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
ArgentinaBUE 140082751960.4361.356.241.005.24
USOTC PINK 1996311552501158.3043.067.603.903.70
TurkeyBIST 116016913397059.5957.434.500.853.65
USWARRANTS 41231456.1060.875.391.873.52
IndiaNSE 3055217953994958.8055.384.251.103.16
IndiaBSE 33257196121056258.9853.844.431.323.12
CanadaCSE 140570026350.5337.047.674.573.10
South KoreaKOSDAQ 31214187161035660.0555.254.161.093.07
EgyptEGX 111272337965.0252.424.411.373.04
Greece ATHENS 114574541265.0755.304.031.062.97
IndonesiaIDX 85964842251456.3351.924.071.112.96
USNASDAQ 56400347881920262.0754.854.131.262.87
JapanNAGOYA 52433417563.7452.403.760.902.86
PakistanKSE 3205185595257.8851.324.191.372.82
UKLSE 2825617249947061.0954.863.761.002.75
ArgentinaBUE 46133622972.8968.152.780.232.55
USAMEX 65023970207661.0652.293.771.272.50
NorwayOSE 39812362120359.4850.803.621.162.46
SwedenSTOCKHOLM 155329336468960.1150.223.741.282.46
Poland GPW 63323641189857.6951.963.761.302.45
IsraelTASE 51633210181462.1756.513.461.012.45
BangladeshDSE 71533910200754.6651.333.541.092.45
BrazilBOVESPA 70394558250365.0454.673.410.992.42
Saudi ArabiaTADAWUL 31141948109462.7555.993.260.842.42
TaiwanGTSM 156769095473158.0252.023.240.892.35
Vietnam HOSE 53523191174559.6254.693.230.912.32
Hong KongHKEX 3018916928809256.2047.703.701.462.24
Vietnam HNX 175094946354.2348.793.671.442.22
RussiaMICEX 39342392120261.0350.063.140.942.20
The World 82371950945227499361.9353.913.241.062.18
ChinaSZSE 44383284061536364.0054.083.191.102.09
JapanTOKYO 65321417572262763.9354.193.060.972.09
South KoreaKRX 2742916477884360.1753.582.950.872.08
SpainIBEX 2211140373663.4652.463.021.051.98
ChinaSSE 29605192711052565.0954.622.950.981.97
PhilippinesPSE 45082598131057.6350.422.991.031.96
CanadaTSX-V 52182769105253.2437.875.483.581.90
MalaysiaBURSA 105345649274053.6348.503.061.211.84
JapanFUKUOKA 126834565.8754.222.600.761.84
ChileBCS 2336143885661.5659.532.260.451.81
QatarQE 72041221557.2252.182.650.851.80
AustraliaASX 1670610004488559.9848.753.241.471.77
TaiwanTWSE 2415014428763459.7452.912.500.731.77
FrancePARIS 145368880488861.2454.912.540.851.70
KuwaitKSE 83849322958.8346.453.201.521.68
TurkeyBIST 37226317470.7066.161.930.261.67
USNYSE 63818429522438567.3756.722.410.771.64
PortugalLISBON 54031514958.3347.302.731.101.63
ThailandSET 131367250338555.1946.692.641.021.62
CanadaTSX 2048812805659762.5251.502.600.991.61
DenmarkCOPENHAGEN 2221133763660.2047.572.571.031.54
Austria WIENERBORSE 99163533464.0852.602.410.881.52
ItalyBORSA 112557370375365.6150.832.420.931.49
GermanyXETRA 1559210330571966.3455.292.260.811.45
NetherlandsAMSTERDAM 34572261122465.4054.142.180.751.43
BelgiumBRUSSELS 2118126766059.8252.092.210.781.43
MexicoBMV 2891184297963.7153.152.240.881.35
BrazilBOVESPA 42728618066.9862.941.680.361.32
JordanASE 50426710252.9838.202.781.471.31
UAEUAE 86251922860.2143.932.281.211.07
PakistanKSE 48331318764.8059.741.280.221.06
ChileBCS 72347129165.1561.781.210.230.98
MexicoBMV 56536521764.6059.451.230.300.93
SwitzerlandSIX 62024146216666.8552.241.610.690.93
UKLSE 73742526057.6761.181.080.210.87
MalaysiaBURSA 46529518663.4463.051.040.190.85
RussiaMICEX 37624012663.8352.501.290.480.81
SingaporeSGX 4265232699954.5442.951.951.140.81
IndonesiaIDX 34322313965.0162.331.050.260.79
Vietnam HOSE 42527616464.9459.420.980.200.78
IndiaNSE 35624514168.8257.550.990.210.78
JapanTOKYO 53935721666.2360.501.030.280.75
PhilippinesPSE 48830617562.7057.190.880.150.73
ChinaSSE 41626516063.7060.380.890.190.70
GermanyXETRA 40225715263.9359.140.900.210.69
PortugalLISBON 51831718861.2059.310.900.210.69
SpainIBEX 67740223759.3858.960.910.220.69
NorwayOSE 36824915867.6663.450.890.210.68
Greece ATHENS 45428015661.6755.710.960.280.68
AustraliaASX 53233719563.3557.860.900.230.67
CanadaTSX 59737623262.9861.700.890.230.66
SwitzerlandSIX 42727515664.4056.730.880.220.66
Hong KongHKEX 45228317162.6160.420.830.170.66
SwedenSTOCKHOLM 49233419567.8958.380.850.200.65
DenmarkCOPENHAGEN 43526815261.6156.720.850.200.65
NetherlandsAMSTERDAM 48230217162.6656.620.830.190.64
BelgiumBRUSSELS 48230217162.6656.620.830.190.64
FOREXFOREX 65743123665.6054.760.990.350.63
TaiwanGTSM 38725715666.4160.700.850.220.63
ItalyBORSA 43227715964.1257.400.890.260.62
FrancePARIS 43227715964.1257.400.890.260.62
Austria WIENERBORSE 38824714063.6656.680.890.270.62
ThailandSET 55935019062.6154.290.760.140.62
UAEUAE 83749729659.3859.560.800.220.58
Poland GPW 48730617262.8356.210.800.220.58
USPREFERRED 55353766193668.0451.410.920.350.57
USFOREX 106863536759.4657.800.730.170.56
IsraelTASE 48730918463.4559.550.770.230.53
South KoreaKOSDAQ 62639121062.4653.710.740.230.52
OmanMSM 64321350.0040.631.410.940.47
SingaporeSGX 53730917057.5455.020.590.160.44
BangladeshDSE 43828716065.5355.750.590.200.39
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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