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 1/1/2018
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 35518410651.8357.6115.412.7312.68
CanadaCSE 3998183673046.3039.449.174.274.90
UKLSE 61436285641662246.5458.135.770.984.78
ArgentinaBUE 160486650154.6857.136.061.324.74
TurkeyBIST 125276678376853.3456.395.180.934.25
USOTC PINK 2968716197653154.8440.128.644.404.24
ArgentinaBUE 20913910266.5173.384.370.204.17
IndiaNSE 2947116055871754.5054.275.051.173.88
IndiaBSE 35741199361019955.8051.145.101.393.71
PakistanKSE 39922223114755.6951.604.831.303.53
USNASDAQ 44330258971365458.5352.624.741.303.44
South KoreaKOSDAQ 2384512724702053.4555.084.441.013.43
Poland GPW 102074959243348.6449.004.851.453.40
IndonesiaIDX 145457110328648.8846.224.611.223.39
SwedenSTOCKHOLM 155398546415755.0848.574.701.483.22
EgyptEGX 2452124165350.6152.624.501.283.22
Greece ATHENS 162092147756.8551.794.451.303.15
IsraelTASE 64043540204255.4357.524.040.913.12
BrazilBOVESPA 101285944304058.9950.883.981.062.92
Vietnam HOSE 75713799197950.1852.093.821.012.81
Austria WIENERBORSE 40726215564.3759.163.641.022.62
BangladeshDSE 94844977234752.4847.163.701.152.55
DenmarkCOPENHAGEN 2518146365758.1044.913.741.212.53
CanadaTSX-V 137066861266450.0638.836.093.612.49
NorwayOSE 43092402117355.7948.793.941.472.47
Vietnam HNX 3772188783850.0344.413.991.532.46
The World 95086052546526335455.3150.073.671.222.45
South KoreaKRX 2113011374603853.8353.093.180.802.39
KuwaitKSE 2266119154552.5645.763.641.272.37
JapanSAPPORO 34231167.6547.833.701.352.35
AustraliaASX 3388417661776852.2343.894.432.102.33
Saudi ArabiaTADAWUL 45162600141557.5754.423.040.712.33
TaiwanGTSM 2006611021551854.9250.073.020.842.17
Hong KongHKEX 4495122340927749.7041.533.891.742.15
SpainIBEX 2522138867755.0448.783.201.052.15
ChileBCS 141874038952.1952.572.800.702.10
USAMEX 66213951197059.8949.683.121.072.06
PhilippinesPSE 58173015134151.8344.483.241.242.00
MalaysiaBURSA 2615212673549148.4643.333.521.551.97
ChinaSZSE 41244231321174356.0950.773.101.161.94
RussiaMICEX 55002965135854.5545.272.931.021.92
ThailandSET 2985714295604847.8842.313.201.321.88
JapanTOKYO 66396394951983359.4850.222.810.971.85
FrancePARIS 164299125473355.5451.872.660.821.84
PortugalLISBON 58332714756.0944.952.901.081.82
TurkeyBIST 1691228072.1965.572.040.251.79
CanadaTSX 2640615711751959.6247.762.791.021.77
TaiwanTWSE 2751015548786756.5250.602.420.691.73
MexicoBMV 2975175688559.1350.312.660.981.67
ChinaSSE 2991216816852256.2250.682.620.981.64
USNYSE 46695296821580063.6253.182.250.761.48
OmanMSM 58423410241.4442.152.671.221.44
UAEUAE 131973631755.8043.072.501.071.43
SwitzerlandSIX 66864180209462.6150.021.980.621.36
JapanNAGOYA 80546420657.6444.402.240.921.32
ItalyBORSA 134468523409963.3948.092.130.831.30
BrazilBOVESPA 1811177564.6464.101.560.261.29
BelgiumBRUSSELS 2248126659656.3247.082.110.831.29
IndiaNSE 2161457567.1351.721.500.221.28
NetherlandsAMSTERDAM 36812311115262.7849.851.890.651.24
GermanyXETRA 1570510143520264.6251.261.950.731.22
RussiaMICEX 3271879957.1952.941.540.341.20
QatarQE 93049720953.4442.052.090.921.17
FOREXFOREX 42926713362.2449.811.480.431.05
SingaporeSGX 102675359199552.2037.232.531.481.04
MexicoBMV 33018410055.7654.351.290.281.01
Austria WIENERBORSE 2931598954.2755.971.080.200.87
IndonesiaIDX 2011237161.1957.721.020.200.82
PakistanKSE 37822612159.7953.540.970.150.82
FrancePARIS 3161759655.3854.861.030.220.82
ItalyBORSA 3151759655.5654.861.030.220.82
Greece ATHENS 3311789853.7855.061.010.210.80
PortugalLISBON 3441548844.7757.140.950.160.79
NorwayOSE 28217610562.4159.660.960.190.77
JapanTOKYO 2781659159.3555.150.920.180.74
JapanFUKUOKA 1881115059.0445.051.470.750.72
ChileBCS 3001649654.6758.540.960.240.71
GermanyXETRA 2361417759.7554.610.870.160.71
SpainIBEX 44622612450.6754.870.880.190.69
UKLSE 37719610851.9955.100.850.150.69
UAEUAE 69736420452.2256.040.840.150.69
South KoreaKOSDAQ 2991889762.8851.600.880.220.66
BelgiumBRUSSELS 2751598657.8254.090.800.140.65
NetherlandsAMSTERDAM 2751598657.8254.090.800.140.65
IsraelTASE 35118710453.2855.610.890.260.63
ThailandSET 43021811950.7054.590.750.150.61
USPREFERRED 57843803189865.7549.910.990.380.60
TaiwanGTSM 2511497759.3651.680.770.170.60
PhilippinesPSE 34320212258.8960.400.720.170.55
CanadaTSX 3901819546.4152.490.810.260.55
AustraliaASX 31819910862.5854.270.770.230.54
Poland GPW 34518810154.4953.720.680.190.48
SwitzerlandSIX 3141819357.6451.380.640.150.48
MalaysiaBURSA 36421510859.0750.230.710.250.46
USFOREX 89045725251.3555.140.590.160.43
SwedenSTOCKHOLM 2681588058.9650.630.680.250.43
USOTCBB 48261254.1746.154.464.040.42
Hong KongHKEX 2931688557.3450.600.540.120.42
DenmarkCOPENHAGEN 2551477357.6549.660.580.180.39
ChinaSSE 3011507549.8350.000.610.260.35
Vietnam HOSE 35422010762.1548.640.550.210.34
SingaporeSGX 44627212460.9945.590.420.110.31
BangladeshDSE 3272178566.3639.170.430.180.26
JordanASE 103754217552.2732.291.521.73-0.21
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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