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 201995649.2556.579.462.736.74
ArgentinaBUE 62735923957.2666.576.480.665.82
UKLSE 37182162061054543.7564.825.950.695.26
USOTC PINK 154028218368853.6044.678.523.345.18
CanadaCSE 3951707843.0445.888.423.345.08
IndiaBSE 2322813535825958.2761.026.101.035.07
IndiaNSE 161509115563156.4461.785.700.854.85
South KoreaKOSDAQ 124676681415053.6562.044.700.723.97
RussiaMICEX 2258127269156.3354.324.700.983.72
ChinaSZSE 124757404481859.3565.074.240.773.47
BrazilBOVESPA 35972026113256.6655.544.301.033.27
Hong KongHKEX 2708213325616249.2146.244.641.443.20
USNASDAQ 2425014089833458.1259.134.070.923.15
ChinaSSE 82914928317559.4464.433.770.673.09
NorwayOSE 2212115960353.2551.194.391.323.06
IndonesiaIDX 61052854136546.7547.834.051.043.01
IsraelTASE 2559138579854.1257.623.890.892.99
USAMEX 34651923101955.5052.993.951.042.91
The World 45926825268914001155.0655.363.850.992.85
SwedenSTOCKHOLM 64373459183653.8153.003.941.162.79
South KoreaKRX 111246030359354.2659.533.340.612.73
USWARRANTS 136764355.8856.584.571.912.66
TurkeyBIST 95024948250652.0750.653.600.992.62
TaiwanGTSM 107935576310951.6655.763.240.692.55
Greece ATHENS 79445724157.5652.744.021.522.51
Saudi ArabiaTADAWUL 1858101562554.6361.583.130.642.49
JapanTOKYO 36913219691211359.5355.123.320.832.49
Austria WIENERBORSE 36922014159.6264.092.900.462.44
EgyptEGX 158277238248.8049.483.781.412.37
JapanSAPPORO 34231167.6547.833.701.352.35
SpainIBEX 162790550355.6255.583.231.002.23
JapanNAGOYA 51030316059.4152.812.830.622.20
FrancePARIS 99455331312653.6658.582.860.662.20
CanadaTSX-V 55942788100749.9836.025.503.382.12
MexicoBMV 142882649357.8459.692.680.582.10
QatarQE 44323112852.1455.412.640.592.04
ItalyBORSA 62673850220461.4357.252.670.681.98
AustraliaASX 145217488346651.6146.253.741.751.98
TaiwanTWSE 151178041429853.1953.452.500.591.90
BelgiumBRUSSELS 128076141959.4555.062.490.691.80
GermanyXETRA 81735302299964.8756.562.450.731.72
JapanFUKUOKA 85532962.3554.722.210.531.68
CanadaTSX 157959054453557.3250.092.630.971.66
UAEUAE 88346020552.1044.572.971.341.63
USNYSE 28923181001046562.5857.822.150.581.57
NetherlandsAMSTERDAM 1902123669964.9856.552.110.641.48
OmanMSM 4131677340.4443.712.731.291.44
DenmarkCOPENHAGEN 138480240057.9549.882.541.101.44
MalaysiaBURSA 147287434317950.4842.762.831.391.43
PortugalLISBON 43122411151.9749.552.561.211.35
TurkeyBIST 85583568.2460.341.600.281.33
SwitzerlandSIX 36872287123062.0353.781.750.561.19
Austria WIENERBORSE 141723651.0650.001.190.151.04
SingaporeSGX 76183829149950.2939.132.261.420.85
JordanASE 117460221151.2835.052.511.780.73
FOREXFOREX 153865056.2158.140.850.230.62
USPREFERRED 40452707140066.9251.720.760.280.48
KuwaitKSE 2138103331348.3230.302.482.010.47
USAMEX 4832089243.0644.230.450.140.30
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
About Us
Support
Privacy
TOS
Important Links
English
Deutsch
中文
Français
Türkçe
Indonesia
Español
Italiano
 
 
 
 
 
 
 
 
 
 

Disclaimers:

Government regulations require disclosure of the fact that while these methods may have worked in the past, past results are not necessarily indicative of future results. While there is a potential for profits there is also a risk of loss. There is substantial risk in security trading. Losses incurred in connection with trading stocks or futures contracts can be significant. You should therefore carefully consider whether such trading is suitable for you in the light of your financial condition since all speculative trading is inherently risky and should only be undertaken by individuals with adequate risk capital. Neither Americanbulls.com LLC, nor Candlesticker.com makes any claims whatsoever regarding past or future performance. All examples, charts, histories, tables, commentaries, or recommendations are for educational or informational purposes only.

Candlesticker.com is an independent and free website and all the Services provided by Americanbulls.com LLC at Candlesticker.com are completely free of charge. Americanbulls.com LLC does not receive compensation by any direct or indirect means from the visitors and users of this website (or of any other bulls.com© family websites), and from the stocks, securities and other institutions or any underwriters or dealers associated with the broader national or international forex, commodity and stock markets.

You agree that Candlesticker.com and Americanbulls.com LLC its parent company, subsidiaries, affiliates, officers and employees shall not be liable for any direct, indirect, incidental, special or consequential damages.