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 1/1/2020
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
ArgentinaBUE 28819413767.3670.623.570.203.37
JapanSAPPORO 34231167.6547.833.701.352.35
TurkeyBIST 2061469270.8763.012.250.252.00
RussiaMICEX 41323212256.1752.592.310.371.95
OmanMSM 58423410241.4442.152.671.221.44
PakistanKSE 47829217761.0960.621.350.151.20
BrazilBOVESPA 2711639460.1557.671.440.371.07
IndiaNSE 2991889162.8848.401.230.240.99
Greece ATHENS 41922412253.4654.461.060.260.80
MexicoBMV 49627014254.4452.591.120.330.80
Austria WIENERBORSE 36820411155.4354.411.030.260.77
ChileBCS 40222813456.7258.770.970.220.75
ItalyBORSA 39222212056.6354.051.000.270.73
FrancePARIS 39322212056.4954.051.000.270.73
NorwayOSE 37123112662.2654.550.920.210.71
Poland GPW 48227015256.0256.300.910.210.70
South KoreaKOSDAQ 40425713263.6151.360.870.210.67
GermanyXETRA 3041839960.2054.100.800.170.63
UAEUAE 121555329345.5152.980.810.190.63
FOREXFOREX 49330915262.6849.190.950.360.60
IsraelTASE 49627114054.6451.660.890.290.60
NetherlandsAMSTERDAM 34720411058.7953.920.750.160.59
BelgiumBRUSSELS 34720411058.7953.920.750.160.59
IndonesiaIDX 3001829460.6751.650.840.250.59
ThailandSET 56428515150.5352.980.740.150.59
UKLSE 59128915448.9053.290.760.180.58
PortugalLISBON 46320711044.7153.140.850.270.58
JapanTOKYO 38822311457.4751.120.810.240.57
SpainIBEX 58329315450.2652.560.820.270.55
TaiwanGTSM 37621210856.3850.940.710.170.54
SwedenSTOCKHOLM 36321611059.5050.930.790.260.53
PhilippinesPSE 46726916757.6062.080.690.170.52
CanadaTSX 63527513443.3148.730.840.320.52
AustraliaASX 48329316560.6656.310.740.230.52
SwitzerlandSIX 44125813358.5051.550.630.150.48
USFOREX 112457131250.8054.640.640.170.46
DenmarkCOPENHAGEN 37722011058.3650.000.650.200.45
USOTCBB 48261254.1746.154.464.040.42
BangladeshDSE 42728711467.2139.720.560.170.39
MalaysiaBURSA 49228413457.7247.180.640.270.37
Hong KongHKEX 49625212150.8148.020.490.160.33
Vietnam HOSE 48527713457.1148.380.530.230.30
SingaporeSGX 68538617156.3544.300.380.110.27
ChinaSSE 41920810549.6450.480.540.270.27
The World 891269194561041654.072.160.090.020.06
PortugalLISBON 51011356.081.050.090.030.06
QatarQE 9456352.280.610.040.010.03
KuwaitKSE 205615652.480.560.040.010.03
BangladeshDSE 852918949.960.210.030.000.03
USAMEX 66889659.270.150.030.000.02
JapanFUKUOKA 2409458.752.840.040.020.02
DenmarkCOPENHAGEN 229412656.970.460.030.010.02
NorwayOSE 40955253.260.090.020.000.01
NetherlandsAMSTERDAM 32968461.590.200.010.000.00
TaiwanTWSE 23117181056.580.080.010.000.00
UKLSE 60133392244.470.080.010.000.00
ItalyBORSA 126279561.290.060.000.000.00
SwedenSTOCKHOLM 151527353.480.040.000.000.00
IsraelTASE 81583253.170.050.000.000.00
FrancePARIS 145076453.220.050.000.000.00
South KoreaKRX 197053254.200.020.000.000.00
USPREFERRED 606124762.580.180.010.000.00
TaiwanGTSM 1724711454.830.040.000.000.00
IndiaBSE 348165454.440.020.000.000.00
JapanTOKYO 5897112758.470.020.000.000.00
USNYSE 433177361.980.010.000.000.00
South KoreaKOSDAQ 227663153.640.010.000.000.00
ChinaSSE 316317655.610.030.000.000.00
USOTC PINK 183462254.740.020.000.000.00
ThailandSET 2906610448.240.030.000.000.00
Hong KongHKEX 374903149.180.010.000.000.00
Vietnam HNX 36320051.680.000.000.000.00
USWARRANTS 10860048.250.000.000.000.00
USNASDAQ 431088457.370.020.000.000.00
CanadaTSX-V 146670047.040.000.000.000.00
CanadaTSX 224853257.380.020.000.000.00
BrazilBOVESPA 119170057.140.000.000.000.00
BelgiumBRUSSELS 18930052.460.000.000.000.00
AustraliaASX 365945350.390.020.000.000.00
Austria WIENERBORSE 6500064.460.000.000.000.00
ArgentinaBUE 22620059.020.000.000.000.00
GermanyXETRA 172190061.890.000.000.000.00
SpainIBEX 21580055.100.000.000.000.00
Greece ATHENS 16760054.360.000.000.000.00
ChileBCS 11560050.690.000.000.000.00
SwitzerlandSIX 62560060.790.000.000.000.00
ChinaSZSE 372200055.300.000.000.000.00
MexicoBMV 31520057.650.000.000.000.00
Saudi ArabiaTADAWUL 38620054.580.000.000.000.00
JapanNAGOYA 8110055.490.000.000.000.00
JordanASE 7900050.760.000.000.000.00
IndiaNSE 287055153.100.010.000.000.00
IndonesiaIDX 179867347.460.040.000.000.00
EgyptEGX 22735348.090.270.000.010.00
TurkeyBIST 114334055.230.000.000.000.00
PhilippinesPSE 51973151.280.040.000.000.00
MalaysiaBURSA 241451048.610.000.000.000.00
PakistanKSE 40063152.470.050.000.000.00
UAEUAE 11728155.630.150.010.020.00
Poland GPW 1000114249.060.040.000.000.00
RussiaMICEX 481417554.320.190.010.010.00
SingaporeSGX 945413149.660.020.000.02-0.02
CanadaCSE 48511045.040.000.000.02-0.02
Vietnam HOSE 63637052.110.000.000.02-0.02
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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