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 1/1/2019
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
UKLSE 61061274521572344.9757.265.651.004.64
TurkeyBIST 120206438370753.5557.595.490.944.55
IndiaNSE 2716714569803353.6355.135.161.134.04
IndiaBSE 3304318012927054.5251.455.421.404.03
ArgentinaBUE 1970111362056.5055.715.451.553.90
USOTC PINK 2866815406611254.7138.978.104.293.80
USWARRANTS 92544320147.8945.377.643.913.73
Vietnam HNX 3835197997851.6049.425.091.463.63
IndonesiaIDX 166678052366148.3145.474.841.223.62
ArgentinaBUE 26017312466.5471.683.770.203.57
South KoreaKOSDAQ 2243111967660553.3655.184.501.033.46
CanadaCSE 5066229789045.3438.757.784.363.42
USNASDAQ 43268245321242356.8050.554.741.443.30
SwedenSTOCKHOLM 153288210396253.7048.144.771.563.21
Poland GPW 103364919232647.7647.124.681.573.11
PakistanKSE 40102153104953.6948.724.491.483.02
Vietnam HOSE 68493541193551.7054.653.880.892.99
EgyptEGX 2386119664850.1354.184.221.262.96
IsraelTASE 75814105225554.2554.833.750.992.77
Greece ATHENS 166892546055.4649.734.091.332.76
NorwayOSE 42332273111253.7048.924.141.462.69
ChileBCS 131766635850.5753.753.340.752.59
The World 92092349704324734954.0449.703.671.242.42
ChinaSZSE 35002189931021854.2653.803.411.032.38
JapanSAPPORO 34231167.6547.833.701.352.35
Saudi ArabiaTADAWUL 40252214122155.0155.152.920.622.31
South KoreaKRX 1955010459557553.6853.133.100.812.29
BrazilBOVESPA 115266557321757.0448.943.401.112.28
CanadaTSX-V 150547197282048.0738.975.653.442.21
BangladeshDSE 95564769216249.9145.333.401.202.21
DenmarkCOPENHAGEN 2480142260757.3442.693.541.352.18
SpainIBEX 2223121857554.7947.213.261.092.17
AustraliaASX 3707418939811951.1142.854.402.242.16
Hong KongHKEX 4184420395840148.7441.193.971.822.15
PhilippinesPSE 56462897128451.3144.323.361.252.12
TaiwanGTSM 1869710168502154.3849.382.940.842.11
KuwaitKSE 2294119758952.1849.213.231.152.08
TurkeyBIST 1911378671.7362.772.230.261.97
MalaysiaBURSA 2653012570544647.4143.303.571.621.95
ChinaSSE 2679214684775854.8252.822.840.901.94
ThailandSET 3021214345601547.4841.933.161.251.91
FrancePARIS 150167999407553.2750.942.670.821.86
USAMEX 65943889185958.9847.802.931.081.85
Austria WIENERBORSE 59738620964.6654.153.161.311.85
CanadaTSX 2421713910671857.4448.302.851.021.83
RussiaMICEX 49582666120054.2244.642.861.031.83
JapanTOKYO 58412338371684457.9349.782.680.931.75
TaiwanTWSE 2524414092713055.8250.602.390.691.70
RussiaMICEX 38121211055.6451.892.060.361.70
PortugalLISBON 52329513156.4144.412.460.861.59
UAEUAE 112462625655.6940.892.701.121.58
NetherlandsAMSTERDAM 3368198997959.0649.222.150.631.52
MexicoBMV 3171184389758.1248.672.661.211.45
OmanMSM 58423410241.4442.152.671.221.44
QatarQE 91447822552.3047.072.250.811.44
USNYSE 41234254101331761.6952.352.190.751.44
BelgiumBRUSSELS 2041109851753.8047.092.120.791.33
SwitzerlandSIX 63963873190860.5549.262.000.681.32
GermanyXETRA 157639790495562.1150.611.950.741.21
ItalyBORSA 129317906369961.2946.672.000.811.19
JapanNAGOYA 88149721056.8741.922.080.921.15
FOREXFOREX 50330815461.2350.001.560.451.11
BrazilBOVESPA 2381428359.6658.451.420.361.06
IndiaNSE 2761768663.7748.861.280.251.03
PakistanKSE 44827416161.1658.761.080.160.92
MexicoBMV 42323412955.3255.131.200.280.92
Greece ATHENS 38020811554.7455.291.110.220.89
SingaporeSGX 105335319194350.5036.532.401.520.89
Austria WIENERBORSE 33818610355.0355.381.070.210.86
ItalyBORSA 36220411256.3554.901.020.220.80
FrancePARIS 36320411256.2054.901.020.220.80
ChileBCS 36520612156.4458.741.000.220.79
Poland GPW 42323313355.0857.080.940.190.75
JapanFUKUOKA 2111215657.3546.281.480.740.74
NorwayOSE 33120711862.5457.000.920.200.72
UAEUAE 96946725348.1954.180.860.160.69
South KoreaKOSDAQ 36123312264.5452.360.880.200.67
PortugalLISBON 40818610245.5954.840.880.220.66
IndonesiaIDX 2641588559.8553.800.880.220.66
GermanyXETRA 2781679160.0754.490.810.170.64
IsraelTASE 44123912654.2052.720.910.270.64
JapanTOKYO 35420410657.6351.960.830.220.61
SpainIBEX 52026814351.5453.360.840.230.61
UKLSE 53126714050.2852.430.780.190.60
NetherlandsAMSTERDAM 32118810258.5754.260.740.150.59
BelgiumBRUSSELS 32118810258.5754.260.740.150.59
ThailandSET 50825613650.3953.130.720.140.57
TaiwanGTSM 3251919758.7750.790.720.170.55
AustraliaASX 40924613360.1554.070.760.240.52
PhilippinesPSE 43425215658.0661.900.680.160.52
CanadaTSX 52923811544.9948.320.820.330.50
SwedenSTOCKHOLM 3231979860.9949.750.750.260.49
USPREFERRED 56363568168663.3147.250.870.410.46
DenmarkCOPENHAGEN 3251889457.8550.000.640.190.46
SwitzerlandSIX 38722511858.1452.440.590.150.44
USFOREX 104653829151.4354.090.610.170.43
USOTCBB 48261254.1746.154.464.040.42
MalaysiaBURSA 44726012658.1748.460.650.260.38
Hong KongHKEX 41723011355.1649.130.500.150.35
Vietnam HOSE 44625812657.8548.840.530.220.32
ChinaSSE 3741838948.9348.630.560.270.29
BangladeshDSE 40427110367.0838.010.450.170.28
SingaporeSGX 59934915758.2644.990.380.110.28
JordanASE 93548615051.9830.861.291.74-0.45
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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