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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 129658425445.2943.2711.954.037.92
USWARRANTS 131754557.2560.009.391.647.75
USOTC PINK 179169709444854.3945.659.023.225.80
UKLSE 43695197111261345.1663.925.690.685.01
IndiaBSE 2697415114891256.0458.965.291.054.25
ArgentinaBUE 138886063.7768.184.450.234.23
ArgentinaBUE 88946929552.7662.905.110.904.21
IndiaNSE 2057711311687354.9760.765.060.864.19
South KoreaKOSDAQ 163808515520052.4360.554.620.753.87
PakistanKSE 3012170699756.6458.444.791.033.77
USAMEX 36502024110155.4554.404.841.213.63
Greece ATHENS 102459733458.3055.954.831.313.52
BrazilBOVESPA 49072816156657.3955.614.370.963.40
USNASDAQ 30709177311047657.8059.024.200.933.27
RussiaMICEX 3283187398957.0852.774.140.923.21
SwedenSTOCKHOLM 93935090268054.1952.654.281.113.18
NorwayOSE 2878159383055.3552.104.421.293.13
IsraelTASE 34751845109853.1559.453.920.853.07
TurkeyBIST 101855236280251.4153.513.860.922.94
IndonesiaIDX 81583939180648.2845.854.061.142.91
Vietnam HOSE 53732676145049.8054.193.951.052.89
Hong KongHKEX 3320716211733548.8245.244.281.522.76
EgyptEGX 189192347548.8151.464.051.322.72
South KoreaKRX 152978227480353.8258.343.290.642.65
The World 62806134188318471554.4753.993.631.012.62
Poland GPW 71113297172546.4852.193.811.202.61
Austria WIENERBORSE 44425715657.8860.703.080.502.58
JapanNAGOYA 57334218559.6954.093.130.602.53
ChileBCS 112659636452.9361.072.870.412.46
TaiwanGTSM 131246839376752.1155.083.110.702.41
CanadaTSX-V 83494292158751.4436.955.763.382.38
BangladeshDSE 69423756187554.1149.923.421.042.38
JapanSAPPORO 34231167.6547.833.701.352.35
ChinaSZSE 2165611825680154.6057.513.240.972.27
JapanFUKUOKA 124713857.2653.522.790.542.25
JapanTOKYO 44150258671419658.6154.863.010.802.20
Saudi ArabiaTADAWUL 2478135478454.6457.902.820.632.19
AustraliaASX 1981510325481352.1746.563.911.752.16
FrancePARIS 121876557370453.8056.492.640.641.99
PhilippinesPSE 3973202998551.0748.553.031.031.99
ChinaSSE 147508205473755.6357.732.800.831.97
UAEUAE 107056325652.6245.472.951.061.89
PortugalLISBON 46826713857.0551.692.790.941.86
SpainIBEX 1938107959655.6855.242.840.991.85
TaiwanTWSE 185839948530253.5353.302.370.611.76
QatarQE 56030016053.5753.332.370.661.71
DenmarkCOPENHAGEN 170297648857.3450.002.620.991.64
CanadaTSX 1945011298560958.1549.592.530.901.63
TurkeyBIST 100714771.0066.201.870.251.62
USNYSE 36788231191309162.8456.622.180.591.59
RussiaMICEX 1931056154.4058.101.820.281.54
ItalyBORSA 86815355283861.6953.002.200.681.52
ThailandSET 193769330401648.1543.042.601.091.51
OmanMSM 4271808042.1544.442.731.241.49
BrazilBOVESPA 116724962.0768.061.740.281.46
MexicoBMV 1849106261557.4457.912.120.681.44
BelgiumBRUSSELS 155289145557.4151.072.100.691.41
GermanyXETRA 103916638359563.8854.162.050.651.40
KuwaitKSE 195195336248.8537.993.101.701.40
NetherlandsAMSTERDAM 2546158483162.2252.462.030.641.39
MexicoBMV 1701016159.4160.401.450.191.26
Vietnam HNX 3177153359948.2539.073.252.011.24
MalaysiaBURSA 170578364347149.0441.502.711.521.19
Austria WIENERBORSE 176925652.2760.871.340.221.12
Greece ATHENS 194996051.0360.611.270.231.04
ItalyBORSA 1891036254.5060.191.270.231.04
FrancePARIS 1891036254.5060.191.270.231.04
SwitzerlandSIX 48262969156561.5252.711.600.571.02
UKLSE 194905846.3964.441.100.110.99
IndonesiaIDX 109674361.4764.181.210.220.99
FOREXFOREX 2381528363.8754.611.200.220.98
IndiaNSE 115773966.9650.651.160.190.96
SpainIBEX 2151187254.8861.021.080.140.93
SingaporeSGX 81154181156451.5237.412.331.410.91
PortugalLISBON 162835051.2360.241.010.170.84
GermanyXETRA 135794658.5258.231.030.190.84
NorwayOSE 155945560.6558.510.990.170.82
South KoreaKOSDAQ 1761025457.9552.941.050.240.81
CanadaTSX 179975954.1960.820.970.190.78
NetherlandsAMSTERDAM 162915356.1758.240.930.160.77
BelgiumBRUSSELS 162915356.1758.240.930.160.77
PakistanKSE 2391507962.7652.670.910.150.76
PhilippinesPSE 2121308861.3267.690.850.120.73
JapanTOKYO 155894957.4255.060.880.190.69
SwedenSTOCKHOLM 166985659.0457.140.880.190.68
AustraliaASX 1931095856.4853.210.910.250.66
IsraelTASE 2141126552.3458.040.890.290.60
UAEUAE 41521111950.8456.400.740.170.58
MalaysiaBURSA 2061176356.8053.850.860.290.57
ChileBCS 1651005660.6156.000.800.250.55
SwitzerlandSIX 167925055.0954.350.700.160.53
Poland GPW 1971075954.3155.140.730.210.51
TaiwanGTSM 143834758.0456.630.660.170.49
DenmarkCOPENHAGEN 157854654.1454.120.640.160.47
ChinaSSE 170834448.8253.010.710.240.47
SingaporeSGX 2391437559.8352.450.570.100.46
ThailandSET 2441156047.1352.170.640.190.45
USPREFERRED 45152958146065.5149.360.730.280.45
USFOREX 50924814048.7256.450.610.170.44
USOTCBB 48261254.1746.154.464.040.42
Vietnam HOSE 1971165558.8847.410.620.220.41
Hong KongHKEX 178964753.9348.960.510.110.40
BangladeshDSE 1681114566.0740.540.460.170.29
JordanASE 109354917650.2332.062.041.780.26
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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