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 55211438.1866.6713.711.7112.00
ArgentinaBUE 1761148164.7771.054.800.254.55
ArgentinaBUE 122365737253.7256.625.571.444.14
UKLSE 63767280061600343.9257.144.970.974.00
CanadaCSE 2537110941345.2136.018.414.693.72
IndiaNSE 3006916325859454.3452.604.571.283.29
IndiaBSE 39491222021115756.2250.254.701.503.20
South KoreaKOSDAQ 2294112140661752.9254.514.191.023.16
TurkeyBIST 158768234417851.8650.743.891.032.86
USOTC PINK 2736314609567453.9638.437.224.372.85
PakistanKSE 45132480121354.9548.914.341.542.80
IndonesiaIDX 134076431288447.9744.853.861.172.69
BrazilBOVESPA 76024402221957.9150.413.741.072.67
SwedenSTOCKHOLM 137807502354554.4447.254.091.462.63
EgyptEGX 2671130265648.7550.383.891.302.59
USNASDAQ 43784251881296257.5451.453.771.252.52
Greece ATHENS 147782139555.5948.113.981.602.38
JapanSAPPORO 34231167.6547.833.701.352.35
Hong KongHKEX 48357237481007749.1142.434.051.712.34
NorwayOSE 39882188108254.8649.453.771.452.32
IsraelTASE 53012765147152.2553.103.361.082.28
RussiaMICEX 46912665119356.8144.773.461.192.27
Poland GPW 102094832229147.3347.413.691.432.26
Vietnam HOSE 86194291211749.7949.343.281.112.17
The World 91683849701224491254.2449.253.321.232.09
ChinaSZSE 3196417758905955.5651.013.211.172.04
South KoreaKRX 2164611683620053.9753.072.830.802.03
USAMEX 63793691175757.8647.603.261.252.01
JapanTOKYO 66892397072037359.3651.312.920.941.99
TaiwanGTSM 2079511008537352.9448.812.840.881.96
BangladeshDSE 105905528253552.2045.863.121.161.95
Vietnam HNX 4254209189349.1542.713.541.691.85
SpainIBEX 2721149173354.8049.162.901.071.83
Saudi ArabiaTADAWUL 39262184114855.6352.562.470.711.76
JapanNAGOYA 81048023359.2648.542.530.791.74
Austria WIENERBORSE 74544123159.1952.382.530.801.73
FrancePARIS 179529545490753.1751.412.530.811.72
ChinaSSE 2214412250625355.3251.042.691.011.68
PhilippinesPSE 61483141138551.0944.092.911.251.66
ChileBCS 170390046452.8551.562.270.651.61
AustraliaASX 2836114725627851.9442.623.542.021.53
QatarQE 87846722453.1947.972.340.841.50
TaiwanTWSE 2929416013790854.6649.382.200.701.49
ThailandSET 2984414175600147.5042.342.681.211.47
TurkeyBIST 133935669.9260.221.710.321.39
MalaysiaBURSA 2629612725545948.3942.902.821.481.34
OmanMSM 67927611840.6542.752.531.191.34
CanadaTSX-V 114615792206550.5835.625.073.751.32
PortugalLISBON 66035716454.0945.942.381.081.29
CanadaTSX 2799716085731957.4545.502.331.061.27
NetherlandsAMSTERDAM 35812210108861.7149.231.980.711.27
MexicoBMV 2580149178257.7952.452.070.801.27
USNYSE 50561315161659862.3352.671.960.711.26
BrazilBOVESPA 151986164.9062.241.460.241.21
BelgiumBRUSSELS 2264128258656.6345.712.050.861.20
ItalyBORSA 121757470367161.3649.142.010.821.19
RussiaMICEX 2541427855.9154.931.500.311.19
GermanyXETRA 144349149465863.3950.911.930.781.15
UAEUAE 144677131753.3241.122.501.361.13
KuwaitKSE 3094156360550.5238.712.721.611.11
MexicoBMV 2291297556.3358.141.280.211.07
DenmarkCOPENHAGEN 2531144561557.0942.562.231.221.00
Austria WIENERBORSE 2231247355.6158.871.190.210.98
UKLSE 2561227647.6662.301.080.130.95
Greece ATHENS 2461337954.0759.401.160.220.94
SingaporeSGX 118546076228151.2637.542.361.430.93
ItalyBORSA 2411398057.6857.551.130.220.91
FrancePARIS 2411398057.6857.551.130.220.91
IndiaNSE 1541025166.2350.001.090.190.90
SwitzerlandSIX 68134129201960.6048.901.530.630.89
NorwayOSE 2131347962.9158.961.040.170.87
PakistanKSE 2771739562.4554.911.000.140.86
SpainIBEX 2991679955.8559.281.010.170.84
PortugalLISBON 2271197152.4259.661.010.180.83
IndonesiaIDX 149935562.4259.141.030.220.82
JapanFUKUOKA 2041185457.8445.761.560.800.76
GermanyXETRA 1801106261.1156.360.930.180.75
FOREXFOREX 3081959463.3148.210.970.270.70
CanadaTSX 2491327653.0157.580.870.170.70
NetherlandsAMSTERDAM 2111247058.7756.450.850.160.69
BelgiumBRUSSELS 2111247058.7756.450.850.160.69
South KoreaKOSDAQ 2261356959.7351.110.910.220.69
ChileBCS 2271327758.1558.330.920.260.66
PhilippinesPSE 2781589856.8362.030.770.150.63
JapanTOKYO 2111206056.8750.000.810.200.61
IsraelTASE 2711428152.4057.040.870.270.60
MalaysiaBURSA 2681538357.0954.250.840.270.57
UAEUAE 53628215652.6155.320.730.160.56
SwedenSTOCKHOLM 2091276260.7748.820.770.230.54
AustraliaASX 2521477858.3353.060.780.250.52
TaiwanGTSM 1891095857.6753.210.690.170.52
Poland GPW 2631397852.8556.120.710.200.51
SwitzerlandSIX 2331367358.3753.680.650.150.50
ChinaSSE 2241126050.0053.570.710.240.46
ThailandSET 3261557847.5550.320.630.170.45
DenmarkCOPENHAGEN 2041166256.8653.450.590.160.44
USOTCBB 48261254.1746.154.464.040.42
Hong KongHKEX 2331286554.9450.780.520.120.40
USFOREX 67934318850.5254.810.540.160.38
USPREFERRED 62824161196066.2447.100.680.330.35
Vietnam HOSE 2691617659.8547.200.570.220.35
SingaporeSGX 3352029160.3045.050.470.120.35
BangladeshDSE 2231415763.2340.430.410.180.23
JordanASE 167585327050.9331.651.901.810.09
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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