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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
NorwayOSE 50433019865.4860.0033.130.2232.91
USWARRANTS 1631036763.8064.4217.731.8715.87
JapanSAPPORO 1510866.6780.0012.600.1012.50
USOTCBB 54291453.7048.2813.033.909.14
TurkeyBIST 146869051557161.6361.556.560.825.74
ArgentinaBUE 2262139988361.9463.036.631.115.52
CanadaCSE 2024102643651.9341.489.334.185.15
USOTC PINK 2817716358741859.1844.498.593.634.96
EgyptEGX 1604102155963.6554.755.761.354.41
South KoreaKOSDAQ 43352267811555361.7858.075.311.024.29
Poland GPW 95095532296358.1853.565.441.384.06
IndiaNSE 41140242541383859.0556.975.101.084.01
The World 118302374006541417362.6355.904.991.033.97
USNASDAQ 74067466752653263.0656.815.221.293.93
IndiaBSE 43393257351423959.3855.265.111.303.81
CanadaTSX-V 66603625151954.4341.907.083.453.64
IndonesiaIDX 116956581345156.2752.444.761.153.61
UKLSE 39372239711379261.1757.274.550.983.57
PakistanKSE 42872518138358.7454.924.801.273.54
Vietnam HNX 2040114858656.2751.054.851.343.52
NorwayOSE 56843396180659.7553.184.661.223.44
IsraelTASE 81995177310763.4059.774.350.963.39
SwedenSTOCKHOLM 2235513419701260.1552.154.671.313.36
USAMEX 87325432301262.4055.284.401.213.20
Greece ATHENS 1682107659263.9755.024.351.173.18
South KoreaKRX 37014227911301861.7256.983.950.823.13
Saudi ArabiaTADAWUL 46502940175363.2359.633.830.833.00
Vietnam HOSE 74414515255760.6856.633.860.862.99
BrazilBOVESPA 113497179398963.5655.303.970.992.98
DenmarkCOPENHAGEN 3132190997060.9550.813.851.002.84
TaiwanGTSM 2172712840692359.1053.923.710.872.84
JapanNAGOYA 71745524863.4654.513.690.862.83
JapanFUKUOKA 1661086265.0657.413.380.642.74
AustraliaASX 2386014358720960.2150.184.211.502.71
MalaysiaBURSA 154328445424254.7250.233.961.262.71
RussiaMICEX 53533271170861.1252.203.580.902.68
QatarQE 97457531759.0355.133.490.822.68
Hong KongHKEX 40381228311109556.5848.564.051.472.58
ArgentinaBUE 51837926073.1768.602.800.232.57
BangladeshDSE 92585108258655.1750.633.771.202.57
Austria WIENERBORSE 66243724866.0156.753.420.972.45
FrancePARIS 2001812442707162.2456.753.290.842.45
ChinaSZSE 64247412262284964.1855.423.491.072.42
PhilippinesPSE 58333314169856.8151.243.481.062.42
CanadaTSX 2699817066927263.2254.333.350.992.37
JapanTOKYO 91183590823240564.7954.853.310.972.34
SpainIBEX 29981883101062.8153.643.331.022.31
ChinaSSE 44063288181617365.4056.123.190.932.26
TaiwanTWSE 33694204471117560.6854.652.930.722.21
USNYSE 80152541783145467.6158.042.990.802.19
KuwaitKSE 115070934561.6548.663.491.342.15
MexicoBMV 43682777152463.7154.763.050.912.14
ThailandSET 1836110255483255.8547.123.241.112.13
ChileBCS 28651748104861.0159.952.600.492.11
BelgiumBRUSSELS 2921175292359.9852.682.770.772.00
GermanyXETRA 2339015691910367.2557.872.730.771.97
PortugalLISBON 71643922361.3150.802.930.981.95
JordanASE 53627811251.8740.293.231.401.83
ItalyBORSA 1666210887585265.7953.382.710.881.83
NetherlandsAMSTERDAM 49063244184066.1256.722.450.711.74
USPREFERRED 76995090281966.1155.382.100.411.69
TurkeyBIST 47733923371.0768.731.930.251.68
UAEUAE 110868633061.9148.102.701.081.62
BrazilBOVESPA 52334521965.9763.481.950.371.58
SingaporeSGX 56283060138754.3745.332.541.171.37
SwitzerlandSIX 85235668308366.5054.392.010.671.34
ChileBCS 94560337763.8162.521.390.231.16
MexicoBMV 72046326864.3157.881.400.321.08
OmanMSM 123592648.7843.332.020.971.05
PakistanKSE 64241423664.4957.001.250.241.01
PhilippinesPSE 60338821964.3456.441.000.180.82
UKLSE 91854831459.6957.301.030.220.81
JapanTOKYO 67844927166.2260.361.070.280.79
IndonesiaIDX 42828617466.8260.841.070.290.78
Vietnam HOSE 52534121064.9561.581.000.220.78
CanadaTSX 73446128262.8161.171.000.230.77
MalaysiaBURSA 57637823065.6360.851.000.230.77
IndiaNSE 45331818470.2057.860.970.230.75
RussiaMICEX 45228914963.9451.561.210.500.71
SpainIBEX 84751130460.3359.490.930.240.69
PortugalLISBON 66040724261.6759.460.930.250.69
Hong KongHKEX 55335121563.4761.250.830.150.68
AustraliaASX 66142722964.6053.630.950.270.68
IsraelTASE 59438722565.1558.140.960.280.68
ThailandSET 70546025365.2555.000.810.150.67
FOREXFOREX 77952128166.8853.931.020.360.66
GermanyXETRA 52734520865.4660.290.880.230.65
Poland GPW 63440522863.8856.300.870.220.65
TaiwanGTSM 48131519065.4960.320.900.250.65
UAEUAE 102260936859.5960.430.860.210.65
DenmarkCOPENHAGEN 54334519663.5456.810.860.220.64
Greece ATHENS 59337421063.0756.150.960.320.64
SwedenSTOCKHOLM 61540823566.3457.600.840.220.62
BelgiumBRUSSELS 62439723363.6258.690.830.210.62
NetherlandsAMSTERDAM 62439723363.6258.690.830.210.62
USFOREX 129076845059.5358.590.770.170.61
ChinaSSE 52233820064.7559.170.810.220.60
South KoreaKOSDAQ 77047425961.5654.640.830.240.60
Austria WIENERBORSE 50933118965.0357.100.900.320.58
SwitzerlandSIX 54135319365.2554.670.800.230.57
ItalyBORSA 57137521765.6757.870.870.310.57
FrancePARIS 57137521765.6757.870.870.310.57
SingaporeSGX 66639922059.9155.140.650.160.49
BangladeshDSE 54735619965.0855.900.640.210.43
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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