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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 111673760.3655.2212.463.079.39
ArgentinaBUE 135674142954.6557.896.301.384.92
UKLSE 63287287161664645.4757.845.620.984.63
CanadaCSE 3045140255846.1139.748.994.584.41
ArgentinaBUE 1981299365.1572.094.620.224.40
TurkeyBIST 140057413402752.9354.324.790.983.82
IndiaNSE 3063616526871853.9852.714.671.223.45
South KoreaKOSDAQ 2440613046704653.4554.014.411.093.33
USOTC PINK 2873415358615054.6539.167.584.273.31
BrazilBOVESPA 87805110263158.4451.284.251.063.19
IndiaBSE 38739215241075955.6349.934.661.503.16
IsraelTASE 59053202184054.2957.394.141.023.12
PakistanKSE 42832391121155.8350.654.461.423.04
USNASDAQ 43485253441311658.3151.734.341.313.03
Poland GPW 102194901237248.0148.354.411.432.98
IndonesiaIDX 136686541298247.8645.594.181.222.95
SwedenSTOCKHOLM 152428306400654.5048.224.471.522.94
EgyptEGX 2647129866549.0451.234.181.342.85
Greece ATHENS 162192545757.0649.414.301.552.75
NorwayOSE 42772338114854.6649.104.141.532.61
Vietnam HOSE 85324290215850.2850.303.561.082.48
RussiaMICEX 53723085142257.4346.093.541.112.43
South KoreaKRX 2255312102632553.8052.133.210.862.35
JapanSAPPORO 34231167.6547.833.701.352.35
CanadaTSX-V 121776224240551.1538.625.903.612.29
The World 95412552278225923354.8749.523.521.242.28
USAMEX 65793927193459.6949.253.441.172.28
Saudi ArabiaTADAWUL 41882377126656.7653.263.010.752.26
Hong KongHKEX 48148238301001949.5442.013.971.762.21
BangladeshDSE 104125429248552.1445.773.371.192.18
AustraliaASX 3100116227711352.4243.774.152.022.14
Austria WIENERBORSE 2261498765.9358.393.091.012.09
TaiwanGTSM 2043410967542653.6749.482.950.872.08
ChinaSZSE 39835224641133356.4050.443.291.232.06
SpainIBEX 2659144571554.3449.483.091.082.01
PhilippinesPSE 60583059136250.5044.523.141.241.90
JapanTOKYO 65851385841951558.5950.582.850.961.89
FrancePARIS 174639457490054.2651.722.660.811.85
Vietnam HNX 3953197483449.9442.253.461.611.85
ChileBCS 157181043051.5653.092.470.681.78
TurkeyBIST 1521117273.0364.862.030.271.76
ChinaSSE 2871516316828256.8250.762.731.061.67
JapanNAGOYA 80647021458.3145.532.560.891.67
KuwaitKSE 2569131456451.1542.923.101.441.67
MalaysiaBURSA 2606512773548449.0042.933.181.561.62
CanadaTSX 2797916344764658.4246.782.671.061.62
PortugalLISBON 67936817154.2046.472.701.091.61
TaiwanTWSE 2860215840782755.3849.412.300.711.59
ThailandSET 3112314760611047.4641.362.811.341.47
MexicoBMV 2866166185057.9651.172.390.931.46
OmanMSM 58023210141.3842.082.681.231.45
UAEUAE 142377033454.1143.382.641.211.43
BelgiumBRUSSELS 2291130060356.7446.382.180.841.34
IndiaNSE 1811206266.3051.671.540.211.33
DenmarkCOPENHAGEN 2581149164957.7743.532.551.241.32
USNYSE 48287305341590763.2852.062.060.761.31
BrazilBOVESPA 1671086864.6762.961.550.251.30
NetherlandsAMSTERDAM 37622357115162.6548.832.020.731.29
RussiaMICEX 3011759658.1454.861.590.311.28
SwitzerlandSIX 69604287210461.5949.081.920.661.26
QatarQE 92048821853.0444.672.120.871.25
GermanyXETRA 1570310020506663.9850.431.960.771.19
ItalyBORSA 131538172393262.4247.892.010.841.17
JapanFUKUOKA 2001175558.5047.011.950.831.12
SingaporeSGX 108555639207651.9536.822.581.491.09
MexicoBMV 2841548454.2354.551.350.261.09
Austria WIENERBORSE 2601428454.6259.151.120.200.92
PakistanKSE 34120711060.7053.141.030.160.87
ItalyBORSA 2801579156.0757.961.080.220.86
FrancePARIS 2811579155.8757.961.080.220.86
Greece ATHENS 2921569153.4258.331.060.210.85
UKLSE 3191609250.1657.500.990.140.84
IndonesiaIDX 1821126661.5458.931.040.210.83
PortugalLISBON 2971408447.1460.000.990.180.81
NorwayOSE 2551589361.9658.860.990.180.80
FOREXFOREX 36923111562.6049.781.040.260.78
SpainIBEX 38119811551.9758.080.940.190.76
GermanyXETRA 2091277360.7757.480.900.170.73
UAEUAE 64233618952.3456.250.860.150.71
ChileBCS 2681498755.6058.390.960.260.70
JapanTOKYO 2551508058.8253.330.870.190.67
BelgiumBRUSSELS 2461458258.9456.550.820.150.67
NetherlandsAMSTERDAM 2461458258.9456.550.820.150.67
South KoreaKOSDAQ 2611608161.3050.630.880.230.66
TaiwanGTSM 2361387558.4754.350.780.140.64
IsraelTASE 3201689552.5056.550.900.260.64
AustraliaASX 2931789660.7553.930.830.240.59
USPREFERRED 62154048199065.1549.150.920.350.57
PhilippinesPSE 31518511258.7360.540.720.170.55
ThailandSET 39619810550.0053.030.710.160.55
Poland GPW 3041639153.6255.830.720.190.53
CanadaTSX 3351628548.3652.470.770.260.51
MalaysiaBURSA 3251919558.7749.740.750.260.49
SwedenSTOCKHOLM 2451437258.3750.350.720.240.48
SwitzerlandSIX 2771618458.1252.170.630.170.46
Hong KongHKEX 2731578257.5152.230.570.110.46
USFOREX 81041523151.2355.660.610.160.46
DenmarkCOPENHAGEN 2321367058.6251.470.610.180.43
USOTCBB 48261254.1746.154.464.040.42
ChinaSSE 2701367150.3752.210.660.270.39
Vietnam HOSE 3232039862.8548.280.590.220.37
BangladeshDSE 2911838162.8944.260.490.150.33
SingaporeSGX 39824211060.8045.450.440.120.33
JordanASE 122962419050.7730.451.771.97-0.20
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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