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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
NorwayOSE 46330118665.0161.7934.960.2234.74
USWARRANTS 114634155.2665.0826.482.1424.33
JapanSAPPORO 1510866.6780.0012.600.1012.50
USOTCBB 54291453.7048.2813.033.909.14
ArgentinaBUE 2144132183061.6162.836.911.095.81
TurkeyBIST 164899964598260.4360.045.710.864.86
South KoreaKOSDAQ 45976285381638162.0757.405.301.084.22
USOTC PINK 3103817759787758.5443.357.723.664.05
EgyptEGX 1813113663862.6656.165.041.263.78
IndiaNSE 44829264871492859.0856.364.911.143.76
IndiaBSE 48706289641576059.4754.415.021.383.64
Poland GPW 101205885309658.1552.614.951.363.59
CanadaCSE 175388034650.2039.328.144.683.46
UKLSE 43481264101515960.7657.384.400.993.42
USNASDAQ 82604513812856262.2055.594.691.303.39
The World 122152375922741844662.1955.084.471.083.39
IndonesiaIDX 124496891358955.3552.084.401.153.26
PakistanKSE 47022798147959.5152.864.561.313.25
SwedenSTOCKHOLM 2276813779720460.5252.284.461.313.15
IsraelTASE 82895142302162.0358.754.121.013.11
NorwayOSE 60253599189859.7352.744.331.243.09
South KoreaKRX 39269241091335161.3955.383.910.913.00
Saudi ArabiaTADAWUL 52123313198463.5659.893.830.842.99
Hong KongHKEX 45017253601242556.3348.994.521.542.97
BrazilBOVESPA 116207275399262.6254.873.991.022.96
USAMEX 93965739309261.0853.884.141.262.88
ChinaSZSE 63234420352341166.4855.694.061.172.88
TaiwanGTSM 2430114103760658.0353.933.710.902.81
RussiaMICEX 51073146160661.6051.053.741.022.72
Vietnam HNX 2448135267855.2350.154.051.352.70
JapanFUKUOKA 1621096567.2859.633.310.652.66
Greece ATHENS 1635106354865.0251.554.161.522.64
ChinaSSE 43450291901654267.1856.673.691.052.64
Vietnam HOSE 79284740262159.7955.303.520.932.59
JapanNAGOYA 79050225963.5451.593.530.972.55
ArgentinaBUE 50537225373.6668.012.750.232.52
CanadaTSX-V 66523569142153.6539.826.053.602.45
Austria WIENERBORSE 53235019665.7956.003.390.972.41
QatarQE 114165835657.6754.103.200.802.40
BangladeshDSE 97585375272055.0850.603.601.212.38
AustraliaASX 2446614719733660.1649.843.851.472.37
MalaysiaBURSA 166829155453154.8849.493.581.252.33
JapanTOKYO 101672652983613464.2255.343.240.942.30
SpainIBEX 35022162116161.7453.703.200.982.22
FrancePARIS 2244413887777861.8756.013.020.862.16
PhilippinesPSE 64753676185456.7750.443.191.052.14
DenmarkCOPENHAGEN 34682089107760.2751.533.080.952.13
CanadaTSX 31416196671049862.6053.383.110.992.12
TaiwanTWSE 37801224331208959.3453.892.850.752.09
USNYSE 94257627373597366.5657.342.770.801.97
MexicoBMV 46452949159763.4954.152.850.891.95
ChileBCS 33052027120361.3359.352.420.481.94
PortugalLISBON 81949624660.5649.603.031.091.94
ThailandSET 2002111125513455.5746.153.051.151.90
KuwaitKSE 133876936857.4747.853.381.511.87
ItalyBORSA 1882012243655865.0553.572.680.921.76
BelgiumBRUSSELS 33312004108760.1654.242.460.751.71
GermanyXETRA 2511016656938666.3756.322.540.831.71
TurkeyBIST 44731821871.1468.551.920.241.68
USPREFERRED 84745634311366.4955.252.090.421.67
BrazilBOVESPA 49031920265.1063.321.920.361.55
NetherlandsAMSTERDAM 54353532193364.9954.732.260.751.51
JordanASE 69035813451.8837.432.981.531.45
UAEUAE 125375634660.3445.772.631.181.44
SingaporeSGX 67283629161953.9444.612.421.201.22
ChileBCS 88656935564.2262.391.390.231.16
SwitzerlandSIX 95126397344167.2553.791.850.701.15
MexicoBMV 66643525565.3258.621.430.311.12
PakistanKSE 58638522365.7057.921.320.231.09
UKLSE 85450130058.6759.881.100.220.87
IndonesiaIDX 41027216766.3461.401.110.260.84
MalaysiaBURSA 54835521764.7861.131.040.220.82
PhilippinesPSE 58137320864.2055.761.000.180.82
Vietnam HOSE 48931819465.0361.011.030.220.81
JapanTOKYO 64942725965.7960.661.090.280.81
RussiaMICEX 41926914364.2053.161.260.470.79
IndiaNSE 42730017870.2659.331.010.230.78
CanadaTSX 69344126663.6460.321.000.230.77
IsraelTASE 55735921564.4559.891.000.260.74
AustraliaASX 61940222164.9454.980.970.250.71
SpainIBEX 79948228560.3359.130.940.240.70
ThailandSET 65942023063.7354.760.840.150.69
PortugalLISBON 61738222561.9158.900.940.250.69
TaiwanGTSM 45129517865.4160.340.910.220.69
DenmarkCOPENHAGEN 50931918262.6757.050.890.200.69
Hong KongHKEX 52133020063.3460.610.840.160.68
GermanyXETRA 48932119165.6459.500.890.230.67
FOREXFOREX 74449626766.6753.831.010.360.66
Greece ATHENS 55034519362.7355.940.960.300.65
SwedenSTOCKHOLM 58338622466.2158.030.850.220.63
ChinaSSE 48831418664.3459.240.850.220.63
Poland GPW 58838121564.8056.430.840.210.63
UAEUAE 96957634459.4459.720.850.220.63
BelgiumBRUSSELS 58237021363.5757.570.840.210.63
NetherlandsAMSTERDAM 58237021363.5757.570.840.210.63
South KoreaKOSDAQ 73044924761.5155.010.850.230.62
Austria WIENERBORSE 47130617464.9756.860.920.300.61
USFOREX 122372442059.2058.010.770.170.60
ItalyBORSA 53034820065.6657.470.890.290.60
FrancePARIS 53034820065.6657.470.890.290.60
SwitzerlandSIX 51834018665.6454.710.820.230.59
SingaporeSGX 63337320658.9355.230.630.150.48
BangladeshDSE 51433318364.7954.950.650.220.43
OmanMSM 122592548.3642.371.581.220.36
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:

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