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 1/1/2017
Country 
Stock Exchange 
Website 
Patterns
Total
 
Confirmed
Total
 
Profitable
Signals
 
Confirmation
%
 
Profitable
Signal%
 
Per Trade 
Samples 
Profit% 
Loss% 
Total Net% Descending
USWARRANTS 75372249.3359.4614.542.2412.30
ArgentinaBUE 1901248965.2671.774.600.234.38
UKLSE 57545257331464144.7256.895.071.014.06
CanadaCSE 2620116145144.4738.718.604.723.89
ArgentinaBUE 112560732753.9653.874.991.553.45
TurkeyBIST 134357029368752.3252.454.221.013.21
BrazilBOVESPA 72394212214258.1850.854.241.133.12
South KoreaKOSDAQ 2200011613616652.7953.104.131.123.01
IndiaNSE 2783814842769453.3251.844.321.323.00
USOTC PINK 2474313210515254.2138.417.324.392.93
IndiaBSE 3564619616961855.0349.034.341.542.81
SwedenSTOCKHOLM 132627205342254.3347.494.251.492.76
IsraelTASE 50042665147353.2655.273.751.082.67
Greece ATHENS 144281840456.7349.394.211.612.60
PakistanKSE 38472128103355.3248.544.061.502.56
USNASDAQ 40611233971192557.6650.933.851.302.55
IndonesiaIDX 123045831256147.3943.923.761.272.49
EgyptEGX 2449117758548.0649.703.851.372.48
RussiaMICEX 46102668120457.8745.133.511.132.38
JapanSAPPORO 34231167.6547.833.701.352.35
Poland GPW 89384225200847.2747.533.751.442.31
NorwayOSE 38452122101855.1947.973.761.542.22
Vietnam HOSE 77023808184049.4448.323.291.142.15
Hong KongHKEX 4407121713902549.2741.563.921.772.14
USAMEX 60153545172758.9448.723.381.242.14
BangladeshDSE 98035158236452.6245.833.301.202.09
The World 85376746381822570154.3648.633.271.262.01
South KoreaKRX 2127411441587953.7851.392.840.881.96
JapanNAGOYA 75944221158.2347.742.740.781.96
TaiwanGTSM 182319656468752.9648.542.820.891.93
Austria WIENERBORSE 72742522758.4653.412.560.781.78
JapanTOKYO 59694348501746958.3850.132.740.971.77
ChileBCS 149577440651.7752.452.440.661.77
Saudi ArabiaTADAWUL 37692114107856.0950.992.530.791.73
SpainIBEX 2477134065154.1048.582.811.101.72
ChinaSZSE 3406018959915755.6648.303.011.301.70
FrancePARIS 161168694446153.9551.312.510.821.69
PhilippinesPSE 55072754119550.0143.392.841.271.57
CanadaTSX-V 107615425198850.4136.655.303.741.56
AustraliaASX 2672913895589152.0042.383.552.051.50
Vietnam HNX 3745183875549.0841.083.111.631.47
TaiwanTWSE 2598914215691454.7048.642.180.731.45
KuwaitKSE 2324117648250.6040.992.931.491.45
TurkeyBIST 1401016572.1464.361.720.301.43
ChinaSSE 2413213507660955.9848.922.531.111.42
CanadaTSX 2615915154684357.9345.162.411.091.32
RussiaMICEX 2741598658.0354.091.640.321.32
UAEUAE 130470129353.7641.802.551.251.30
JapanFUKUOKA 1881125159.5745.542.190.901.29
OmanMSM 5592289640.7942.112.581.361.22
BrazilBOVESPA 1601036464.3862.141.480.251.22
MalaysiaBURSA 2302311160466848.4741.832.781.561.22
BelgiumBRUSSELS 2049116653756.9146.052.050.841.22
USNYSE 46344291941512963.0051.821.980.771.21
MexicoBMV 2541418055.5156.741.420.231.18
MexicoBMV 2482142772857.4951.022.040.871.17
NetherlandsAMSTERDAM 34262126101462.0547.701.860.741.12
ItalyBORSA 118527395354262.3947.901.970.861.11
PortugalLISBON 61133515554.8346.272.221.111.11
QatarQE 82543418952.6143.552.010.921.09
DenmarkCOPENHAGEN 2294132157457.5943.452.311.241.07
ThailandSET 2816213162530646.7440.312.411.351.06
GermanyXETRA 140708976448563.8049.971.840.781.06
Austria WIENERBORSE 2341297655.1358.911.210.220.99
IndiaNSE 1611065465.8450.941.150.180.97
Greece ATHENS 2601418354.2358.871.160.230.93
ItalyBORSA 2521448357.1457.641.150.230.92
FrancePARIS 2521448357.1457.641.150.230.92
SingaporeSGX 99985178186151.7935.942.391.470.92
UKLSE 2741368349.6461.031.050.140.91
PakistanKSE 29918410061.5454.351.050.150.90
IndonesiaIDX 1611026163.3559.801.090.220.87
PortugalLISBON 2421257451.6559.201.030.180.86
NorwayOSE 2261428362.8358.451.030.180.85
SpainIBEX 31917610455.1759.091.020.180.84
SwitzerlandSIX 63553908190261.4948.671.490.660.83
GermanyXETRA 1871146560.9657.020.970.180.80
ChileBCS 2371368157.3859.560.980.250.73
NetherlandsAMSTERDAM 2211317459.2856.490.890.160.73
BelgiumBRUSSELS 2211317459.2856.490.890.160.73
South KoreaKOSDAQ 2331417360.5251.770.930.220.71
FOREXFOREX 33320710162.1648.790.970.270.70
IsraelTASE 2941559152.7258.710.950.260.70
JapanTOKYO 2261316857.9651.910.890.200.69
CanadaTSX 2771427851.2654.930.840.190.65
AustraliaASX 2651598660.0054.090.870.240.63
PhilippinesPSE 29116510156.7061.210.750.150.61
UAEUAE 57730116452.1754.490.710.160.55
TaiwanGTSM 2081216758.1755.370.700.160.55
Poland GPW 2791518554.1256.290.740.190.54
SwedenSTOCKHOLM 2201316659.5550.380.770.240.53
MalaysiaBURSA 2861638556.9952.150.800.280.52
ThailandSET 3481759350.2953.140.670.160.51
DenmarkCOPENHAGEN 2131236657.7553.660.650.160.49
ChinaSSE 2431236750.6254.470.720.240.47
SwitzerlandSIX 2501447457.6051.390.630.180.44
USOTCBB 48261254.1746.154.464.040.42
Vietnam HOSE 2951808661.0247.780.610.210.41
USFOREX 74237120450.0054.990.570.160.40
USPREFERRED 57943806181065.6947.560.730.350.38
Hong KongHKEX 2521437256.7550.350.500.130.37
SingaporeSGX 3562159860.3945.580.470.120.34
BangladeshDSE 2491556362.2540.650.450.170.28
JordanASE 124462319450.0831.141.832.00-0.18
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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