BULLISH HARAMI CROSS
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 CROSS
Definition
This is a major bullish reversal pattern, which is even more significant than a regular Bullish Harami. The outline again looks like a pregnant woman, as with the Bullish Harami Pattern. However, now the baby is a Doji. Basically, the pattern is characterized by a black body followed by a Doji that is completely inside the range of the prior black body.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black body is observed on the first day.
3. The Doji that is formed on the second day is completely engulfed by the body of the first day.
Pattern Requirements and Flexibility
The Bullish Harami Cross consists of two candlesticks, in which the body of the first black candlestick engulfs the body of the following Doji. The body of the first candlestick may be short.
Trader’s Behavior
A bearish mood prevails in the market, and a downtrend is in progress. The first day’s candlestick is a black body, which further supports bearishness. However the next day, prices open higher than the close, or at the close of the preceding day. The short traders are alarmed which leads to the covering of many short positions, causing the price to rise further. Moreover, the day closes at the opening price, showing lack of decision among traders. The increasing level of indecision and uncertainty amplifies the likelihood of a trend change and cause a reversal.
Buy/Stop Loss Levels
In the Bullish Harami Cross pattern the first candlestick can be short. This causes the confirmation level to change with respect to the body length of the first candlestick:

1. If the first black body is short, then the confirmation level will be defined as the body top of the first candlestick.

2. If the first black body is not short, then the confirmation level will the last close or the midpoint of the black body of the first candlestick, whichever is higher.

Prices should cross above these levels 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
USWARRANTS 44231552.2765.229.391.048.35
CanadaCSE 151566728844.6942.5410.014.255.76
ArgentinaBUE 151956662.9169.474.250.234.02
UKLSE 3652916680945645.7256.624.990.984.01
PakistanKSE 2314129064655.7550.084.611.303.31
USOTC PINK 154048370326054.7338.677.594.383.22
IndonesiaIDX 74083688168049.7845.554.391.213.18
EgyptEGX 157180041450.9251.754.421.293.14
TurkeyBIST 82454280220251.9151.453.980.983.00
IndiaNSE 177809606501154.0852.114.171.232.93
ArgentinaBUE 77340822453.4354.244.171.242.92
IndiaBSE 2189512064594755.1249.284.301.432.87
South KoreaKOSDAQ 135606988377951.6154.003.831.012.82
IsraelTASE 3041160389552.7155.833.700.932.77
Greece ATHENS 85149324857.9350.304.151.382.77
BrazilBOVESPA 43162564129259.4150.393.871.112.76
USNASDAQ 2702915487804157.4651.773.951.222.73
Vietnam HOSE 43752145108649.0350.633.731.082.65
BangladeshDSE 57293120151554.4648.563.611.072.53
SwedenSTOCKHOLM 83604555215354.4947.273.831.412.42
USAMEX 3054169279355.4046.873.881.522.36
JapanSAPPORO 34231167.6547.833.701.352.35
NorwayOSE 2476138564955.9446.863.851.672.18
RussiaMICEX 2568139163954.3645.773.221.132.09
JapanNAGOYA 47227413858.0550.362.810.752.06
ChileBCS 93650626454.0652.172.670.632.04
Poland GPW 58902704126345.9846.643.471.432.04
KuwaitKSE 140970528950.0440.993.501.482.03
The World 54486429842514549554.8248.713.201.221.98
TaiwanGTSM 114256118305753.5549.972.830.861.97
Austria WIENERBORSE 38423612761.4653.812.740.811.93
Hong KongHKEX 2761713551561049.0741.403.551.681.87
JapanTOKYO 38385227871154759.4250.632.780.971.82
South KoreaKRX 124766688343253.6151.312.540.791.75
PhilippinesPSE 3301174573852.8642.293.001.261.75
CanadaTSX-V 77633982145851.3836.555.383.701.68
Saudi ArabiaTADAWUL 2460139670256.7550.292.500.821.68
FrancePARIS 102865620287254.8250.932.470.821.66
SpainIBEX 153987141856.6047.992.811.171.65
TurkeyBIST 112764867.8663.161.820.301.51
DenmarkCOPENHAGEN 144983138557.3546.332.631.131.50
OmanMSM 3691516640.9243.712.651.161.49
AustraliaASX 175679119386651.9542.363.512.071.45
RussiaMICEX 2051146755.6158.771.730.291.44
TaiwanTWSE 161848920444555.1249.832.110.701.42
PortugalLISBON 3472029558.2147.032.491.071.42
Vietnam HNX 2511125549949.9839.763.171.761.40
BrazilBOVESPA 122785263.9366.671.650.261.40
JapanFUKUOKA 124682754.8439.712.160.781.38
ThailandSET 166077945331347.8441.702.601.221.38
UAEUAE 88547520753.6743.582.411.111.30
USNYSE 32438204581049263.0851.282.060.781.28
MexicoBMV 1891056355.5660.001.420.181.24
CanadaTSX 166389828444059.1245.142.301.061.24
MalaysiaBURSA 141006829284448.4341.652.751.541.21
Austria WIENERBORSE 1921026253.1360.781.320.211.12
ChinaSZSE 2163611957558055.2646.672.391.291.10
QatarQE 47926411355.1142.802.030.941.09
UKLSE 216986445.3765.311.150.101.05
MexicoBMV 152688243357.8049.091.950.901.05
Greece ATHENS 2101096651.9060.551.270.221.05
ItalyBORSA 2081156955.2960.001.260.221.04
FrancePARIS 2081156955.2960.001.260.221.04
ItalyBORSA 77234849225762.7946.551.960.921.04
BelgiumBRUSSELS 131075134757.3346.211.860.831.02
GermanyXETRA 89495798282664.8348.711.780.780.99
NetherlandsAMSTERDAM 2227137166361.6148.321.670.690.98
ChinaSSE 143628016379755.8147.372.051.100.96
SpainIBEX 2401348255.8361.191.070.140.93
IndiaNSE 125824065.6048.781.120.210.91
NorwayOSE 1751096362.2957.801.050.180.86
IndonesiaIDX 123754560.9860.001.080.240.84
PakistanKSE 2481568462.9053.850.980.140.84
PortugalLISBON 184975852.7259.791.000.180.82
GermanyXETRA 151905259.6057.781.000.180.82
CanadaTSX 1931066554.9261.320.990.170.82
SwitzerlandSIX 39872466118961.8548.221.460.650.81
FOREXFOREX 2451577964.0850.321.050.250.80
South KoreaKOSDAQ 1931105956.9953.640.990.220.77
NetherlandsAMSTERDAM 1781025957.3057.840.920.160.76
BelgiumBRUSSELS 1781025957.3057.840.920.160.76
SingaporeSGX 65443463127152.9236.702.211.470.74
PhilippinesPSE 2351359057.4566.670.850.120.73
JapanTOKYO 172995457.5654.550.860.190.67
SwedenSTOCKHOLM 1771065859.8954.720.880.220.66
IsraelTASE 2311227152.8158.200.930.300.63
AustraliaASX 2061206658.2555.000.870.240.63
Poland GPW 2111166354.9854.310.790.220.58
UAEUAE 44923413352.1256.840.740.170.58
ChileBCS 1861065956.9955.660.830.250.58
MalaysiaBURSA 2271337258.5954.140.840.270.57
SwitzerlandSIX 1881085757.4552.780.670.160.51
TaiwanGTSM 161915056.5254.950.670.190.48
ChinaSSE 184894748.3752.810.710.220.48
DenmarkCOPENHAGEN 173985356.6554.080.640.170.47
Hong KongHKEX 1921065455.2150.940.560.100.45
USFOREX 54626815249.0856.720.600.160.45
SingaporeSGX 2731658160.4449.090.540.100.44
ThailandSET 2751306747.2751.540.630.200.43
USOTCBB 48261254.1746.154.464.040.42
USPREFERRED 41142709117265.8543.260.730.380.36
Vietnam HOSE 2111265859.7246.030.590.230.36
BangladeshDSE 1791185065.9242.370.450.170.28
JordanASE 81341412650.9230.431.541.93-0.39
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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