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
USWARRANTS 91503254.9564.0029.182.0227.16
JapanSAPPORO 1510866.6780.0012.600.1012.50
USOTCBB 54291453.7048.2813.033.909.14
ArgentinaBUE 2000122277261.1063.186.791.085.71
TurkeyBIST 161309724580460.2959.695.390.864.54
South KoreaKOSDAQ 44105273251557162.1256.845.181.104.08
USOTC PINK 2750715823689758.6542.757.553.783.77
IndiaNSE 43091253701426158.8856.214.831.153.68
IndiaBSE 47105278651509259.1654.164.961.403.56
Poland GPW 94045471289958.1852.994.851.303.55
EgyptEGX 1717106459061.9755.454.711.283.43
UKLSE 41441251261439160.7357.184.360.993.37
The World 117481472928340112662.1254.974.421.083.34
USNASDAQ 79292492642735562.1355.534.631.303.33
IndonesiaIDX 118696549341355.1852.114.351.153.20
NorwayOSE 57733452181659.8052.614.351.243.11
PakistanKSE 45192689140359.5052.184.421.333.09
BrazilBOVESPA 106906745375563.1155.664.061.023.04
IsraelTASE 77504792278061.8358.014.031.023.00
Hong KongHKEX 43385244161195456.3148.934.531.552.98
SwedenSTOCKHOLM 2155212973672760.1951.854.291.332.96
ChinaSZSE 60046397942213066.2755.614.071.182.89
South KoreaKRX 39161240611320061.4454.863.750.922.83
USAMEX 91565586299861.0153.674.091.262.83
TaiwanGTSM 2304313356720257.9653.923.710.892.81
Saudi ArabiaTADAWUL 50083161186463.1258.973.660.872.79
Greece ATHENS 1607104254064.8451.824.241.512.73
JapanFUKUOKA 126844966.6758.333.480.772.70
ChinaSSE 40893274211551767.0656.593.741.062.68
CanadaCSE 165183933050.9439.247.384.692.68
RussiaMICEX 49963073156461.5150.893.631.022.61
Vietnam HOSE 77154593251259.5354.693.490.962.53
ArgentinaBUE 49336124573.2367.872.760.232.52
JapanNAGOYA 76249125164.4451.123.500.982.52
Vietnam HNX 2446133366454.5049.813.721.382.35
SpainIBEX 34162095112061.3353.463.321.002.32
AustraliaASX 2329613986695960.0449.763.761.482.28
QatarQE 110462433256.5253.213.100.832.28
BangladeshDSE 96435285265555.0150.053.481.222.26
JapanTOKYO 97216621463424663.9355.113.190.952.24
MalaysiaBURSA 158318667429754.7549.583.451.222.23
DenmarkCOPENHAGEN 32851981102260.3051.593.130.942.19
Austria WIENERBORSE 1629103957663.7855.443.020.872.15
FrancePARIS 2174013420752261.7356.053.000.872.13
CanadaTSX-V 62463331131853.3339.575.763.642.12
PhilippinesPSE 62493538178156.6250.343.151.052.09
TaiwanTWSE 35881212051134759.1053.512.810.762.05
CanadaTSX 30437190301009762.5253.063.051.002.05
ChileBCS 32441995119261.5059.752.480.472.01
USNYSE 91611608363474966.4157.122.770.821.96
ThailandSET 1915710653492655.6146.243.021.151.87
PortugalLISBON 78647623460.5649.162.971.101.87
MexicoBMV 43962792150663.5153.942.710.901.82
ItalyBORSA 1775811584623865.2353.852.710.921.79
BelgiumBRUSSELS 31911925104360.3354.182.470.751.72
GermanyXETRA 2372815820896466.6756.662.540.831.71
TurkeyBIST 43831121171.0067.851.920.251.68
KuwaitKSE 132575435056.9146.423.121.571.55
NetherlandsAMSTERDAM 51473343183864.9554.982.280.751.54
USPREFERRED 76795097276266.3854.191.900.421.48
BrazilBOVESPA 46231019567.1062.901.770.371.41
UAEUAE 121172332659.7045.092.521.221.30
JordanASE 68735613351.8237.362.821.521.30
SingaporeSGX 63773456156654.1945.312.441.181.26
MexicoBMV 64342025065.3259.521.440.301.14
SwitzerlandSIX 90606132329167.6853.671.840.711.14
PakistanKSE 56237021365.8457.571.350.231.12
ChileBCS 82754134165.4263.031.320.221.10
UKLSE 82047828958.2960.461.090.220.87
Vietnam HOSE 47731119165.2061.411.050.190.86
MalaysiaBURSA 53234421364.6661.921.040.200.84
JapanTOKYO 62341025065.8160.981.110.280.83
IndonesiaIDX 39425615564.9760.551.080.270.80
IndiaNSE 40728617270.2760.141.000.210.79
CanadaTSX 66542326063.6161.471.010.230.78
NorwayOSE 43228317765.5162.540.990.210.78
RussiaMICEX 40625713463.3052.141.250.490.75
PortugalLISBON 58836421561.9059.070.970.230.73
SpainIBEX 76646227460.3159.310.950.230.72
Greece ATHENS 52533018862.8656.971.000.280.72
GermanyXETRA 46630618365.6759.800.930.220.72
PhilippinesPSE 55735720164.0956.300.890.170.71
DenmarkCOPENHAGEN 48030117762.7158.800.920.200.71
TaiwanGTSM 43628417165.1460.210.930.220.71
ThailandSET 63240622264.2454.680.850.140.71
Hong KongHKEX 50631719262.6560.570.850.160.69
ChinaSSE 46030018165.2260.330.880.190.69
Austria WIENERBORSE 45029216864.8957.530.960.280.68
FOREXFOREX 72548026366.2154.791.020.340.68
NetherlandsAMSTERDAM 55735520563.7357.750.870.200.67
BelgiumBRUSSELS 55735520563.7357.750.870.200.67
FrancePARIS 50633219365.6158.130.930.270.66
ItalyBORSA 50633219365.6158.130.930.270.66
AustraliaASX 59238121864.3657.220.900.240.66
UAEUAE 94555733358.9459.780.860.210.65
SwitzerlandSIX 49532318265.2556.350.850.220.63
SwedenSTOCKHOLM 55837821867.7457.670.850.220.63
South KoreaKOSDAQ 70543824162.1355.020.850.230.62
USFOREX 119570340758.8357.890.780.170.61
Poland GPW 55235720464.6757.140.800.210.59
IsraelTASE 54134920764.5159.310.850.270.58
SingaporeSGX 61036019959.0255.280.630.150.48
BangladeshDSE 50232618064.9455.210.640.210.43
OmanMSM 121582447.9341.381.571.240.33
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.