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 1/1/2020
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
NorwayOSE 63642225366.3559.9526.080.2425.84
JapanSAPPORO 1510866.6780.0012.600.1012.50
USOTCBB 54291453.7048.2813.033.909.14
ArgentinaBUE 60945631374.8868.642.710.222.49
TurkeyBIST 59842529671.0769.652.150.241.90
BrazilBOVESPA 68646029367.0663.701.800.371.43
PakistanKSE 84254732064.9658.501.570.221.35
ChileBCS 121879549165.2761.761.360.261.10
RussiaMICEX 61739420963.8653.051.740.641.10
OmanMSM 123592648.7843.332.020.971.05
FOREXFOREX 109473739867.3754.001.340.321.01
MexicoBMV 93559132163.2154.311.290.340.96
JapanTOKYO 86259235568.6859.971.170.270.91
Poland GPW 83552729163.1155.221.040.230.81
PhilippinesPSE 80653631766.5059.140.970.170.80
Vietnam HOSE 69645828765.8062.660.980.190.78
IndiaNSE 58140423569.5458.170.980.230.75
MalaysiaBURSA 72547828865.9360.250.970.220.75
IsraelTASE 78949328062.4856.801.020.300.73
TaiwanGTSM 62139924164.2560.400.950.230.72
IndonesiaIDX 56537922267.0858.580.980.270.71
UKLSE 119171941060.3757.020.930.230.71
ThailandSET 93660934565.0656.650.850.150.70
SpainIBEX 110366338660.1158.220.920.250.67
CanadaTSX 93358534662.7059.150.900.250.66
PortugalLISBON 85552530961.4058.860.940.280.66
Hong KongHKEX 73346828063.8559.830.790.150.64
AustraliaASX 88957931065.1353.540.890.250.64
SwedenSTOCKHOLM 77350328465.0756.460.830.210.62
Greece ATHENS 79549827762.6455.620.960.350.61
UAEUAE 134280748260.1359.730.830.210.61
South KoreaKOSDAQ 97862234263.6054.980.850.240.61
ChinaSSE 69644726964.2260.180.800.190.61
Austria WIENERBORSE 68443925064.1856.950.940.330.61
GermanyXETRA 70546327265.6758.750.850.250.60
USFOREX 1658100557460.6257.110.780.200.58
ItalyBORSA 76750128565.3256.890.890.320.57
FrancePARIS 76750128565.3256.890.890.320.57
BelgiumBRUSSELS 82353030364.4057.170.790.240.55
NetherlandsAMSTERDAM 82353030364.4057.170.790.240.55
DenmarkCOPENHAGEN 70045825065.4354.590.790.240.55
BangladeshDSE 75249726766.0953.720.700.230.46
SingaporeSGX 88654228961.1753.320.610.150.46
SwitzerlandSIX 71946123764.1251.410.720.270.45
EgyptEGX 252415960.540.590.100.010.09
The World 1394696336371998862.312.300.090.020.07
DenmarkCOPENHAGEN 3843342260.160.950.060.010.05
PortugalLISBON 78417762.121.440.080.040.04
NorwayOSE 7003211260.350.280.030.010.02
USAMEX 11025151163.860.160.020.000.02
JapanFUKUOKA 16012766.256.600.050.040.02
KuwaitKSE 172717959.580.870.020.010.02
ThailandSET 21392191155.850.090.010.000.01
SwedenSTOCKHOLM 29069281959.230.110.010.000.01
Vietnam HOSE 846211561.560.100.010.000.01
PhilippinesPSE 61708556.430.140.010.000.01
IsraelTASE 13194161063.280.120.010.000.01
TurkeyBIST 16847131061.530.100.010.000.01
RussiaMICEX 649215659.530.160.010.010.01
QatarQE 10902159.450.150.010.000.00
ItalyBORSA 21889361965.970.130.010.000.00
TaiwanTWSE 36183211460.830.060.000.000.00
BangladeshDSE 90125353.980.060.000.000.00
TaiwanGTSM 23824181359.130.090.000.000.00
USNASDAQ 88361221662.710.030.000.000.00
UAEUAE 13368360.330.370.010.000.00
UKLSE 47533181160.840.040.000.000.00
USPREFERRED 871410464.470.070.000.000.00
IndiaNSE 47276231359.280.050.000.000.00
South KoreaKOSDAQ 461608563.130.020.000.000.00
JapanTOKYO 99725191264.180.020.000.000.00
NetherlandsAMSTERDAM 63166365.910.070.000.000.00
ChinaSSE 6823914963.510.020.000.000.00
Hong KongHKEX 427943256.840.010.000.000.00
AustraliaASX 30254201258.120.070.000.000.00
USNYSE 93346191166.930.020.000.000.00
FrancePARIS 2408817961.280.060.000.000.00
Saudi ArabiaTADAWUL 69850060.060.000.000.000.00
JordanASE 4550054.070.000.000.000.00
MalaysiaBURSA 173170054.830.000.000.000.00
MexicoBMV 52370063.780.000.000.000.00
JapanNAGOYA 7020063.680.000.000.000.00
CanadaCSE 34860050.950.000.000.000.00
CanadaTSX-V 89300053.620.000.000.000.00
BrazilBOVESPA 198820062.100.000.000.000.00
CanadaTSX 2935813762.560.040.000.000.00
SwitzerlandSIX 103520064.530.000.000.000.00
ArgentinaBUE 38450064.840.000.000.000.00
Austria WIENERBORSE 15110064.790.000.000.000.00
BelgiumBRUSSELS 34080059.100.000.000.000.00
ChileBCS 22770058.450.000.000.000.00
ChinaSZSE 897200063.460.000.000.000.00
SpainIBEX 32910061.260.000.000.000.00
Greece ATHENS 22030062.100.000.000.000.00
PakistanKSE 46590057.140.000.000.000.00
Vietnam HNX 31390058.080.000.000.000.00
USWARRANTS 9540057.130.000.000.000.00
GermanyXETRA 358542066.540.000.000.000.00
IndiaBSE 50749241058.790.030.000.000.00
Poland GPW 113115157.850.020.000.000.00
South KoreaKRX 4005013663.100.020.000.000.00
IndonesiaIDX 173554056.250.000.000.000.00
USOTC PINK 216795060.130.000.000.000.00
SingaporeSGX 57692055.120.000.000.01-0.01
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.