BULLISH HARAMI
The chart showing Series 1 series.
To evaluate the performance of the pattern in your stock exchange within the context of other global markets, please refer to the table below. Locate your stock market to see its ranking among others. This will provide insights into the pattern’s strength and reliability, aiding you in your buying and selling decisions.
BULLISH HARAMI
Definition
This pattern consists of a black body and a small white body that is completely inside the range of the black body. When outlined, the pattern resembles a pregnant woman, which is not coincidental. The term "Harami" is derived from an old Japanese word meaning "pregnant." In this analogy, the black candlestick represents "the mother," and the small candlestick represents "the baby."
Recognition Criteria
1. The market is currently defined by a dominant downward trend
2. On the first day, a black candlestick is observed.
3. The white body that is formed on the second day is completely engulfed by the body of the first day.
Pattern Requirements and Flexibility
The pattern consists of two candlesticks, in which the first day’s black candlestick engulfs the following day’s white candlestick. The first one has to be a normal or long black candlestick. Either the body tops or the body bottoms of the two candlesticks may be at the same level, but whatever the case, the white body should be smaller than the previous black body.
Trader’s Behavior
The Bullish Harami indicates a disparity in the market’s condition. It typically occurs during a downtrend and bearish sentiment, characterized by heavy selling pressure as evidenced by a black candlestick, reinforcing the bearish outlook. However, on the following day, prices open higher or at the previous day’s close, causing concern among short traders. This results in the covering of many short positions, which pushes prices higher. As latecomers attempt to short the trend they previously missed, the rise slows, forming a small white (or green) candlestick. This pattern may signal a trend reversal, as the small real body on the second day suggests diminishing bearish momentum.
Buy/Stop-Loss Levels
The confirmation level is established at either the last closing price or the midpoint of the first black body, whichever is higher. For confirmation, prices must exceed this level.

The stop-loss level is established as the lower of the last two lows. After a BUY signal, the stop-loss is triggered if prices decline instead of rising and either close below the stop-loss level or record two consecutive daily lows below it, without any bearish pattern being detected.
Title
Pattern Performance in Stock Exchanges since 1/1/2022
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
TurkeyBIST 2322614315854362.4958.867.021.095.92
EgyptEGX 50732987182759.5360.506.210.995.21
USOTC MARKETS 3380419347901359.4944.828.003.264.74
USNASDAQ 99946621093396563.5453.485.681.574.12
IndiaBSE 68875415512264361.4353.525.391.344.05
PakistanPSX 60413604197461.0753.515.241.244.00
IndiaNSE 62129381672197662.6056.505.041.073.97
South KoreaKOSDAQ 58013358592039962.7756.025.061.123.94
CanadaCSE 3293165669950.9941.637.693.783.91
Vietnam HNX 41062404131159.0454.085.171.343.83
ArgentinaBCBA 41932651148466.1653.504.931.323.61
IndonesiaIDX 2431213527653956.3347.744.841.283.56
CanadaTSXV 95275098228854.3644.186.563.033.52
Poland GPW 152868740439758.0649.544.801.383.41
The WorldWORLD MARKETS 1657865102325856543963.1454.024.451.093.35
SwedenOMX STOCKHOLM 35814209641093359.3351.454.661.493.16
South KoreaKRX 47689299601735063.7457.083.900.813.09
Vietnam HOSE 114277041421162.2859.173.950.883.07
Hong KongHKEX 52108297991474658.0848.724.621.603.02
KuwaitBOURSA KUWAIT 2550150279660.1651.893.940.982.96
UKLSE 49916308031709963.3954.044.091.172.93
ChinaSZSE 118244755204327964.6256.643.870.962.91
DenmarkOMX COPENHAGEN 43982647142860.8553.364.041.152.89
FrancePARIS 2578015580844861.5253.273.850.962.88
TaiwanTPEx 32089189291033159.6553.973.851.002.85
IsraelTASE 1847111672682264.4157.343.761.002.75
USAMEX 143939249516665.7054.633.811.112.70
ChileBCS 1888118467763.1956.753.430.822.62
ChinaSSE 97385609303469763.3856.223.500.882.62
NorwayOSE 78904688239261.5249.284.111.532.59
MalaysiaBURSA MALAYSIA 2182312173598356.3548.653.781.282.50
BangladeshDSE 88714740234654.2448.753.821.372.45
Greece ATHEX 2553159787163.8553.443.461.012.45
CanadaTSX 31059197481083064.9153.723.461.022.44
TaiwanTWSE 46975285331584261.4254.913.270.892.37
SpainBME 38042290120660.9652.013.461.102.35
MexicoBMV 55093506185865.2251.713.721.372.35
QatarQE 148990548861.4553.332.960.652.31
PhilippinesPSE 67223769187256.6249.193.361.122.23
Saudi ArabiaTADAWUL 107956404361760.0555.802.940.762.19
AustraliaASX 3567820549980658.6746.843.951.772.18
JapanNSE 80250827464.2153.202.860.732.13
USNYSE 106725712024039668.0955.593.030.902.12
ThailandSET 2884615651705454.6544.753.341.282.06
JordanASE 46726211656.7543.773.421.352.06
JapanTSE 117413755424093965.3853.332.960.912.04
BrazilBOVESPA 3002218343964562.4051.483.020.982.04
PortugalLISBON 82851829863.2956.872.730.732.00
BelgiumBRUSSELS 37572204108559.4448.592.840.921.92
Austria WIENERBÖRSE 31421974106363.9152.943.011.131.88
UAEDFM-ADX 2420139673658.5551.942.690.821.87
ItalyMILAN 2415315866829767.7350.722.620.961.67
JapanFSE 2311467664.9450.672.190.671.51
SwitzerlandSIX 121707904430266.2253.382.300.801.50
SingaporeSGX 66613785171757.2145.052.601.111.49
NetherlandsAMSTERDAM 75905005269567.4752.632.290.831.45
GermanyXETRA 44975301451678868.4354.552.240.801.44
Patterns Total: The number of occurrences of this particular pattern during the specified period.
Confirmed Total: The number of detected patterns that were confirmed and converted into signals.
Profitable Signals: The number of confirmed patterns that resulted in profitable trades.
Confirmation %: The percentage of confirmed patterns relative to the total occurrences of this pattern.
Profitable Signal %: The percentage of successful confirmed patterns relative to the total confirmed patterns.
Per Trade Profit %: Total Profits divided by Total Trades.
Per Trade Loss %: Total Losses divided by Total Trades.
Per Trade Net%: (Total Profits minus Total Losses) divided by the Total Number of Trades.
Samples: Live sample ticker symbols from stock exchanges, with links to the related bulls.com© family websites’ stock pages.

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.