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
CanadaCSE 3932068852.4242.7214.503.4911.02
USOTCBB 54291453.7048.2813.033.909.14
USWARRANTS 1561127371.7965.189.111.088.03
ArgentinaBUE 91560743366.3471.337.580.567.02
USOTC PINK 147038564426158.2549.759.343.006.35
IndiaBSE 28246172701101861.1463.805.700.944.76
IndiaNSE 2411314731954361.0964.785.340.814.54
South KoreaKOSDAQ 2444914999957061.3563.804.970.804.18
Hong KongHKEX 2521114348780056.9154.365.381.244.14
EgyptEGX 101062737262.0859.335.231.104.13
ChinaSZSE 25012173491174369.3667.694.960.844.12
UKLSE 2280213950900661.2564.494.620.713.92
PakistanKSE 2737166197660.6958.764.840.933.91
ChinaSSE 1686611786806469.8968.414.560.763.80
USAMEX 52453195189860.9559.374.690.973.71
USNASDAQ 43917275431729862.7762.754.550.923.62
Saudi ArabiaTADAWUL 26651705111363.9865.284.300.693.61
Greece ATHENS 81653431465.4458.804.911.343.57
IndonesiaIDX 56823206174856.4254.524.490.933.56
TurkeyBIST 87355164313759.1260.754.250.733.52
NorwayOSE 31881885106259.1356.344.551.133.42
BrazilBOVESPA 51973263200562.8261.414.160.823.34
RussiaMICEX 27301708100062.5658.554.070.833.24
Poland GPW 56723258187357.4457.494.211.083.13
TaiwanGTSM 137987799458156.5258.743.770.693.08
The World 64159440151224400962.6060.753.890.833.06
BangladeshDSE 50042852165756.9958.103.880.853.03
SwedenSTOCKHOLM 107296484362760.6055.783.991.032.96
South KoreaKRX 2051812470753760.8360.393.670.722.95
IsraelTASE 39042388153261.1764.153.720.812.91
Vietnam HOSE 38302266131959.1658.213.760.872.89
JapanTOKYO 52086335092036564.3460.773.490.722.77
JapanFUKUOKA 99714871.7267.613.380.622.76
ChileBCS 1866118283063.3470.223.000.302.70
PhilippinesPSE 33701961112358.1957.273.420.782.64
SpainIBEX 1918116969260.9559.203.350.772.58
CanadaTSX-V 3633191275852.6339.645.633.062.56
AustraliaASX 131017832421359.7853.793.581.182.40
PortugalLISBON 43927314462.1952.753.421.082.35
ArgentinaBUE 31722915372.2466.812.560.242.33
FrancePARIS 107606740416162.6461.742.970.662.32
ItalyBORSA 94386189361065.5958.322.970.762.22
QatarQE 60734320256.5158.892.820.612.21
CanadaTSX 1731210830615962.5956.843.040.852.18
USNYSE 53628357372193066.6661.352.770.642.14
TaiwanTWSE 2071112038683058.1256.742.740.632.12
GermanyXETRA 112747520455966.7060.632.710.672.04
MexicoBMV 2313149488564.5959.242.540.601.94
BelgiumBRUSSELS 1709104465061.0962.262.510.581.93
JapanNAGOYA 40227614868.6653.622.680.751.93
Austria WIENERBORSE 67142925663.9359.672.560.641.92
ThailandSET 99755656271356.7047.972.920.991.92
DenmarkCOPENHAGEN 1794109062060.7656.882.630.721.91
NetherlandsAMSTERDAM 2497163197365.3259.662.380.581.79
Vietnam HNX 181196144253.0645.993.461.811.65
MalaysiaBURSA 87244848237255.5748.932.781.151.63
UAEUAE 71040520157.0449.632.711.111.60
SingaporeSGX 41332239103454.1746.182.631.071.56
JordanASE 51726710251.6438.203.021.601.42
KuwaitKSE 75742217855.7542.183.201.821.38
SwitzerlandSIX 46783217188769.0358.441.860.571.29
BrazilBOVESPA 28218311564.8962.841.610.401.21
TurkeyBIST 26118311670.1163.391.440.231.21
MexicoBMV 37524215264.5362.811.430.251.18
PhilippinesPSE 30018211160.6760.991.190.121.07
PakistanKSE 29319512366.5563.081.240.211.03
MalaysiaBURSA 32619712760.4364.471.210.220.99
Hong KongHKEX 28517411961.0568.391.060.130.94
UKLSE 46927416758.4260.951.150.220.93
IndiaNSE 24516710468.1662.281.120.200.92
SwitzerlandSIX 28918011262.2862.221.100.190.91
JapanTOKYO 37923915363.0664.021.170.280.88
Vietnam HOSE 30919612463.4363.271.060.200.86
ChileBCS 46629316462.8855.971.100.290.81
NorwayOSE 23715710366.2465.611.040.230.81
IndonesiaIDX 2301428761.7461.271.060.260.80
DenmarkCOPENHAGEN 30618611060.7859.140.990.200.80
FOREXFOREX 49130318761.7161.721.070.290.78
ThailandSET 34922513164.4758.220.910.160.75
RussiaMICEX 2481497260.0848.321.290.540.74
CanadaTSX 39024015361.5463.750.970.230.74
GermanyXETRA 29918711262.5459.890.930.190.74
SpainIBEX 48328817159.6359.380.950.220.73
PortugalLISBON 37422813760.9660.090.920.210.71
Greece ATHENS 32519710960.6255.330.950.250.70
UAEUAE 56933320358.5260.960.910.220.69
BelgiumBRUSSELS 35021612561.7157.870.870.190.68
NetherlandsAMSTERDAM 35021612561.7157.870.870.190.68
ItalyBORSA 32320211862.5458.420.910.230.68
FrancePARIS 32320211862.5458.420.910.230.68
USPREFERRED 44493122176570.1756.531.000.320.68
Austria WIENERBORSE 29017910161.7256.420.890.230.66
USFOREX 70142124960.0659.140.810.150.66
ChinaSSE 28717710561.6759.320.860.210.65
AustraliaASX 36922613361.2558.850.900.250.65
TaiwanGTSM 2541519859.4564.900.890.250.64
SwedenSTOCKHOLM 34123113067.7456.280.790.200.59
BangladeshDSE 26916911262.8366.270.730.180.56
IsraelTASE 33422013265.8760.000.780.240.54
South KoreaKOSDAQ 42926013260.6150.770.760.230.53
Poland GPW 31319910663.5853.270.700.240.46
SingaporeSGX 37822312458.9955.610.590.170.43
OmanMSM 69361552.1741.671.561.170.39
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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