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 174905551.7261.1110.022.437.59
CanadaCSE 2791236144.0949.599.893.066.83
ArgentinaBUE 58033622157.9365.776.360.685.68
UKLSE 3465015037975943.4064.905.960.705.27
USOTC PINK 140837505334753.4244.498.533.405.13
IndiaBSE 2126712381752058.2260.746.151.065.09
IndiaNSE 146278222504856.2161.405.750.874.87
South KoreaKOSDAQ 113526045373753.2561.824.930.734.19
RussiaMICEX 2054116364256.6255.205.000.914.09
ChinaSZSE 105946489429961.2566.254.520.763.76
ChinaSSE 69304289285361.8966.524.080.673.42
BrazilBOVESPA 33301863104555.9556.094.371.033.35
Hong KongHKEX 2452212152568649.5646.794.771.443.33
NorwayOSE 1998107756153.9052.094.621.313.30
USNASDAQ 2209012911763358.4859.094.070.933.14
USAMEX 3163176293755.7153.184.021.023.00
SwedenSTOCKHOLM 57913120166753.8953.414.071.142.94
The World 42045923186012862955.1655.463.891.002.89
IsraelTASE 2370126871453.5956.223.740.932.81
IndonesiaIDX 56042598124646.3647.963.831.032.80
USWARRANTS 119704058.8257.144.701.932.77
South KoreaKRX 101275487327154.1859.613.390.632.76
Saudi ArabiaTADAWUL 168091557054.4662.303.240.652.59
TaiwanGTSM 98825133289251.9456.343.280.692.59
TurkeyBIST 88154572230951.8750.503.581.012.57
JapanTOKYO 33859203211126360.0255.433.330.832.50
EgyptEGX 146671135148.5049.373.911.442.46
CanadaTSX-V 4935249693050.6237.235.743.312.42
JapanSAPPORO 34231167.6547.833.701.352.35
Greece ATHENS 74141621456.1451.443.811.562.25
FrancePARIS 93514964291953.0958.802.900.662.25
QatarQE 40921312652.0859.152.790.572.22
AustraliaASX 132476886319851.9846.443.931.722.21
SpainIBEX 153085046855.5655.063.190.982.20
JapanNAGOYA 47228114659.5351.962.800.642.16
Austria WIENERBORSE 34921013260.1762.862.570.482.09
MexicoBMV 131876546158.0460.262.630.582.05
ItalyBORSA 57223464196260.8956.312.620.671.95
TaiwanTWSE 138027395396753.5853.642.540.601.94
JapanFUKUOKA 88573364.7757.892.420.491.93
BelgiumBRUSSELS 116569337959.4854.692.550.691.86
OmanMSM 3741547141.1846.102.971.191.79
GermanyXETRA 74544811273464.5456.832.490.741.74
CanadaTSX 144258322418257.6950.252.670.981.70
UAEUAE 81343019152.8944.423.051.361.69
USNYSE 2630416512953362.7757.732.180.591.60
NetherlandsAMSTERDAM 1724111461564.6255.212.040.651.39
MalaysiaBURSA 135246775284950.1042.052.741.441.30
TurkeyBIST 80563370.0058.931.550.291.27
DenmarkCOPENHAGEN 127073335857.7248.842.381.121.26
SwitzerlandSIX 34372119112661.6553.141.740.571.16
Austria WIENERBORSE 133683551.1351.471.240.161.07
PortugalLISBON 4092079650.6146.382.301.291.01
SingaporeSGX 70533530138250.0539.152.291.440.85
JordanASE 108655919451.4734.702.441.780.66
FOREXFOREX 138764555.0759.210.840.240.61
KuwaitKSE 193195828749.6129.962.592.040.55
USPREFERRED 38202551132766.7852.020.780.280.50
USAMEX 4441817740.7742.540.400.150.25
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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