BULLISH HARAMI
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
Definition
This pattern consists of a black body and a small white body that is completely inside the range of the black body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The black candlestick is “the mother” and the small candlestick is “the baby”.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
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 is a sign of disparity in the market’s health. The market is characterized by a downtrend and a bearish mood, and there is heavy selling reflected by a black body, which further supports the bearishness. However, the next day prices open higher or at the close of the preceding day and the short traders are alarmed. This leads to the covering of many short positions, causing the price to rise further. The latecomers short the trend they missed the first time, and slow down the rise. Thus, a small white body is formed. This may signal a trend reversal since the second day’s small real body shows that the bearish power is diminishing.
Buy/Stop Loss Levels
The confirmation level is defined as the last close or the midpoint of the first black body, whichever is higher. Prices should cross above this level 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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
JapanSAPPORO 1510866.6780.0012.600.1012.50
USOTCBB 54291453.7048.2813.033.909.14
ArgentinaBUE 117273751162.8869.347.050.646.41
USWARRANTS 1931288266.3264.067.391.276.12
CanadaCSE 66335313453.2437.969.924.125.80
USOTC PINK 1776010312508858.0749.348.663.025.64
IndiaBSE 32700198551252360.7263.075.480.964.52
IndiaNSE 28445172241111060.5564.505.160.824.34
South KoreaKOSDAQ 28997175671120260.6663.694.940.794.14
USAMEX 50502995174559.3158.265.161.104.06
ChinaSZSE 31595213471428667.5666.924.730.843.89
Hong KongHKEX 2943916590883656.3553.265.081.283.80
PakistanKSE 30711883110661.3258.744.720.953.77
UKLSE 26695161451030460.4863.824.470.713.76
EgyptEGX 117573241762.3056.974.711.073.64
ChinaSSE 2085314239961268.2867.504.320.763.56
USNASDAQ 52111325122043962.5062.754.480.923.56
IndonesiaIDX 70503922211955.6354.034.410.953.46
Saudi ArabiaTADAWUL 30511937125963.4965.004.110.683.43
TurkeyBIST 105656204371258.7259.834.180.783.40
Greece ATHENS 95762235764.9957.404.551.303.25
NorwayOSE 36592181123559.6156.634.311.063.25
BrazilBOVESPA 63083916235962.0860.243.990.863.13
SwedenSTOCKHOLM 128057738431360.4355.744.101.013.08
TaiwanGTSM 161119029529656.0458.663.790.713.08
RussiaMICEX 32962024117561.4158.053.890.843.05
BangladeshDSE 60343400193556.3556.913.890.873.02
Poland GPW 63133621205657.5556.594.091.093.00
The World 75590446911228311962.0860.333.790.842.95
South KoreaKRX 2483615040902560.5660.013.660.732.93
IsraelTASE 47072880181361.1962.953.650.812.84
Vietnam HOSE 47082755165958.5260.223.690.862.83
JapanNAGOYA 48732617966.9454.913.630.812.83
SpainIBEX 2243137180461.1258.643.420.752.67
JapanTOKYO 61859394592376463.7960.223.400.742.66
ChileBCS 2261140798762.2370.152.840.292.54
PhilippinesPSE 40192330131657.9756.483.300.812.49
ArgentinaBUE 35025116871.7166.932.670.242.43
JapanFUKUOKA 107785172.9065.383.080.672.41
AustraliaASX 154599187495059.4253.893.521.192.33
PortugalLISBON 51731816961.5153.143.290.972.31
FrancePARIS 129267928476161.3360.052.850.692.16
TaiwanTWSE 2409413984788558.0456.392.800.642.15
USNYSE 63019418422578366.4061.622.720.622.10
CanadaTSX 1995812535711362.8156.752.920.842.08
ItalyBORSA 111807292418265.4057.192.830.762.07
Austria WIENERBORSE 81552030963.8059.422.680.652.04
QatarQE 71040523957.0459.012.670.652.02
CanadaTSX-V 4360231387953.4237.745.123.171.95
MexicoBMV 27251748102964.1558.872.560.641.93
DenmarkCOPENHAGEN 2020123869761.2956.302.650.751.90
MalaysiaBURSA 102605665283755.2150.083.041.141.90
BelgiumBRUSSELS 2018121374660.1161.502.440.571.87
ThailandSET 120816725323155.6748.042.861.001.86
GermanyXETRA 135078828523865.4159.292.550.691.86
Vietnam HNX 2050107451452.3947.863.641.781.86
TurkeyBIST 28820513671.1866.342.010.231.79
NetherlandsAMSTERDAM 30101921112563.8258.562.300.611.68
UAEUAE 83347723357.2648.852.701.071.63
SingaporeSGX 47712602118954.5445.702.451.081.37
JordanASE 57129211151.1438.012.891.551.34
KuwaitKSE 85547820555.9142.893.091.761.33
BrazilBOVESPA 32321013465.0263.811.650.371.28
SwitzerlandSIX 55973777217967.4857.691.800.581.21
MexicoBMV 44128017263.4961.431.340.281.06
UKLSE 54931919758.1161.761.180.210.97
PakistanKSE 36423714565.1161.181.200.230.97
PhilippinesPSE 35321713161.4760.371.050.120.93
MalaysiaBURSA 37222614360.7563.271.100.220.88
ChileBCS 53734620264.4358.381.150.270.88
IndiaNSE 27719311669.6860.101.030.210.81
RussiaMICEX 3011868961.7947.851.340.530.81
Hong KongHKEX 34120313159.5364.530.960.150.80
IndonesiaIDX 26716910963.3064.501.040.240.80
NorwayOSE 28618912166.0864.021.000.210.79
SwitzerlandSIX 33921312562.8358.690.990.210.78
JapanTOKYO 43327617563.7463.411.070.290.78
Vietnam HOSE 34521813263.1960.550.990.220.78
DenmarkCOPENHAGEN 34621212161.2757.080.900.190.71
ThailandSET 40025214763.0058.330.850.150.69
SpainIBEX 53931918759.1858.620.910.220.69
USPREFERRED 50123490197369.6356.530.990.310.68
CanadaTSX 45828417762.0162.320.890.220.67
GermanyXETRA 33321012163.0657.620.860.200.66
PortugalLISBON 42025514960.7158.430.870.220.66
ChinaSSE 32219711761.1859.390.860.200.65
FOREXFOREX 56335821863.5960.890.960.310.65
SwedenSTOCKHOLM 38726415468.2258.330.830.190.63
AustraliaASX 42326515162.6556.980.880.260.62
Greece ATHENS 37022311960.2753.360.880.260.62
NetherlandsAMSTERDAM 39324413562.0955.330.800.190.61
BelgiumBRUSSELS 39324413562.0955.330.800.190.61
USFOREX 82248627959.1257.410.770.170.60
UAEUAE 66438122357.3858.530.840.240.60
FrancePARIS 36022712763.0655.950.840.240.60
ItalyBORSA 36022712763.0655.950.840.240.60
Austria WIENERBORSE 32420211062.3554.460.830.250.58
TaiwanGTSM 29818411261.7460.870.780.210.57
Poland GPW 38224113163.0954.360.790.230.56
IsraelTASE 37424514965.5160.820.780.230.55
South KoreaKOSDAQ 50230015159.7650.330.720.250.48
BangladeshDSE 31720212363.7260.890.640.210.43
SingaporeSGX 43224713457.1854.250.560.170.39
OmanMSM 77391650.6541.031.491.210.28
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

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.

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