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 82337717945.8147.4815.393.9911.40
USWARRANTS 130744256.9256.768.202.096.11
USOTC PINK 150168215378954.7246.119.273.256.02
UKLSE 37674171081104445.5064.435.820.685.14
IndiaNSE 177979967618956.0062.095.330.814.52
IndiaBSE 2375913563818757.0960.365.510.994.52
ArgentinaBUE 73440426155.0464.605.250.754.50
PakistanKSE 2642153891558.2159.495.020.984.04
South KoreaKOSDAQ 142697576464953.1461.314.770.744.03
Greece ATHENS 83850529060.2657.435.241.333.91
BrazilBOVESPA 41302391136258.0156.844.610.973.64
RussiaMICEX 2773161686858.2853.714.360.913.45
USNASDAQ 2623115307909158.3559.394.230.933.30
NorwayOSE 2435135670655.7352.034.501.253.26
IndonesiaIDX 67783298154148.6646.734.231.103.12
IsraelTASE 2938158794454.0259.483.950.843.11
EgyptEGX 168483343649.6452.154.341.283.07
Hong KongHKEX 2877614219657849.4146.264.451.453.00
Austria WIENERBORSE 37121213857.1465.093.360.363.00
TurkeyBIST 88994687249452.6753.213.840.882.96
SwedenSTOCKHOLM 77224182216954.5551.504.091.162.92
Vietnam HOSE 47372384127950.3553.633.921.082.84
Poland GPW 63993061160847.8452.533.951.202.75
The World 53863929710216217755.1954.563.730.992.74
JapanFUKUOKA 88563463.6460.713.200.462.73
South KoreaKRX 131697128419054.1758.733.340.632.72
CanadaTSX-V 70733646138051.5837.835.953.322.63
ChileBCS 96852032053.7261.543.030.412.62
ChinaSZSE 168959619566656.9358.903.460.892.57
JapanNAGOYA 48028315558.9654.773.170.612.55
TaiwanGTSM 110055786323452.5855.893.220.672.55
USAMEX 39952326124658.2253.573.541.012.53
BangladeshDSE 59353267165755.0550.723.491.002.49
Saudi ArabiaTADAWUL 2064115769656.0660.163.020.652.37
JapanSAPPORO 34231167.6547.833.701.352.35
AustraliaASX 165298652405652.3446.884.031.732.31
JapanTOKYO 37807224781237659.4555.063.080.802.28
ChinaSSE 116566725394957.7058.722.980.792.19
PhilippinesPSE 3411175786551.5449.203.171.032.15
FrancePARIS 102405617322154.8557.342.750.632.12
UAEUAE 94048922852.0246.633.161.092.07
ArgentinaBUE 125754960.0065.332.230.232.00
SpainIBEX 171696552756.2454.612.891.011.87
TaiwanTWSE 156528457454754.0353.772.420.581.84
CanadaTSX 165479616482258.1950.082.660.901.76
QatarQE 46624713653.0055.062.420.701.71
TurkeyBIST 98694670.4166.671.910.221.70
PortugalLISBON 40423212157.4352.162.811.121.69
RussiaMICEX 164945557.3258.511.940.261.68
BelgiumBRUSSELS 138581443458.7753.322.330.651.68
ItalyBORSA 73424598250062.6354.372.330.681.66
OmanMSM 3841587441.1546.842.821.171.65
USNYSE 31711200991139763.3856.702.240.591.64
Vietnam HNX 2976141356647.4840.063.521.971.56
ThailandSET 164247998345848.7043.242.621.061.55
DenmarkCOPENHAGEN 150487944758.4450.852.490.981.51
MexicoBMV 159191553258.0857.582.190.681.50
GermanyXETRA 87975742312865.2754.482.140.681.46
KuwaitKSE 178186032248.2937.443.111.751.36
BrazilBOVESPA 111714863.9667.611.580.281.30
MexicoBMV 143875060.8457.471.450.201.25
NetherlandsAMSTERDAM 2128133272963.6753.801.810.611.20
Austria WIENERBORSE 144754752.0862.671.370.201.17
MalaysiaBURSA 150707461310249.5141.582.661.481.17
SwitzerlandSIX 40152503134862.5753.661.680.581.10
ItalyBORSA 156855254.4961.181.310.221.08
FrancePARIS 156855254.4961.181.310.221.08
SingaporeSGX 71003724144152.4538.692.461.391.07
Greece ATHENS 162825150.6262.201.290.221.07
UKLSE 160795049.3863.291.140.131.01
IndonesiaIDX 92603865.2263.331.200.230.97
CanadaTSX 142785154.9365.381.100.170.94
NorwayOSE 130844964.6258.331.080.150.93
IndiaNSE 99693569.7050.721.130.200.93
SpainIBEX 1831006254.6462.001.000.140.86
FOREXFOREX 2151417965.5856.031.060.210.86
South KoreaKOSDAQ 154874556.4951.721.070.250.82
PortugalLISBON 138704350.7261.430.970.170.80
GermanyXETRA 112653858.0458.461.000.200.80
IsraelTASE 181925550.8359.781.000.250.75
PhilippinesPSE 1851187963.7866.950.860.110.75
BelgiumBRUSSELS 135744354.8158.110.910.180.73
NetherlandsAMSTERDAM 135744354.8158.110.910.180.73
SwedenSTOCKHOLM 134814660.4556.790.900.170.73
AustraliaASX 159844752.8355.950.990.260.73
PakistanKSE 2131356763.3849.630.810.160.66
JapanTOKYO 135804259.2652.500.860.210.65
MalaysiaBURSA 1781015556.7454.460.930.300.63
UAEUAE 34518410953.3359.240.790.170.62
SwitzerlandSIX 146834656.8555.420.750.160.59
TaiwanGTSM 115744464.3559.460.700.140.57
ChinaSSE 145714148.9757.750.760.200.56
SingaporeSGX 1881146360.6455.260.670.110.55
ChileBCS 150895059.3356.180.790.250.54
Poland GPW 164884453.6650.000.750.250.50
USFOREX 42921712450.5857.140.640.180.46
USPREFERRED 39312575126865.5049.240.740.280.46
Vietnam HOSE 161985060.8751.020.680.220.46
DenmarkCOPENHAGEN 134724053.7355.560.610.150.46
ThailandSET 2151015346.9852.480.650.200.46
JordanASE 100151117051.0533.272.221.770.45
USOTCBB 48261254.1746.154.464.040.42
Hong KongHKEX 148844256.7650.000.520.120.40
BangladeshDSE 142964267.6143.750.490.180.31
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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