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 1/1/2016
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
USOTCBB 54291453.7048.2813.033.909.14
USWARRANTS 42251659.5264.007.121.006.12
ArgentinaBUE 115769743761.5461.386.160.925.24
CanadaCSE 95149220252.1640.739.444.454.99
USOTC PINK 158519177397658.3243.017.913.993.92
EgyptEGX 94462233265.8953.384.771.343.42
TurkeyBIST 93805577311359.4655.824.250.893.36
USAMEX 41842464123158.8949.964.881.553.32
IndiaBSE 2785916589900559.5654.274.541.273.27
IndiaNSE 2526414936830259.1655.544.281.083.20
JapanNAGOYA 43528015164.3753.934.060.893.18
South KoreaKOSDAQ 2569515306850459.6155.524.151.043.11
IndonesiaIDX 66303823202357.6652.924.171.083.10
USNASDAQ 45378282551573562.4155.564.241.233.00
PakistanKSE 2680159683159.5552.074.281.273.00
UKLSE 2335114215781160.9354.903.891.012.87
BangladeshDSE 57963221170955.5753.063.731.012.73
Saudi ArabiaTADAWUL 2486157489463.3156.803.490.872.62
ArgentinaBUE 40028819572.0067.712.740.222.52
Greece ATHENS 95161632664.7752.923.651.132.52
Vietnam HOSE 42532532140059.5355.293.450.942.51
TaiwanGTSM 131647555396757.3952.513.360.892.47
SwedenSTOCKHOLM 123647432374060.1150.323.691.252.45
BrazilBOVESPA 56113608195564.3054.193.481.042.44
NorwayOSE 3317197499759.6350.403.561.172.39
IsraelTASE 41922588143461.7655.393.401.022.38
Poland GPW 53853110160257.8851.403.751.372.38
Hong KongHKEX 2500714128682156.5048.283.791.422.36
Vietnam HNX 157084441653.7649.293.761.472.29
The World 66700441284522271961.9453.913.291.062.23
JapanTOKYO 52846337241856863.8655.023.170.952.22
South KoreaKRX 2239013551732160.5254.033.060.862.20
RussiaMICEX 3303198998960.5249.473.120.972.15
SpainIBEX 1817115761263.6852.903.151.062.09
PhilippinesPSE 36412097105457.5950.263.101.042.06
ChileBCS 1988122074861.3761.312.490.432.05
JapanFUKUOKA 99703770.7152.862.800.792.01
CanadaTSX-V 4607246992453.6137.415.533.651.88
MalaysiaBURSA 87014714229154.1848.603.061.211.85
TaiwanTWSE 2001511968631259.8052.742.550.741.80
FrancePARIS 113696980382261.4954.672.630.841.79
PortugalLISBON 42725712260.1947.472.921.131.79
ItalyBORSA 91926015304965.4450.692.710.971.74
ChinaSZSE 32234207941101964.5152.992.871.141.73
ThailandSET 107295927279755.2447.192.721.001.72
QatarQE 56232617058.0152.152.530.841.69
TurkeyBIST 33523715870.7566.671.920.241.68
ChinaSSE 2123213900744765.4753.582.661.001.66
CanadaTSX 1674610477538562.6451.332.661.001.66
USNYSE 51768346371944566.9356.122.430.781.65
Austria WIENERBORSE 72145223562.6951.992.540.891.64
AustraliaASX 139738248396359.0748.013.141.511.63
KuwaitKSE 64938717659.6345.483.111.581.53
DenmarkCOPENHAGEN 1774108452761.1048.622.531.001.53
GermanyXETRA 119408057438667.5954.352.340.831.52
BelgiumBRUSSELS 1709103853860.7451.832.150.771.38
MexicoBMV 2481157783563.5652.952.230.871.36
BrazilBOVESPA 37625015766.4962.801.620.371.25
NetherlandsAMSTERDAM 2687177291765.9551.752.010.801.21
JordanASE 4592348450.9835.902.631.491.14
MexicoBMV 49031519264.2960.951.330.281.05
PakistanKSE 41527817166.9961.511.260.221.04
UAEUAE 73143618159.6441.512.231.221.00
SingaporeSGX 3740205189154.8443.442.151.151.00
SwitzerlandSIX 50143364175267.0952.081.620.700.92
ChileBCS 61139523564.6559.491.170.260.91
UKLSE 63636722757.7061.851.100.220.88
RussiaMICEX 34221511162.8751.631.370.490.88
MalaysiaBURSA 41325416261.5063.781.080.200.87
PhilippinesPSE 40925115161.3760.160.960.120.83
Vietnam HOSE 38024214863.6861.161.000.210.80
IndiaNSE 31421612768.7958.800.990.200.79
JapanTOKYO 48631520064.8163.491.050.280.77
SwitzerlandSIX 37424114064.4458.090.940.200.74
IndonesiaIDX 30519612164.2661.731.010.270.74
NorwayOSE 32021013465.6363.810.950.220.72
Hong KongHKEX 39423915260.6663.600.870.140.72
CanadaTSX 51832620462.9362.580.910.210.70
ChinaSSE 36622613661.7560.180.880.190.69
DenmarkCOPENHAGEN 38723513260.7256.170.860.200.66
SpainIBEX 60235620859.1458.430.880.220.65
PortugalLISBON 45727916361.0558.420.870.220.65
Greece ATHENS 40524613360.7454.070.930.290.64
ThailandSET 46128616262.0456.640.790.160.64
GermanyXETRA 36423013263.1957.390.850.220.63
AustraliaASX 47830117462.9757.810.850.250.60
UAEUAE 74443526358.4760.460.820.220.60
USFOREX 94356333159.7058.790.750.160.59
SwedenSTOCKHOLM 43929917368.1157.860.790.200.59
BelgiumBRUSSELS 43226814862.0455.220.790.210.58
NetherlandsAMSTERDAM 43226814862.0455.220.790.210.58
ItalyBORSA 39324913963.3655.820.840.270.57
FrancePARIS 39324913963.3655.820.840.270.57
Poland GPW 43427014862.2154.810.800.230.57
Austria WIENERBORSE 35122012062.6854.550.840.280.56
TaiwanGTSM 34522013463.7760.910.780.220.56
USPREFERRED 45813044149866.4549.210.930.370.56
FOREXFOREX 59939121665.2855.240.900.370.53
IsraelTASE 42427015963.6858.890.760.240.52
South KoreaKOSDAQ 56334417861.1051.740.690.230.46
OmanMSM 52271251.9244.441.481.040.44
SingaporeSGX 47526914856.6355.020.580.160.42
BangladeshDSE 37324214464.8859.500.610.210.40
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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