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
JapanSAPPORO 1510866.6780.0012.600.1012.50
USOTCBB 54291453.7048.2813.033.909.14
USWARRANTS 75422756.0064.298.601.816.79
ArgentinaBUE 1796109367460.8661.676.401.135.27
TurkeyBIST 154929237541759.7558.524.980.874.11
USOTC PINK 2729915574675758.1042.607.353.823.53
South KoreaKOSDAQ 41964257451449761.4156.254.541.133.41
IndiaNSE 41651243071344558.4955.194.381.163.22
IndiaBSE 45894269351437458.7453.324.581.423.16
USNASDAQ 76112469022575961.6954.864.321.293.03
EgyptEGX 1640101655561.9554.634.301.313.00
IndonesiaIDX 113536238321754.9551.574.151.162.99
UKLSE 39293236341330860.2256.243.971.002.96
Hong KongHKEX 41667233071138355.9548.834.451.562.89
Poland GPW 87925096265357.9652.064.211.342.87
PakistanKSE 44092598132358.9250.924.231.382.85
ChinaSZSE 56834374992059465.9854.923.901.202.70
IsraelTASE 70454280244460.7557.103.721.032.69
NorwayOSE 54773250168559.3451.853.921.262.66
BrazilBOVESPA 99806247341662.6054.683.691.052.65
USAMEX 88615327280760.2652.573.861.272.59
Greece ATHENS 148195749164.6251.314.131.542.59
SwedenSTOCKHOLM 2036912185617759.8250.693.921.352.58
Saudi ArabiaTADAWUL 47762998172662.7757.573.480.912.57
The World 113435569922538061961.6954.393.621.092.53
ArgentinaBUE 47834923673.0167.622.740.232.51
ChinaSSE 38520257301439266.8055.933.571.092.48
RussiaMICEX 46862883145961.5250.613.491.052.44
TaiwanGTSM 2213212686670357.3252.843.340.922.42
JapanNAGOYA 72846623164.0149.573.391.002.39
South KoreaKRX 37081226031222960.9654.103.290.942.35
Vietnam HOSE 71904235226058.9053.363.250.982.27
BangladeshDSE 96275295266355.0050.293.491.232.27
CanadaCSE 158076828450.0035.956.954.762.19
Vietnam HNX 2349126962054.0248.863.611.432.18
JapanTOKYO 91840582133180463.3954.633.100.952.14
SpainIBEX 32902009106661.0653.063.101.012.08
PhilippinesPSE 59953412170656.9150.002.991.061.93
Austria WIENERBORSE 144791450363.1755.032.750.851.90
ChileBCS 31911948115561.0559.292.340.461.88
DenmarkCOPENHAGEN 3135188094859.9750.432.810.961.85
FrancePARIS 2047012551697861.3155.602.720.871.85
MalaysiaBURSA 148638019389754.0348.533.051.241.81
TaiwanTWSE 34513202071066358.5552.772.580.771.81
USNYSE 89044588063333466.0856.652.590.811.78
CanadaTSX 2927218153947162.0152.172.761.021.75
JapanFUKUOKA 139945067.6353.192.610.871.73
PortugalLISBON 74445021860.4848.442.851.121.73
AustraliaASX 2219913166638359.3448.463.221.511.71
ItalyBORSA 1673010828574164.7253.022.620.921.69
TurkeyBIST 40528518970.3766.321.900.251.65
QatarQE 104958430055.6751.372.460.861.60
BelgiumBRUSSELS 3000181497960.4753.972.340.761.58
GermanyXETRA 2209214540815165.8656.022.390.831.56
NetherlandsAMSTERDAM 48893139170664.2154.352.250.751.50
MexicoBMV 40362555134363.3152.562.370.911.46
ThailandSET 1828610058456555.0045.392.621.161.46
CanadaTSX-V 60643192121752.6438.135.153.751.40
JordanASE 68535613351.9737.362.851.511.35
KuwaitKSE 118866630456.0645.652.981.641.34
BrazilBOVESPA 45330418967.1162.171.710.381.33
USPREFERRED 73814887259566.2153.101.660.421.24
UAEUAE 114567829859.2143.952.401.261.15
MexicoBMV 60638922864.1958.611.430.301.13
ChileBCS 77050331465.3262.431.320.221.10
PakistanKSE 53334719965.1057.351.260.231.03
SwitzerlandSIX 85485756304367.3452.871.710.710.99
SingaporeSGX 62123324146253.5343.972.141.190.95
UKLSE 78045427558.2160.571.070.210.86
IndonesiaIDX 36524215066.3061.981.090.260.83
MalaysiaBURSA 50532220063.7662.111.020.200.83
Vietnam HOSE 45129217764.7560.621.020.200.83
RussiaMICEX 38624813064.2552.421.300.480.82
IndiaNSE 38326615769.4559.020.970.210.76
NorwayOSE 40626716765.7662.550.950.200.75
JapanTOKYO 58738623365.7660.361.020.280.74
GermanyXETRA 43628116664.4559.070.940.220.72
AustraliaASX 55735820964.2758.380.940.230.72
CanadaTSX 63140324663.8761.040.940.230.71
SpainIBEX 72343325459.8958.660.940.230.71
PhilippinesPSE 53834219363.5756.430.870.170.70
PortugalLISBON 55834320061.4758.310.920.230.69
Greece ATHENS 49230416961.7955.590.980.300.68
DenmarkCOPENHAGEN 45928116261.2257.650.890.210.68
ChinaSSE 44128417064.4059.860.870.190.68
TaiwanGTSM 42027516665.4860.360.890.230.67
Hong KongHKEX 48430218162.4059.930.830.170.67
NetherlandsAMSTERDAM 52432818662.6056.710.870.200.66
BelgiumBRUSSELS 52432818662.6056.710.870.200.66
ThailandSET 60738821563.9255.410.790.140.65
Austria WIENERBORSE 42226915163.7456.130.930.290.64
ItalyBORSA 47130317364.3357.100.920.280.64
FrancePARIS 47130317364.3357.100.920.280.64
SwitzerlandSIX 46329916864.5856.190.850.220.63
SwedenSTOCKHOLM 53235820767.2957.820.840.210.63
UAEUAE 89552631558.7759.890.830.210.62
FOREXFOREX 68144924665.9354.790.970.350.62
Poland GPW 52533018762.8656.670.800.220.59
South KoreaKOSDAQ 67842223062.2454.500.810.230.59
USFOREX 113867038858.8857.910.750.170.58
IsraelTASE 51833119763.9059.520.840.270.57
SingaporeSGX 57733518558.0655.220.600.150.45
BangladeshDSE 47030116864.0455.810.620.200.42
OmanMSM 116552347.4141.821.561.310.25
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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