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 1/1/2014
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 108653760.1956.927.881.866.02
USOTC PINK 121966644306454.6945.948.633.225.42
UKLSE 3116314266924745.8164.785.870.705.17
CanadaCSE 51722810544.1046.058.253.574.68
ArgentinaBUE 59033221456.2764.465.300.734.57
IndiaBSE 2012011508695957.2060.475.540.994.55
IndiaNSE 148078231508855.6161.795.310.814.50
PakistanKSE 2349138783559.0560.205.270.984.30
BrazilBOVESPA 32931924110658.7357.194.780.953.83
RussiaMICEX 2290134172958.5654.364.570.893.68
South KoreaKOSDAQ 119806285373652.5059.404.420.773.65
Greece ATHENS 66840922861.2355.754.851.463.39
NorwayOSE 2084113959454.7052.114.641.333.31
IsraelTASE 2304128075455.5658.914.150.893.25
Austria WIENERBORSE 30517511657.3866.293.490.363.13
Hong KongHKEX 2362811757549349.7646.724.511.433.08
EgyptEGX 137067634549.3451.044.381.343.04
IndonesiaIDX 53102531116947.6646.194.071.112.95
Poland GPW 54502637140448.5553.064.131.182.95
TurkeyBIST 76524049216652.9153.493.780.902.88
BangladeshDSE 48212716139556.3651.343.700.982.72
USAMEX 32791896101458.0453.283.781.062.72
Vietnam HOSE 40402040104450.5051.183.881.162.72
SwedenSTOCKHOLM 62773412175754.4451.423.861.162.69
South KoreaKRX 108645825338053.6557.993.310.652.66
The World 45895425463813919355.5254.633.630.972.66
ChinaSZSE 135817924472858.3559.673.540.892.65
USNASDAQ 2861317340995060.6657.333.450.822.62
TaiwanGTSM 90124675263351.8856.323.260.672.59
Saudi ArabiaTADAWUL 163987652853.4560.273.090.672.42
ArgentinaBUE 126765260.3268.422.540.182.36
JapanSAPPORO 34231167.6547.833.701.352.35
ChileBCS 78442726854.4662.762.680.332.35
ChinaSSE 92485464326859.0859.813.080.772.31
UAEUAE 76139619152.3047.993.331.092.25
JapanNAGOYA 39222412157.1454.022.840.612.23
JapanTOKYO 31779186301007958.6254.103.040.812.22
CanadaTSX-V 54292757104050.8037.715.573.352.22
AustraliaASX 131586890324952.4547.073.901.712.19
PhilippinesPSE 2799143972451.5550.173.161.032.14
FrancePARIS 86954784276255.0257.732.670.642.03
JapanFUKUOKA 81493060.4961.222.470.472.00
TaiwanTWSE 127766818364353.3753.432.450.591.86
CanadaTSX 138327988404857.7650.672.750.901.84
SpainIBEX 145882444156.5253.522.881.041.83
OmanMSM 3291366341.3446.322.981.221.76
MexicoBMV 138478746457.1558.662.370.641.73
ItalyBORSA 61723887214062.9855.062.400.691.71
PortugalLISBON 3351929557.3149.482.771.111.65
RussiaMICEX 125714156.8057.751.920.271.65
ThailandSET 133766640292249.6444.012.691.051.65
BelgiumBRUSSELS 115969437259.8853.602.310.671.64
USNYSE 2579416466941563.8657.152.230.601.63
DenmarkCOPENHAGEN 124773637559.0250.952.591.041.55
UKLSE 152704746.0567.141.590.141.44
GermanyXETRA 73334784257965.4453.742.140.721.42
KuwaitKSE 153275127749.0236.883.141.741.40
TurkeyBIST 95653768.4256.921.710.321.38
BrazilBOVESPA 149855357.0562.351.820.471.35
Vietnam HNX 2525119445547.2938.113.311.981.33
MexicoBMV 123784763.4160.261.550.231.32
QatarQE 37920510554.0951.222.050.751.31
MalaysiaBURSA 122476258261451.1041.772.691.391.30
FrancePARIS 139774555.4058.441.470.221.25
ItalyBORSA 139774555.4058.441.470.221.25
Greece ATHENS 142734251.4157.531.490.251.25
NetherlandsAMSTERDAM 1876120765464.3454.181.820.661.16
SwedenSTOCKHOLM 120694057.5057.971.300.171.13
Austria WIENERBORSE 148834156.0849.401.300.181.12
IsraelTASE 167795047.3163.291.300.221.09
SwitzerlandSIX 33972147115563.2053.801.640.591.05
SpainIBEX 158875355.0660.921.180.141.05
SingaporeSGX 58973107120452.6938.752.411.411.00
AustraliaASX 131673551.1552.241.280.281.00
PortugalLISBON 124613549.1957.381.180.200.98
IndonesiaIDX 92583563.0460.341.160.220.93
CanadaTSX 144764452.7857.891.080.180.89
IndiaNSE 139934766.9150.541.040.150.89
PhilippinesPSE 1631006761.3567.000.970.090.88
South KoreaKOSDAQ 128723856.2552.781.130.250.88
NorwayOSE 103744271.8456.761.040.180.86
BelgiumBRUSSELS 122673754.9255.221.010.180.84
NetherlandsAMSTERDAM 122673754.9255.221.010.180.84
FOREXFOREX 1781086260.6757.411.000.190.81
MalaysiaBURSA 127794962.2062.031.030.220.81
GermanyXETRA 122743360.6644.590.890.160.73
ChinaSSE 143734451.0560.270.950.220.73
JapanTOKYO 109643558.7254.690.910.220.69
ChileBCS 141814657.4556.790.930.250.68
TaiwanGTSM 116714561.2163.380.770.100.68
SwitzerlandSIX 136774356.6255.840.780.140.64
SingaporeSGX 1831086059.0255.560.750.120.63
Poland GPW 126653451.5952.310.860.260.60
JordanASE 86745015051.9033.332.301.730.57
USPREFERRED 35112323121666.1652.350.800.270.54
ThailandSET 180864847.7855.810.730.210.52
PakistanKSE 1991256262.8149.600.700.180.52
Hong KongHKEX 125713756.8052.110.560.130.44
USOTCBB 48261254.1746.154.464.040.42
DenmarkCOPENHAGEN 123643552.0354.690.550.130.42
Vietnam HOSE 147904561.2250.000.610.200.41
BangladeshDSE 137884064.2345.450.560.150.41
UAEUAE 55427713050.0046.930.480.150.32
USFOREX 62827813044.2746.760.490.180.31
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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