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.
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.
Pattern Performance in Stock Exchanges since 1/1/2020
Stock Exchange 
Per Trade 
Total Net% Descending
NorwayOSE 65343426066.4659.9125.400.2425.17
JapanSAPPORO 1510866.6780.0012.600.1012.50
USOTCBB 54291453.7048.2813.033.909.14
ArgentinaBUE 61345831574.7168.782.740.222.52
TurkeyBIST 60142829671.2169.
BrazilBOVESPA 70547730367.6663.521.790.371.43
PakistanKSE 86156333165.3958.791.600.221.38
ChileBCS 125481951165.3162.391.380.261.13
RussiaMICEX 63539821262.6853.271.730.631.10
OmanMSM 123592648.7843.332.020.971.05
FOREXFOREX 112575840767.3853.691.320.331.00
MexicoBMV 95460132663.0054.241.280.340.94
JapanTOKYO 88260236068.2559.801.170.270.90
Poland GPW 87454330162.1355.431.030.240.80
PhilippinesPSE 83455733066.7959.250.950.170.78
Vietnam HOSE 71847529666.1662.320.960.190.77
IndiaNSE 59241224269.5958.740.970.230.75
MalaysiaBURSA 74049129766.3560.490.960.220.74
IsraelTASE 80450428762.6956.941.020.300.72
TaiwanGTSM 63240824564.5660.050.940.240.70
IndonesiaIDX 58139022667.1357.950.960.270.69
ThailandSET 95862435265.1456.410.840.150.69
UKLSE 123274341860.3156.260.910.230.69
CanadaTSX 95159635262.6759.060.900.250.65
SpainIBEX 115470540761.0957.730.900.250.65
PortugalLISBON 89555432161.9057.940.910.280.63
AustraliaASX 92260232565.2953.990.880.250.63
South KoreaKOSDAQ 99964035464.0655.310.860.240.62
Hong KongHKEX 75848828864.3859.020.770.160.61
SwedenSTOCKHOLM 78951428865.1556.030.830.220.61
UAEUAE 138282949159.9959.230.820.210.60
ChinaSSE 71646227964.5360.390.790.190.60
Greece ATHENS 83853029063.2554.720.930.350.58
GermanyXETRA 74349128566.0858.040.830.250.57
Austria WIENERBORSE 72446926364.7856.080.900.330.57
USFOREX 1723104659760.7157.070.760.200.56
ItalyBORSA 81053129865.5656.120.860.320.54
FrancePARIS 81053129865.5656.120.860.320.54
NetherlandsAMSTERDAM 86255931664.8556.530.770.240.53
BelgiumBRUSSELS 86255931664.8556.530.770.240.53
DenmarkCOPENHAGEN 72948326066.2653.830.770.230.53
SingaporeSGX 90656230162.0353.560.600.150.45
BangladeshDSE 78552227966.5053.450.680.240.44
SwitzerlandSIX 75048424864.5351.240.700.280.42
EgyptEGX 2870161060.280.580.110.010.10
The World 1493484345472046462.
PortugalLISBON 84019863.101.510.090.030.05
DenmarkCOPENHAGEN 4153342260.320.880.060.010.04
Austria WIENERBORSE 2813241363.880.720.050.020.03
NorwayOSE 7460211260.310.
USAMEX 11851181263.790.
JapanFUKUOKA 17512766.865.980.050.030.02
KuwaitKSE 1877201058.870.900.020.010.01
ThailandSET 23369201155.440.
Vietnam HOSE 921914761.710.
SwedenSTOCKHOLM 31726292059.
TurkeyBIST 18551151261.
PhilippinesPSE 65628556.670.
UAEUAE 14989560.410.550.010.000.01
IsraelTASE 14207161063.
RussiaMICEX 706616759.910.
ItalyBORSA 23603372065.930.
QatarQE 11992160.
BangladeshDSE 91855353.900.
TaiwanTWSE 38691231561.
TaiwanGTSM 25490211459.600.
USNASDAQ 93945221662.610.
IndiaNSE 51140251559.650.
UKLSE 51190181160.770.
USPREFERRED 871410464.470.
South KoreaKOSDAQ 4947311663.350.
JapanTOKYO 105431191264.440.
NetherlandsAMSTERDAM 68397365.700.
ChinaSSE 7479715963.
AustraliaASX 32131201257.770.
Hong KongHKEX 457275256.480.
USNYSE 99414221366.830.
FrancePARIS 2565617961.
South KoreaKRX 4283214863.320.
Poland GPW 121693158.
CanadaCSE 36760050.790.
CanadaTSX-V 91820053.430.
CanadaTSX 3106713762.520.
BrazilBOVESPA 220440062.340.
BelgiumBRUSSELS 36370058.890.
ArgentinaBUE 42730065.
ChileBCS 23850058.780.
SwitzerlandSIX 111610064.500.
ChinaSZSE 983340063.
SpainIBEX 35010061.
Greece ATHENS 23300062.490.
JapanNAGOYA 7500063.470.
MalaysiaBURSA 186560054.640.
MexicoBMV 55220063.960.
Saudi ArabiaTADAWUL 75510060.420.
JordanASE 4930054.560.
Vietnam HNX 33150058.400.
PakistanKSE 49120057.410.
IndiaBSE 54674251059.
GermanyXETRA 385852066.
USOTC PINK 246975059.830.
IndonesiaIDX 189455056.310.
SingaporeSGX 61522054.940.
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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