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 1/1/2021
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
NorwayOSE 69646027366.0959.3524.020.2323.78
JapanSAPPORO 1510866.6780.0012.600.1012.50
USOTCBB 54291453.7048.2813.033.909.14
ArgentinaBUE 59463836240365.3261.877.081.205.88
EgyptEGX 41162466152259.9161.726.391.045.35
Vietnam HNX 38482286127859.4155.915.801.334.47
USOTC PINK 3014217263803159.6244.697.373.154.22
South KoreaKOSDAQ 55381350221998463.2457.065.101.133.97
USNASDAQ 101181635563476562.8954.645.391.533.87
CanadaCSE 3585181874950.7141.207.393.983.41
CanadaTSX-V 95195072218353.2843.046.503.203.30
Vietnam HOSE 106906707400462.7459.704.170.903.27
PakistanKSE 54543198170858.6453.414.491.373.12
South KoreaKRX 47269299341712663.3357.213.810.842.97
IsraelTASE 1666810468618962.9159.023.911.002.91
TaiwanGTSM 2867817151937459.9954.483.810.922.89
USAMEX 133378474462463.5454.574.031.202.83
ChinaSZSE 109071701513985164.3256.813.720.992.74
MalaysiaBURSA 2001011044545855.1949.424.031.302.73
BangladeshDSE 93505100251154.5549.243.981.342.64
The World 165984175097241905962.5240.383.400.762.63
KuwaitKSE 2142125366858.5053.313.530.902.63
ArgentinaBUE 64248132874.9268.192.810.222.58
Hong KongHKEX 50808289311386856.9447.934.221.632.58
QatarQE 144185746659.4754.383.240.692.55
TaiwanTWSE 44129270821511061.3755.793.230.792.44
ChinaSSE 85653547193091663.8856.503.320.922.41
CanadaTSX 33615210981145962.7654.313.411.012.40
BrazilBOVESPA 2566616160872562.9653.993.310.972.35
AustraliaASX 3494020291983458.0848.464.031.762.28
ChileBCS 2486147985559.4957.812.910.672.24
PhilippinesPSE 69573971202157.0850.893.331.122.21
USNYSE 107989723624160667.0157.503.050.872.18
MexicoBMV 57793716192664.3051.833.461.322.14
JapanTOKYO 118044760044077464.3953.652.940.951.99
JapanNAGOYA 87455129363.0453.182.760.811.95
JordanASE 51428512055.4542.113.521.621.90
TurkeyBIST 62645231272.2069.032.150.251.90
BrazilBOVESPA 77252633368.1363.311.750.361.39
PakistanKSE 93660634764.7457.261.560.241.32
SingaporeSGX 66873724163655.6943.932.521.201.32
RussiaMICEX 72246725564.6854.601.780.601.18
ChileBCS 134088755866.1962.911.380.261.13
OmanMSM 123592648.7843.332.020.971.05
MexicoBMV 102664635562.9654.951.290.340.95
JapanFUKUOKA 1991286464.3250.001.670.750.92
JapanTOKYO 92964038468.8960.001.170.270.90
IsraelTASE 90555632461.4458.271.090.290.80
PhilippinesPSE 89559935266.9358.760.950.170.77
Poland GPW 95659331962.0353.791.000.250.75
Vietnam HOSE 77751931866.8061.270.940.200.74
FOREXFOREX 124885245168.2752.931.130.400.73
IndiaNSE 63343925569.3558.090.960.230.73
MalaysiaBURSA 79753831567.5058.550.930.230.71
ThailandSET 105268538465.1156.060.860.160.69
UKLSE 132780945360.9656.000.910.220.69
AustraliaASX 100165435465.3354.130.930.250.68
CanadaTSX 100462837362.5559.390.920.250.68
TaiwanGTSM 68644225864.4358.370.900.240.66
SpainIBEX 125176743661.3156.840.890.250.65
IndonesiaIDX 62943124668.5257.080.910.280.64
PortugalLISBON 96759533861.5356.810.900.270.63
South KoreaKOSDAQ 109570739064.5755.160.860.230.62
SwedenSTOCKHOLM 85555030664.3355.640.820.220.60
UAEUAE 149689852460.0358.350.810.220.59
Hong KongHKEX 83353530764.2357.380.750.160.59
DenmarkCOPENHAGEN 80653628766.5053.540.820.240.59
Austria WIENERBORSE 79551228164.4054.880.900.330.57
Greece ATHENS 91757830963.0353.460.920.350.57
GermanyXETRA 81353530365.8156.640.820.250.57
ChinaSSE 78052030266.6758.080.750.190.56
USFOREX 1851112763660.8956.430.750.200.55
ItalyBORSA 88857931865.2054.920.860.310.54
FrancePARIS 88857931865.2054.920.860.310.54
NetherlandsAMSTERDAM 94360933764.5855.340.770.230.54
BelgiumBRUSSELS 94360933764.5855.340.770.230.54
SwitzerlandSIX 80752226564.6850.770.710.280.43
SingaporeSGX 100162632662.5452.080.570.150.43
BangladeshDSE 85157130167.1052.710.660.240.42
DenmarkCOPENHAGEN 4451402759.851.010.080.010.06
PortugalLISBON 918201062.751.740.080.030.04
Austria WIENERBORSE 3030291463.400.730.050.020.03
ThailandSET 27040281555.120.100.010.000.01
TurkeyBIST 22326181561.800.110.010.000.01
SwedenSTOCKHOLM 35688342159.150.100.010.000.01
ItalyBORSA 25723382066.050.120.010.000.00
UKLSE 55274201361.040.040.000.000.00
UAEUAE 185516759.510.630.010.010.00
USPREFERRED 871410464.470.070.000.000.00
IndiaNSE 59892261460.350.040.000.000.00
NetherlandsAMSTERDAM 75178365.850.060.000.000.00
FrancePARIS 27487191160.530.070.000.000.00
Poland GPW 134683158.460.010.000.000.00
Saudi ArabiaTADAWUL 91590060.050.000.000.000.00
NorwayOSE 81520060.790.000.000.000.00
SwitzerlandSIX 121660064.840.000.000.000.00
BelgiumBRUSSELS 38620058.750.000.000.000.00
SpainIBEX 39410060.640.000.000.000.00
Greece ATHENS 26220062.780.000.000.000.00
USWARRANTS 9540057.130.000.000.000.00
RussiaMICEX 62830060.690.000.000.000.00
IndiaBSE 64714261259.610.030.000.000.00
GermanyXETRA 424392066.540.000.000.000.00
IndonesiaIDX 219598056.070.000.000.000.00
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.

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.