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 193995751.3057.589.432.586.86
CanadaCSE 3341437242.8150.359.793.086.71
ArgentinaBUE 60234322756.9866.186.380.685.70
UKLSE 36022156371012843.4664.705.950.705.25
USOTC PINK 147137844352353.4644.798.603.355.24
IndiaBSE 2222912909780658.0760.476.051.055.00
IndiaNSE 153518604527356.0561.295.630.874.76
South KoreaKOSDAQ 119586358392953.1761.804.830.734.10
RussiaMICEX 2158120966156.0254.674.880.953.92
ChinaSZSE 113516876454260.5866.064.400.743.66
BrazilBOVESPA 34611935107756.2855.294.321.053.27
Hong KongHKEX 2577412740593749.4346.604.701.443.26
ChinaSSE 74604565297161.1965.083.910.663.26
NorwayOSE 2106111158053.1851.794.521.303.23
USNASDAQ 2314113477798358.3059.174.060.913.16
IndonesiaIDX 58542732130246.6747.663.921.042.88
The World 43924024181013379355.0855.303.861.002.87
USAMEX 3325186198155.9752.713.911.052.86
USWARRANTS 127714155.9157.754.761.902.86
IsraelTASE 2458131374353.5056.503.770.932.84
SwedenSTOCKHOLM 61093275173453.6352.933.931.162.76
South KoreaKRX 106825766342753.9859.433.360.632.74
TaiwanGTSM 103155343298851.8055.923.280.692.59
TurkeyBIST 91654727238351.5850.413.571.012.57
Saudi ArabiaTADAWUL 175394958554.1461.643.190.642.56
JapanTOKYO 35405212191167459.9355.023.300.832.47
Greece ATHENS 76643222456.4051.853.961.542.42
EgyptEGX 151173836348.8449.193.851.442.41
JapanSAPPORO 34231167.6547.833.701.352.35
CanadaTSX-V 5204260195350.0436.605.663.382.28
SpainIBEX 158187748455.4755.193.211.002.22
Austria WIENERBORSE 36121513659.5663.262.680.472.21
QatarQE 42322012852.0158.182.760.562.20
FrancePARIS 97395183303353.3058.432.850.652.20
AustraliaASX 139377233335851.9046.433.891.722.17
JapanNAGOYA 49129115159.2751.892.770.642.13
MexicoBMV 136779247157.9459.472.600.592.01
JapanFUKUOKA 89573364.0457.892.460.491.96
ItalyBORSA 59903656207061.3556.332.630.671.96
TaiwanTWSE 143917694412553.4653.612.540.601.95
BelgiumBRUSSELS 122672840059.3854.952.520.691.83
GermanyXETRA 78425068286364.6356.492.420.741.69
CanadaTSX 150578662433357.5749.992.620.981.64
UAEUAE 84744519652.5444.042.991.351.64
OmanMSM 3971617240.5544.722.871.271.60
USNYSE 2754217250996862.6357.792.170.581.59
NetherlandsAMSTERDAM 1818117165064.4155.512.060.651.41
MalaysiaBURSA 140637069299950.2742.422.801.411.39
DenmarkCOPENHAGEN 133176437457.4048.952.481.121.35
TurkeyBIST 81563369.1458.931.550.291.27
PortugalLISBON 41721510351.5647.912.441.261.18
SwitzerlandSIX 35642196116461.6253.011.730.581.15
Austria WIENERBORSE 137713651.8250.701.200.151.04
SingaporeSGX 73403681144650.1839.262.301.420.88
JordanASE 112858020251.4234.832.441.750.69
FOREXFOREX 139774555.4058.440.830.250.58
KuwaitKSE 201498829949.0630.262.542.040.51
USPREFERRED 39302619134266.6451.240.760.280.48
USAMEX 4541898141.6342.860.410.150.26
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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