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 1/1/2015
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
CanadaCSE 115051322244.7043.1911.134.127.01
USWARRANTS 141774454.6157.148.252.046.21
USOTC PINK 169769212420854.2645.688.913.265.64
UKLSE 41365187641208645.3664.415.810.685.14
IndiaBSE 2589414623870156.4759.505.351.024.33
IndiaNSE 1969010886667055.2961.275.140.854.30
ArgentinaBUE 81844428354.2863.745.100.884.23
South KoreaKOSDAQ 154738105497152.5061.194.710.753.96
PakistanKSE 2866164797357.4759.084.910.993.92
Greece ATHENS 97357732159.3055.634.901.313.59
BrazilBOVESPA 46072646147257.4355.634.400.983.43
USNASDAQ 29028168541002958.1559.414.250.923.33
NorwayOSE 2712149577955.1352.114.561.303.25
RussiaMICEX 3085176792657.3152.384.150.933.21
ArgentinaBUE 134855763.4367.063.390.243.15
USAMEX 34711937106255.8154.834.331.223.11
SwedenSTOCKHOLM 87714770251054.3852.624.211.113.10
IsraelTASE 33401776105053.1759.123.880.873.01
IndonesiaIDX 76213673168748.1845.944.131.142.99
TurkeyBIST 97705034268651.5353.363.860.922.94
Hong KongHKEX 3179515643712249.2045.534.341.502.84
Vietnam HOSE 51392558137149.7853.603.901.072.83
EgyptEGX 186689746148.0751.394.101.322.78
South KoreaKRX 144897782454853.7158.443.340.642.70
Austria WIENERBORSE 41924115057.5262.243.170.492.68
The World 59458332544217674554.7554.293.671.002.67
JapanNAGOYA 53832217559.8554.353.250.602.65
Poland GPW 67683174165346.9752.003.851.212.64
ChileBCS 107657034752.9760.882.940.412.53
TaiwanGTSM 124256516361052.4455.403.170.682.48
ChinaSZSE 1942110892639756.0858.733.360.932.43
BangladeshDSE 66233622181954.6950.223.441.032.41
JapanSAPPORO 34231167.6547.833.701.352.35
CanadaTSX-V 78814034150051.3137.095.663.362.30
JapanFUKUOKA 112673659.8253.732.810.572.24
AustraliaASX 186129741456852.3546.883.981.742.24
Saudi ArabiaTADAWUL 2340129675655.3858.332.860.642.23
JapanTOKYO 41986246841352658.7954.803.020.812.21
ChinaSSE 132637589446357.2258.812.890.802.10
FrancePARIS 114746205353254.0856.922.690.642.05
PhilippinesPSE 3733193093951.7048.653.061.012.04
PortugalLISBON 44125013356.6953.202.940.961.98
UAEUAE 102853924752.4345.833.011.071.94
SpainIBEX 1857102956055.4154.422.871.001.86
TaiwanTWSE 176469492508753.7953.592.390.591.80
QatarQE 52428115053.6353.382.470.681.79
TurkeyBIST 99704770.7167.141.900.211.69
CanadaTSX 1841410714534658.1849.902.580.911.67
USNYSE 34753219991254663.3057.032.230.581.64
DenmarkCOPENHAGEN 163193947057.5750.052.601.001.61
ItalyBORSA 81855052270661.8953.412.250.671.58
RussiaMICEX 1811046157.4658.651.840.281.56
KuwaitKSE 186291235548.9838.933.211.671.54
BelgiumBRUSSELS 151286644957.2851.852.210.671.53
ThailandSET 183108798378648.0543.032.591.091.50
MexicoBMV 1750100257757.2657.582.180.701.48
Vietnam HNX 3164151859947.9839.463.472.001.48
OmanMSM 4161727841.3545.352.711.241.47
NetherlandsAMSTERDAM 2365147878662.4953.182.120.651.46
BrazilBOVESPA 115714861.7467.611.730.281.45
GermanyXETRA 96886168335563.7054.372.090.661.43
MexicoBMV 166985959.0460.201.440.191.24
MalaysiaBURSA 162378042336849.5341.882.711.491.22
Austria WIENERBORSE 164875453.0562.071.380.211.17
ItalyBORSA 176975955.1160.821.320.231.09
FrancePARIS 176975955.1160.821.320.231.09
Greece ATHENS 182945851.6561.701.310.221.09
SwitzerlandSIX 45382797147961.6452.881.610.581.03
UKLSE 176835347.1663.861.120.121.00
SingaporeSGX 76983986151751.7838.062.401.410.99
FOREXFOREX 2351518264.2654.301.190.210.98
IndonesiaIDX 107664161.6862.121.180.230.95
SpainIBEX 2061147055.3461.401.090.150.94
IndiaNSE 113773968.1450.651.080.190.88
GermanyXETRA 127754459.0658.671.050.200.85
PortugalLISBON 155804951.6161.251.030.180.85
NorwayOSE 145915262.7657.141.010.180.84
South KoreaKOSDAQ 170975257.0653.611.060.250.81
CanadaTSX 168925654.7660.870.990.200.79
NetherlandsAMSTERDAM 153865056.2158.140.950.170.78
BelgiumBRUSSELS 153865056.2158.140.950.170.78
PhilippinesPSE 2011258462.1967.200.870.110.76
PakistanKSE 2311467663.2052.050.890.140.75
SwedenSTOCKHOLM 149885059.0656.820.900.190.70
JapanTOKYO 150864657.3353.490.850.200.65
IsraelTASE 2031025950.2557.840.920.290.63
AustraliaASX 1831015355.1952.480.870.250.62
MalaysiaBURSA 2001156257.5053.910.870.290.58
UAEUAE 39920311650.8857.140.750.170.58
SwitzerlandSIX 162894954.9455.060.710.150.56
Poland GPW 183985253.5553.060.780.220.55
ChileBCS 159955359.7555.790.790.260.53
ChinaSSE 162794348.7754.430.750.230.52
SingaporeSGX 2191347261.1953.730.600.100.50
TaiwanGTSM 137834660.5855.420.650.170.48
ThailandSET 2341105847.0152.730.660.200.46
USPREFERRED 43312876143566.4049.900.740.290.45
DenmarkCOPENHAGEN 145784353.7955.130.620.170.45
USFOREX 48423712948.9754.430.600.160.44
USOTCBB 48261254.1746.154.464.040.42
Vietnam HOSE 1871125459.8948.210.610.210.39
Hong KongHKEX 175944553.7147.870.490.120.37
JordanASE 107053717650.1932.772.131.780.35
BangladeshDSE 1581054066.4638.100.430.180.25
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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