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 55261747.2765.389.621.088.54
CanadaCSE 195184532744.1837.948.764.294.48
ArgentinaBUE 1651057563.6471.434.250.234.02
UKLSE 40585184711052145.5456.934.980.993.99
Greece ATHENS 92853628257.7652.614.521.343.18
USOTC PINK 175959600374354.7638.857.454.413.04
IndonesiaIDX 84754217189749.7644.984.241.223.02
TurkeyBIST 92184769247751.7451.943.970.992.99
ArgentinaBUE 86946325053.5153.764.261.282.98
PakistanKSE 2537138567254.5948.524.371.402.97
IndiaNSE 1966410541549853.6852.094.181.232.95
EgyptEGX 173886343949.6550.874.231.312.92
IndiaBSE 2397913211647655.1149.004.251.452.80
South KoreaKOSDAQ 150267776419451.8153.873.781.022.76
USNASDAQ 2987717081881357.4151.383.961.242.72
BrazilBOVESPA 49142875145658.7750.423.731.102.62
SwedenSTOCKHOLM 93875123242154.5847.264.051.452.60
IsraelTASE 34401813100052.7055.163.560.982.58
Vietnam HOSE 49422426121649.0950.123.601.082.52
JapanSAPPORO 34231167.6547.833.701.352.35
BangladeshDSE 64203449164953.7247.813.421.092.33
KuwaitKSE 152076632550.3942.433.571.442.13
NorwayOSE 2745155073456.4747.353.671.642.03
Poland GPW 64733001140946.4246.893.411.421.99
USAMEX 42712509120058.8447.753.191.211.98
RussiaMICEX 2992160772853.8845.163.091.111.98
TaiwanGTSM 127916861341653.6449.792.820.851.97
The World 60538933116516165554.7548.773.181.231.96
JapanNAGOYA 52130515258.5449.842.620.801.81
South KoreaKRX 140837519389053.4751.662.570.781.79
Hong KongHKEX 3070015022616649.0540.953.491.701.79
ChileBCS 99553627853.8751.872.410.631.79
Austria WIENERBORSE 45528314862.2052.302.560.801.76
JapanTOKYO 42925254381266759.2649.802.700.981.72
PhilippinesPSE 3714195482952.6142.432.941.251.69
SpainIBEX 171295845555.9647.492.831.151.68
FrancePARIS 113546229321254.8651.572.490.821.67
TurkeyBIST 116795168.1064.561.920.291.63
Saudi ArabiaTADAWUL 2803159779556.9749.782.410.801.61
AustraliaASX 1924210002428752.0242.833.542.001.54
CanadaTSX-V 85274351158951.0636.505.153.671.48
OmanMSM 3961647141.4143.292.621.141.48
TaiwanTWSE 1809810059501455.5849.852.120.681.44
Vietnam HNX 2763137355049.6940.063.151.741.42
DenmarkCOPENHAGEN 161992742057.2645.312.501.141.36
ChinaSZSE 2395713278637755.4248.032.611.261.35
PortugalLISBON 40022910557.2545.852.391.071.32
ThailandSET 186898960374147.9441.752.551.231.32
BrazilBOVESPA 134885765.6764.771.550.251.30
RussiaMICEX 2321307356.0356.151.580.311.28
UAEUAE 91149121753.9044.202.361.101.26
JapanFUKUOKA 141773154.6140.262.030.781.25
USNYSE 35544223571152862.9651.522.020.781.24
CanadaTSX 1873411054500259.0145.252.291.061.23
QatarQE 54129912555.2741.812.170.951.22
ChinaSSE 160438948437655.7848.902.261.061.20
MalaysiaBURSA 157107566315848.1641.742.731.541.19
MexicoBMV 2071146955.0760.531.360.181.18
MexicoBMV 171799249657.7850.002.010.861.14
BelgiumBRUSSELS 146783538656.9246.231.900.821.08
UKLSE 2321046644.8363.461.170.131.05
ItalyBORSA 86005373256462.4847.721.930.891.03
GermanyXETRA 99296381318064.3249.801.790.761.03
NetherlandsAMSTERDAM 2512153675661.1549.221.700.671.03
Austria WIENERBORSE 2071126654.1158.931.240.221.02
Greece ATHENS 2261197052.6558.821.190.240.96
IndonesiaIDX 136825160.2962.201.160.220.94
FrancePARIS 2251277356.4457.481.170.240.94
ItalyBORSA 2251277356.4457.481.170.240.94
PakistanKSE 2581629062.7955.561.060.140.93
SwitzerlandSIX 44192743135562.0749.401.510.640.87
NorwayOSE 1911186961.7858.471.030.190.85
SpainIBEX 2641488756.0658.781.010.170.84
IndiaNSE 139914365.4747.251.010.210.80
FOREXFOREX 2711758964.5850.861.050.250.80
PortugalLISBON 2011066252.7458.490.970.190.78
GermanyXETRA 165995560.0055.560.950.190.76
CanadaTSX 2121156754.2558.260.940.180.76
South KoreaKOSDAQ 2071216258.4551.240.950.220.73
SingaporeSGX 70793757138453.0736.842.161.440.71
BelgiumBRUSSELS 1921116257.8155.860.880.170.71
NetherlandsAMSTERDAM 1921116257.8155.860.880.170.71
PhilippinesPSE 2501429256.8064.790.820.130.70
ChileBCS 2081186856.7357.630.900.250.65
SwedenSTOCKHOLM 1931156159.5953.040.850.220.63
IsraelTASE 2501327752.8058.330.910.280.63
JapanTOKYO 1901095557.3750.460.810.180.62
MalaysiaBURSA 2421427958.6855.630.850.260.59
UAEUAE 48525414352.3756.300.740.170.58
Poland GPW 2351256953.1955.200.770.220.55
TaiwanGTSM 1721015558.7254.460.720.180.54
AustraliaASX 2321367258.6252.940.780.260.51
SwitzerlandSIX 2091196456.9453.780.670.160.51
ChinaSSE 201965347.7655.210.740.230.51
Hong KongHKEX 2031095653.6951.380.580.100.48
ThailandSET 2931387147.1051.450.650.200.46
DenmarkCOPENHAGEN 1841035455.9852.430.610.170.45
USOTCBB 48261254.1746.154.464.040.42
USFOREX 60530116649.7555.150.570.160.41
SingaporeSGX 2961788460.1447.190.500.110.39
Vietnam HOSE 2311406560.6146.430.590.210.37
USPREFERRED 45883054136666.5644.730.720.360.36
BangladeshDSE 1931305267.3640.000.420.190.23
JordanASE 87643913350.1130.301.481.95-0.47
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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