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 172915352.9158.249.812.807.01
CanadaCSE 2581135244.1945.619.163.345.82
ArgentinaBUE 55631720958.2764.516.360.675.69
UKLSE 3418814672950242.9864.675.950.705.25
IndiaBSE 2052911958724958.2560.626.201.075.12
USOTC PINK 137907329324853.2844.218.403.444.95
IndiaNSE 140167868482456.1461.315.780.884.90
RussiaMICEX 2039115963356.8454.625.450.964.48
South KoreaKOSDAQ 108735756355653.0961.614.950.744.22
ChinaSZSE 103046266409960.8165.424.590.793.80
ChinaSSE 68344204276861.5265.844.080.683.40
NorwayOSE 1937104054453.6952.314.691.333.36
Hong KongHKEX 2376111686543849.2746.454.771.453.32
BrazilBOVESPA 3232179599755.9155.174.161.043.12
USNASDAQ 2142012394727957.9658.644.040.933.11
SwedenSTOCKHOLM 55232967157453.7453.034.021.152.87
The World 40973622430812357754.7955.053.881.012.86
IndonesiaIDX 54572516120746.1147.973.891.032.85
USAMEX 3074169089854.9853.143.851.012.84
South KoreaKRX 97835276314453.9359.593.450.652.80
IsraelTASE 2298121668153.2655.643.650.922.72
Saudi ArabiaTADAWUL 162487954254.1361.663.250.672.58
TaiwanGTSM 96824956274951.1955.473.210.712.50
JapanTOKYO 32738194761072059.4955.043.330.842.49
TurkeyBIST 86284456222551.6549.933.501.032.47
EgyptEGX 140568734048.9049.493.891.462.44
Greece ATHENS 75340920654.8549.883.931.562.37
JapanSAPPORO 34231167.6547.833.701.352.35
CanadaTSX-V 4821244890250.8836.775.663.332.33
QatarQE 39620712552.2760.392.840.552.29
FrancePARIS 91114812281352.8258.462.880.662.22
AustraliaASX 128486677309852.0246.353.901.732.18
SpainIBEX 146781144055.2854.253.171.002.17
JapanNAGOYA 45927214159.2651.842.800.652.15
Austria WIENERBORSE 33620012559.5262.502.590.502.09
MexicoBMV 127274344258.4159.492.600.572.03
ItalyBORSA 55123295184259.9455.752.610.701.92
BelgiumBRUSSELS 112466536259.1654.442.540.711.84
OmanMSM 3631496841.0545.642.991.181.81
TaiwanTWSE 134657141375353.0352.562.420.621.81
GermanyXETRA 72054575257363.5056.242.470.771.71
USWARRANTS 118693758.4753.624.042.391.65
CanadaTSX 140778019399957.0449.802.610.971.63
USNYSE 2606616155925361.9957.272.160.591.57
UAEUAE 77842318854.3744.442.931.371.56
JapanFUKUOKA 86543062.7955.562.070.521.56
NetherlandsAMSTERDAM 1677106357963.3954.472.100.721.38
TurkeyBIST 78553370.5160.001.580.291.29
DenmarkCOPENHAGEN 122770534557.4648.942.401.151.26
MalaysiaBURSA 133126621274649.7441.472.671.461.21
SwitzerlandSIX 33352041107261.2052.521.720.591.14
Austria WIENERBORSE 129653350.3950.771.170.151.02
PortugalLISBON 3961979249.7546.702.241.290.94
SingaporeSGX 69433458133849.8338.672.241.460.78
FOREXFOREX 136764555.8859.210.840.240.61
JordanASE 105054218351.6233.762.391.810.58
USPREFERRED 38092543131466.7651.670.770.290.48
KuwaitKSE 186492727749.7329.882.442.050.40
USAMEX 4371787640.7342.700.410.160.25
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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