by a Doji that is completely inside the range of the prior black body.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The Doji that is formed on the second day is completely engulfed by the body of the first day.
Pattern Requirements and Flexibility
The Bullish Harami Cross consists of two candlesticks, in which the body of the first black candlestick engulfs the body of the following Doji. The body of the first candlestick may be short.
Trader’s Behavior
A bearish mood prevails in the market, and a downtrend is in progress. The first day’s candlestick is a black body, which further supports bearishness. However the next day, prices open higher than the close, or at the close of the preceding day. The short traders are alarmed which leads to the covering of many short positions, causing the price to rise further. Moreover, the day closes at the opening price, showing lack of decision among traders. The increasing level of indecision and uncertainty amplifies the likelihood of a trend change and cause a reversal.
Buy/Stop Loss Levels
In the Bullish Harami Cross pattern the first candlestick can be short. This causes the confirmation level to change with respect to the body length of the first candlestick:

1. If the first black body is short, then the confirmation level will be defined as the body top of the first candlestick.

2. If the first black body is not short, then the confirmation level will the last close or the midpoint of the black body of the first candlestick, whichever is higher.

Prices should cross above these levels 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)
USOTCBB 162834451.2353.0110.773.107.67
ArgentinaBUE 64937024457.0165.956.390.675.73
CanadaCSE 4231828243.0345.058.583.355.24
UKLSE 38003165861077943.6864.945.920.695.23
USOTC PINK 157198405380153.5045.208.523.305.22
IndiaBSE 2390913908844458.1760.716.021.034.99
IndiaNSE 166529372575856.2861.445.630.864.77
South KoreaKOSDAQ 127836870426053.7462.014.820.724.10
RussiaMICEX 2346131570256.0553.384.750.993.76
ChinaSZSE 127217581495159.5965.314.200.773.43
BrazilBOVESPA 36942092115756.6355.314.251.063.18
Hong KongHKEX 2771213666634449.3146.424.611.443.16
USNASDAQ 2483314426852558.1559.044.080.923.16
NorwayOSE 2317122963353.0451.514.461.383.08
ChinaSSE 85325105329659.8364.563.700.683.03
IndonesiaIDX 62972954140646.9147.604.061.043.02
IsraelTASE 2651142682053.7957.503.880.892.99
USWARRANTS 121734260.3357.534.631.772.86
The World 47161425984714385055.1155.343.830.992.84
SwedenSTOCKHOLM 66403590189654.0752.813.951.152.80
South KoreaKRX 113906164370354.3359.843.400.602.80
USAMEX 34951945102755.7752.693.791.032.77
TurkeyBIST 97045067256952.2250.703.630.982.65
TaiwanGTSM 110845767322852.0355.973.260.682.59
JapanTOKYO 38046225741242659.3355.053.340.832.51
Greece ATHENS 81146524557.3452.694.031.522.51
Saudi ArabiaTADAWUL 1912103963754.3461.313.100.652.45
Austria WIENERBORSE 37622314459.3164.572.900.452.44
JapanSAPPORO 34231167.6547.833.701.352.35
EgyptEGX 164580339348.8148.943.731.442.30
FrancePARIS 101625454319253.6758.532.860.652.21
ArgentinaBUE 118704859.3268.572.400.202.20
SpainIBEX 165291550855.3955.523.181.002.18
JapanNAGOYA 51730516058.9952.462.770.622.15
CanadaTSX-V 58332917105150.0136.035.463.382.08
MexicoBMV 146885149657.9758.282.620.612.00
ItalyBORSA 64933992227961.4857.092.610.671.94
AustraliaASX 150127720354951.4345.973.681.761.92
QatarQE 45223913452.8856.072.590.681.92
TaiwanTWSE 154908299445253.5853.652.500.591.91
RussiaMICEX 105603657.1460.002.130.251.88
OmanMSM 2671054839.3345.712.810.931.88
BelgiumBRUSSELS 131878143159.2655.192.460.681.78
GermanyXETRA 83125403306865.0056.782.440.731.70
UAEUAE 88746820452.7643.592.961.331.63
CanadaTSX 160779222459157.3649.782.580.971.61
JapanFUKUOKA 93573261.2956.142.090.491.60
USNYSE 29555185131071962.6457.902.140.581.56
DenmarkCOPENHAGEN 141682041157.9150.122.561.061.50
NetherlandsAMSTERDAM 1968126571364.2856.362.100.631.48
UKLSE 136654347.7966.151.600.151.45
MalaysiaBURSA 152077658326550.3642.642.831.401.43
Greece ATHENS 126623649.2158.061.630.231.40
ItalyBORSA 124673954.0358.211.570.191.37
FrancePARIS 124673954.0358.211.570.191.37
TurkeyBIST 88593267.0554.241.680.321.36
BrazilBOVESPA 130784960.0062.821.830.511.32
PortugalLISBON 43922811251.9449.122.511.191.32
MexicoBMV 112714363.3960.561.460.241.23
Austria WIENERBORSE 133733554.8947.951.370.151.22
SwitzerlandSIX 37502319124961.8453.861.750.561.19
SwedenSTOCKHOLM 102603558.8258.331.380.201.18
SpainIBEX 130714154.6257.751.270.141.13
IsraelTASE 150694246.0060.871.330.231.10
CanadaTSX 129664151.1662.121.230.181.05
PortugalLISBON 105512748.5752.941.220.221.00
PeruBVL 135825960.7471.951.150.160.99
AustraliaASX 119573047.9052.631.250.280.96
PhilippinesPSE 151916160.2667.031.010.100.91
NorwayOSE 92683873.9155.881.070.180.90
FOREXFOREX 158925358.2357.611.030.170.86
IndiaNSE 132894567.4250.561.010.160.85
MalaysiaBURSA 102654063.7361.541.080.230.85
BelgiumBRUSSELS 108583053.7051.721.030.190.84
NetherlandsAMSTERDAM 108583053.7051.721.030.190.84
SingaporeSGX 78023928153250.3539.002.251.420.83
IndonesiaIDX 83512961.4556.861.060.240.82
South KoreaKOSDAQ 109603255.0553.331.050.270.78
JordanASE 120961921751.2035.062.451.680.78
ChileBCS 122724259.0258.331.000.260.74
ChinaSSE 126684153.9760.290.930.190.74
GermanyXETRA 110662760.0040.910.880.170.71
JapanTOKYO 94553158.5156.360.890.220.67
SingaporeSGX 163995560.7455.560.780.110.67
TaiwanGTSM 104623959.6262.900.710.100.61
Poland GPW 108552850.9350.910.870.270.60
SwitzerlandSIX 126703755.5652.860.740.160.59
ThailandSET 168814548.2155.560.730.210.52
PakistanKSE 1771094961.5844.950.670.170.50
USPREFERRED 40592715141066.8951.930.770.270.49
KuwaitKSE 2165104932148.4530.602.482.010.47
Hong KongHKEX 111602854.0546.670.520.100.42
DenmarkCOPENHAGEN 109573052.2952.630.530.140.39
BangladeshDSE 128823564.0642.680.540.160.38
USFOREX 59025911643.9044.790.470.180.29
UAEUAE 52325911649.5244.790.440.150.28
Vietnam HOSE 133803660.1545.000.490.210.28
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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Disclaimers:

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